Narrative:

During our taxi from the south ramp to [runway] 16R; all checklist items were performed and all indications were normal. The takeoff roll and rotation were all normal. Moments after the gear came up; we lost our right engine indicated by a yaw sensation. With what seemed like 10-15 seconds; we started to get annunciators indicating the loss of the right engine. Soon after completing the emergency checklist procedures; we declared an emergency and requested to continue to our destination where the weather was better. We attempted a restart on the failed engine to no avail.our landing was uneventful; with the exception of all the emergency vehicles. After shutdown and exiting the airplane; we noticed fuel leaking out of the right engine cowling. The next morning the right lower cowl was removed by maintenance who found two bolt heads; safety wired together; that had sheared off from the fuel transmitter housing.ATC performed with the highest level of professionalism and were greatly appreciated by this flight crew.

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Original NASA ASRS Text

Title: A C550 flight crew suffered a right engine failure shortly after takeoff. After securing the engine and declaring an emergency they elected to continue to their destination a short distance away due to better weather and facilities.

Narrative: During our taxi from the south ramp to [Runway] 16R; all checklist items were performed and all indications were normal. The takeoff roll and rotation were all normal. Moments after the gear came up; we lost our right engine indicated by a yaw sensation. With what seemed like 10-15 seconds; we started to get annunciators indicating the loss of the right engine. Soon after completing the emergency checklist procedures; we declared an emergency and requested to continue to our destination where the weather was better. We attempted a restart on the failed engine to no avail.Our landing was uneventful; with the exception of all the emergency vehicles. After shutdown and exiting the airplane; we noticed fuel leaking out of the right engine cowling. The next morning the right lower cowl was removed by Maintenance who found two bolt heads; safety wired together; that had sheared off from the fuel transmitter housing.ATC performed with the highest level of professionalism and were greatly appreciated by this flight crew.

Data retrieved from NASA's ASRS site as of July 2013 and automatically converted to unabbreviated mixed upper/lowercase text. This report is for informational purposes with no guarantee of accuracy. See NASA's ASRS site for official report.