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<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Following
is the email I’m planning to send. Commets??? Suggestions ???<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Greetings
to all. We have come up with some numbers and we want to run them by
everyone to see what the interest level might be. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>WORD
OF CAUTION – this is by no means a final decision. We simply want to try
to measure the level of interest in joining “Eagle East Flying Club”
if we decided to purchase – a 1974 Cessna 172M with 5700 Hrs TT and 1600 Hrs
on the engine. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Since
this plane might make it to TBO (2000 Hrs) before a new engine is necessary, or
it might not - we would need to plan for that considerable expense.
The 400 Hrs remaining could come quickly if we have 15 members. We don’t
want to lowball monthly dues and hourly cost only to hit everyone with a
surprise special assessment for a new engine 6 months down the road.
Therefore – with 15 members first year per member costs for this airplane
look like this;<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Buy-in
(engine reserve/down payment on aircraft) = $1450<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Monthly
dues = $55<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Hourly
rate (wet) = $60<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>These
numbers include everything we can think of including financing costs, insurance,
normal maintenance, annual inspection, taxes, tiedown, etc. After year 1 our
aircraft would have a brand new zero time engine. Perhaps it would be
upgraded at time of install from 150 hp engine to 180 hp. Some are already
discussing adding a GPS but that’s down the road… <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Please
send me your comments. Would you be interested in forming a club if these were
the numbers? If these numbers are not what you expected, tell me what you
might be more comfortable with. Thank you.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Bob
Irving <o:p></o:p></span></font></p>
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