081 proposal from EE

[Bob Irving]

As I think I said, I don't think $15,000 is reasonable price to expect for a
factory remanufactured engine. I would bet the cost is closer to $20,000.
Anyone can check by contacting Penn Yan with model number and ask them.

 

From: eefc-core-bounces at workingcode.com
[mailto:eefc-core-bounces at workingcode.com] On Behalf Of Steve Gordon
Sent: Wednesday, April 15, 2009 8:33 PM
To: 'Eagle East Flying Club Core Team'
Subject: RE: 081 proposal from EE

 

If EE was willing to install a new engine on 976 for $15,000, would they be
willing to do the same for 081 when it reaches TBO?

 

The following numbers assume we can expect an engine overhaul from EE for
$15,000 once 081 reaches TBO:

 

You're right that we would need to accelerate the overhaul fund.  One option
is to bootstrap it upfront from our membership (an extra $1,000 per member
give or take).  We could raise the monthly dues temporarily (would be an
extra $83/month for 12 members to catch up in 12 months).  The third option
is to raise the hourly cost by $30/hr.

 

Here are how the numbers break down using the spreadsheet:

 

Option 1 (overhaul funded up front):

 

One Time Fee:  $1,180.00

Monthly Fee:     $50.63

Hourly Fee:         $60.30

 

 

Option 2 (overhaul funded with monthly dues increase) 

 

One Time Fee:  $380.00

Monthly Fee:     $133.96 (for first 12 months)

Hourly Fee:         $60.30

 

 

Option 3 (overhaul funded with hourly fee increase) 

 

One Time Fee:  $380.00

Monthly Fee:     $50.63

Hourly Fee:         $90.30 (for first 400 hours)

 

 

We could also do a combination of any of those three options.  For instance,
we raise the up-front cost only half the amount of option 1 and we raise the
monthly dues half the amount of option 2.  Option 2 leaves the possibility
that we reach TBO before we've saved enough for an overhaul (if we fly 400
hours in less than 12 months).

 

I'll reserve my opinions on preference until after the group has a chance to
comment on this.

 

Thanks,

 

-Steve 

 

From: eefc-core-bounces at workingcode.com
[mailto:eefc-core-bounces at workingcode.com] On Behalf Of Bob Irving
Sent: Wednesday, April 15, 2009 7:24 PM
To: 'Eagle East Flying Club Core Team'
Subject: RE: 081 proposal from EE

 

Don't forget that we could/would easily put the remaining 400 hrs on 081 in
12 months. Then we face an expense of a new engine. I think it would be much
more than $15,000.

 

Bob

 

From: eefc-core-bounces at workingcode.com
[mailto:eefc-core-bounces at workingcode.com] On Behalf Of Steve Gordon
Sent: Wednesday, April 15, 2009 7:16 PM
To: Eagle East Flying Club Core Team
Subject: RE: 081 proposal from EE

 

Considering SMOH it is exactly the same price as 976. At $15,000 for
overhaul over 2,000 hours that's $7.50/hr. With 400 hours remaining that's
$3,000 value left in the engine which is precisely how much more they are
asking for 081.

I don't care about the paint unless it affects the airframe integrity
(corrosion). If it's a basic 172 we purchase it just needs to be functional
and cheap. I understand if some of you feel otherwise.

The financing opportunity on 081 is good. It alleviates the need for a
complex membership structure.

You know, I seem to remember that 081's engine was shipped out for
maintenance not more than a year ago. Metal in the oil. Makes me wonder if
they did an overhaul then. They couldn't have put 1600 hrs on it in less
than a year, right?

-Steve 

Sent from Windows Mobile Smartphone.

  _____  

From: Bob Irving <rhirving at verizon.net>
Sent: Wednesday, April 15, 2009 5:58 PM
To: 'Eagle East Flying Club Core Team' <eefc-core at workingcode.com>
Subject: 081 proposal from EE

According to Sean tonight 081 could be purchased for 38,000 with 15% down
and 8.5% for 60 months. 081 has about 5750 TTAF and 1600 SMOH on the engine.
I have no idea what it has for equipment nor do I know the condition. I do
not know anything about the history or logs. We all know it desperately
needs paint which is a 10-12,000 cost and substantial down time on the
aircraft - maybe 2 months.  

 

Let me know your thoughts on this.

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