1978 Piper Cheyenne for sale

1978 Piper Cheyenne

Multi Engine Turboprop

FOR SALE
Contact for price
Location Brookville, OH
Total Time 6,790 hrs
Engine SMOH 125 hrs
Seats 8
Serial # 31T-7804004
Reg # N500MY
Engine Turbo-prop ×2
Cruise 240 kts (444 km/h)
✓ FAA Valid ✓ Clean NTSB ✓ Verified recently

Aircraft Details

Seller reported

Avionics & Equipment

IFR
Garmin G600Txi Flight Display Garmin GNS530 WAAS IFR GPS/Color Moving Map/NAV/COM Garmin GNS430 WAAS IFR GPS/Color Moving Map/NAV/COM King KMA24 Audio Panel Dual Garmin GTX Transponders with ADS-B in and out King KFC250 Autopilot/Flight Director/Slaved HSI/Yaw Damper Sperry Color Weather Radar BFG WX1000 Stormscope

Description

Blackhawk -135A Engine Conversion, 6790 Total Time, Only 125 SMOH! Garmin G600txi, GNS530, GNS430, ADS-B in & out, KFC250, Radar, Stormscope, Ram Air, Speed stacks, Strakes.

Engine

SMOH 125 hrs

Propeller

125 Since Left Prop Overhaul 3-2023 1380 Since Prop Overhauls

Interior

The executive configured interior is Beige leather in good serviceable condition with bar, tables, potty, dividers and curtains.

Exterior

The paint is original White with Blue and Gold in clean serviceable condition.

Inspection

All logs since new and no damage history Fresh Event 1 and 2 in August, 2024

Modifications / STCs

Blackhawk -135 Conversion completed 12 years ago, Ram Air, Speed Stacks, Rear Strakes, Known Ice, Air conditioning, Gear door removal STC, Standby artificial horizon, 355 gal fuel.

Description and equipment details provided by the seller. AeroGurus does not verify seller-provided information.

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AeroGurus Data & Analysis

Independent data from FAA, NTSB, and market analysis

About This Piper Cheyenne

This 1978 Piper Cheyenne (N500MY) is a 8-seat multi engine turboprop with 6,790 hours on the airframe. There are currently 24 Cheyenne aircraft listed for sale with asking prices ranging from $495,000 to $1,514,887.

The Cheyenne cruises at 240 kts (444 km/h) with a range of 1,400 nm (2,593 km) — suitable for regional and medium-distance travel. Service ceiling of 31,000 ft allows operation above most weather.

Operating costs: Fuel burn is 55 GPH (208 L/h), which at current Jet-A prices (~$5.50/gal) means approximately $302/hr in fuel alone. Total variable cost including maintenance reserves is approximately $650/hr. Annual fixed costs (hangar, insurance, crew, annual inspection) average $100,000. With 6,790 hours on the airframe, this aircraft has exceeded TBO (3,500 hrs) — verify engine status and overhaul reserve.

FAA registration status: Valid. NTSB records show 0 incidents for this airframe — a clean safety record.

Pre-Purchase Checklist

FAA registration: Valid (TRI ROTOR SPRAY AND CHEMICAL INC)
Safety record: 0 NTSB incidents
Airframe: 6,790 hours — verify engine time vs TBO (3,500 hrs)
Budget $825 for pre-purchase inspection

Piper Cheyenne — Model Specs

Model specification

Standard specs for this model. Actual aircraft may differ.

Seats
8
Cruise Speed
240 kts (444 km/h)
Max Speed
262 kts (485 km/h)
Range
1,400 nm (2,593 km)
Ceiling
31,000 ft (9,449 m)
Max Weight
9,050 lbs (4,105 kg)
Useful Load
2,900 lbs (1,315 kg)
Fuel Capacity
365 gal (1382 L)
Fuel Burn
55 GPH (208 L/h)
Engines
2
TBO
3,500 hrs

Estimated Cost of Ownership

AeroGurus estimate

PIPER Cheyenne

Fuel Burn
55.0 GPH
~$358/hr
Variable Cost
$650/hr
fuel + mx + reserves
Annual Fixed
$100,000/yr
hangar + insurance + annual
Engine Overhaul
$300,000
every 3,500 hrs

AeroGurus estimates based on industry averages for the PIPER Cheyenne. Actual costs vary by location, usage, maintenance history, and configuration. Not a financial quote.

Ownership & Registration

Registered Owner

TRI ROTOR SPRAY AND CHEMICAL INC

Registration Address

ULYSSES, KS

Certificate Issued

2004-12-22

Airworthiness

1978-06-26

FAA Status

Valid

Source: FAA Aircraft Registry, updated Mar 15, 2026

Location & Ownership

FAA records

Aircraft Location

Brookville, OH

Seller reported 208 more aircraft in OH →

Title Status

No FAA title records

Available for US-registered aircraft only

Location note: Listed in Brookville, OH but FAA registration shows ULYSSES, KS. Aircraft may have been relocated. Confirm current location with seller.

Source: FAA Aircraft Registry, FAA Civil Aviation Registry (DocIndex). Title data may be delayed. Always verify with an aviation attorney before purchase.

Safety Record

No incidents found

NTSB database checked for N500MY.

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Prices and listings updated daily · Data: FAA Registry, NTSB · About our data
Disclaimer: All prices, cost estimates, and market values shown are based on asking prices from third-party sources and are provided for informational purposes only. AeroGurus is not an appraiser, broker, or financial advisor. Always obtain a professional appraisal and independent inspection before making a purchase decision. Actual transaction prices may differ from asking prices.