All,
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
GNS-530W GPS
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.
Thanks,
Gregory Collier
President
STL Aviators, Inc
