With little fanfare, Lycoming has dramatically rolled back prices on major engine parts, including crankcases and crankshafts. The price reductions on some parts are as much as 70 percent, according to the company, and have reset overhaul decisions for many owners who may have unserviceable cranks or cases. Heretofore, those replacement parts would have been drawn from the overhaul or repair pool and owners would have been charged accordingly. Now owners can opt for new crankcases and crankshafts at prices comparable to what they might have expected to pay for repaired parts.
Lycoming’s Steve Palmatier told us that the company routinely reviews production costs and selling prices on all of its parts and determined that it could boost parts sales by drastically reducing prices. One way they did this was to unbundle crankcase sales. The company once sold crankcases only as kits, which included such accessories as through bolts and spacers.