Flying characteristics of a multi-engined light general aviation (GA) aircraft during and after an engine failure is often a major safety consideration when both designing and operating the aircraft. In the meantime, the propellers, being large rotating masses, can exert considerable gyroscopic effect on the aircraft during flight, itself contributing to a coupling between the pitch and yaw axis, thus affecting flight dynamics. This study presents an investigation on the impact of propeller gyroscopic effects on the flying motion of a representative twin-engine GA aircraft. This is done using a modular flight mechanics toolbox that performs analyses in both frequency domain and time domain. A steady-state windtunnel aerodynamic and control surface model with empirically estimated unsteady aerodynamic coefficients, along with a propeller governor engine system simulation, complements the gyroscopic inertia model in the simulation setup. Firstly, a modal analysis showed that all modes aside the spiral mode does not get discernibly affected by the rotating inertia typical to the reference aircraft’s propellers. Then, time-domain simulations of various rapid maneuvers show that gyroscopic effect does cause significant change in the angular response of the coupled axis, e.g. sideslip angle response during a pitch input only maneuver, whilst its impact on long term phugoid motion remained inconclusive due to undesired and uncontrolled roll motion. To compensate for this, maneuvers were performed again with a manually tuned simple wing leveler and results showed that pitch input maneuvers does not show much deviation in phugoid motion, whereas yaw input maneuvers such as sudden left engine failure shows discernible difference in airspeed and altitude responses, though the difference in magnitude is still small. Next, comparisons made with different powertrain responsiveness showed that in a power reducing case such as sudden one engine failure, the effect of the powertrain time delay is independent from the influence of gyroscopic effects, whereas for a power increase case, such as going around, the impact of the two is simultaneous and intertwined. Finally, a sensitivity study on unsteady aerodynamic coefficients showed that their effects on flying motion are generally independent from the gyroscopic effect.