mikced has contributed to 4 posts out of 1193 total posts
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I have a ME rating and own a 1978 Piper Seneca II. I think flying a twin is just more exciting than flying a single. Of course I could give all sorts of rationalizations like I fly IFR, over mountains (So Cal), sometimes over water, at night, etc. but the truth is, its just a kick to fly.
The Seneca II and later models are good twin engine planes. They have a high single-engine service ceiling (12,000+ ft), a reasonable cruise (170 kts), and can carry four adults with full fuel. They also have a good climb rate. I can maintain a cruise-climb of 800-1000 ft/min up to 12,000+ ft.
I've been lucky. The maintenance costs haven't been too bad. My most recent annual cost $3800. The only repairs I had in the last year were a gear door that folded (I wasn't going too fast with the gear down, honest) and a windshield that cracked and needed replacement. Insurance isn't too bad either. I had about 150 hrs ME time and 1200 TT when I bought it and the insurance was $4500 per year.
So, why go for a multi-engine rating? For me, I fly because I enjoy it. Its a hobby and passion as much as it is transportation. The multi-engine is more challenging, more exciting and thus more enjoyable for me.