For those that attended the hangar BBQ a few weeks ago know that Mark Turpin and I have secured a 1981 Piper Archer II. Our intention is to bring it into the club but as I mentioned we require a few investors to share the cost of the aircraft as Mark and I want to limit our participation to $20K each.
Mark and I have spun up an LLC called Maverick Air (in honor of a rumor that Tom Cruise flew this airplane at some point in his pilot career… I’m researching this now!). Total capital raised for the aircraft is $100K with the plane purchase itself at $87,500.00. Minimum buy-in is $15K so we’ll need (4) more investors to bring her into the club. Below is a snapshot of the specs and if interested I can send over a VRef on the plane. We will structure the lease back for the club similar to the Arrow and Paul’s Archer which include a 7% finance fee on the aircrafts present value to the club, plus funds for the engine and prop TBO.
As of May 30, 2021 there are still spots open for ownership.
A couple of key specs on the plane:
1981 Piper Archer II – PA-28-181
Airframe Total: 11,320 hrs
147 SMOH on a Penn Yan Aero refurb engine (180 HP Lycoming)
Stec-30 Auto pilot with Alt hold
GTX-345 w/ADS-B in/out
During the pre-buy we went ahead and completed these service bulletins specific to this make and model: SB-1006 – Main Spar Corrosion and SB-1244C – Aft Wing Attach.
We also went ahead and completed this service bulletin in case the PA28 Wing spar AD drops: SB-1345 – Main Spar Eddy Current inspection.
She is a beautiful plane with great recent service and I’m sure will get a lot of flight time from the club. Help Mark and I bring her in!
Please reach out to me if you would like more details, would like to see the airplane, or have other questions.
STL Aviators, Inc