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<p class=MsoNormal><span style='color:#1F497D'>Do you think that $60/hr is a
bit low? I estimated just over $60/hr. Might be a good idea to
round up to $65. What do you think?<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>“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.” Sounds
a bit confusing. I know what you mean because we’ve been discussing
this, but other members might not. I’d just say that the engine has
at most 400 hours remaining before it must be replaced. <o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>-Steve<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
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<p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span
style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>
eefc-core-bounces@workingcode.com [mailto:eefc-core-bounces@workingcode.com] <b>On
Behalf Of </b>Bob Irving<br>
<b>Sent:</b> Friday, April 17, 2009 8:12 PM<br>
<b>To:</b> 'Eagle East Flying Club Core Team'<br>
<b>Subject:</b> proposed email to interested parties<o:p></o:p></span></p>
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<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>Following is the email I’m planning to send.
Commets??? Suggestions ???<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>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></p>
<p class=MsoNormal>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></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>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></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>Buy-in (engine reserve/down payment on aircraft) = $1450<o:p></o:p></p>
<p class=MsoNormal>Monthly dues = $55<o:p></o:p></p>
<p class=MsoNormal>Hourly rate (wet) = $60<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>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></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>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></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>Bob Irving <o:p></o:p></p>
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