Agenda for Wed evening

Tue Apr 7 13:57:48 EDT 2009

Todd – I agree that “there is owed more on it than it is worth.”  So – I have asked Sean to get Tim to specify the deal and I have asked them if they would be willing to do an avionics upgrade, a fresh annual and an IFR certification – all before we take over.  I’ve also asked for a specific residual number or buyout fee once the note is paid off.  976 may not make sense financially when compared to the option of buying something.  But buying something presents a whole new set of issues.  

Tim is out of town but Sean promises to get back to me. We’ll see. 

Bob

From: toddmbs at yahoo.com [mailto:toddmbs at yahoo.com] 
Sent: Tuesday, April 07, 2009 1:11 PM
To: williammccann at comcast.net; 'mike lysik'; Bob Irving
Cc: eefc-core at workingcode.com
Subject: RE: Agenda for Wed evening

Gentlmen,

I have to say that this may the fastest combined effort that I've seen on anything in a long time.  This is great, I like what I'm seeing.

I would say that having an agenda is definitely needed at some point.  We should probably develop a time line and goals to expect.  Things will be defined the further we get obviously.  At the minimum, what we have right now for certain is 7 pilots hho want an airplane to fly as much as possible at a reasonable cost. 

Mike, good spreadsheet.  Those numbers are closer to what I was expecting.  Going under my philosophy of "assumptions x 2" the cost would still be within my expectations.

Bob, we need to get Tim to give us what his exact plan is with 976.  I'm sure he wants to make money on it because it's only costing them at this point, and I'm guessing that there is owed more on than it is worth.  It is the path of least resistence, however, a 15 year mortgage on a $50k plane that is ready to go will cost less per month than basically leasing 976 at $650/mo (if that is the option here).

I'll bring my financial calculator tommorrow, any material I can find about setting up by-laws, etc, and a sample flyer that we can post.

Jim, I don't know how you have this network set up. Am I double sending these e-mails?

Todd

--- On Mon, 4/6/09, Bob Irving <rhirving at verizon.net> wrote:

From: Bob Irving <rhirving at verizon.net>
Subject: RE: Agenda for Wed evening
To: williammccann at comcast.net, "'mike lysik'" <mike.lysik at comcast.net>
Cc: eefc-core at workingcode.com
Date: Monday, April 6, 2009, 3:19 PM

I’m in the process of trying to do that but Tim is out of town until tomorrow. I will catch up with him before the meeting and get answers.

Bob 

From: eefc-core-bounces at workingcode.com [mailto:eefc-core-bounces at workingcode.com] On Behalf Of williammccann at comcast.net
Sent: Monday, April 06, 2009 3:14 PM
To: mike lysik
Cc: eefc-core at workingcode.com
Subject: Re: Agenda for Wed evening

I'm in agreement with Mike , we should treat this as a pilot program with six people. The price that Eagle East is asking , and all of the upgrades

needed , will determine ( speaking for myself ) if I would be interested. If you are looking to add on an Instrument Rating in the future , or just for situational awareness , 976 needs a new avionics package.Why not negotiate a firm price with Tim so we no where to start with the numbers . 

Thanks,

Bill McCann

----- Original Message -----
From: "mike lysik" <mike.lysik at comcast.net>
To: "Bob Irving" <rhirving at verizon.net>
Cc: eefc-core at workingcode.com
Sent: Monday, April 6, 2009 2:21:51 PM GMT -05:00 US/Canada Eastern
Subject: Re: Agenda for Wed evening

I like the thought of having an agenda, but some of the items may be premature.  Maybe we keep the hit list short and just determine if the total cost of doing this is acceptable with the six of us, and if so, agree on our next steps.

Thanks

Mike  
----- Original Message -----
From: "Bob Irving" <rhirving at verizon.net>
To: eefc-core at workingcode.com
Sent: Monday, April 6, 2009 1:22:25 PM GMT -05:00 US/Canada Eastern
Subject: Agenda for Wed evening

Attached is a proposed agenda. Do we need to add anything? 

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