<html><head><style type='text/css'>p { margin: 0; }</style></head><body><div style='font-family: Arial; font-size: 12pt; color: #000000'><P>Bob,</P>
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<P>I'm going out of town for a few days. Any additional info { $ 1450 } on the flying club? Any mention to Tim about the decisions of the core group?</P>
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<P>Bill Mc</P>
<P><BR>----- Original Message -----<BR>From: "Bob Irving" <rhirving@verizon.net><BR>To: "Eagle East Flying Club Core Team" <eefc-core@workingcode.com><BR>Sent: Friday, April 17, 2009 8:11:12 AM GMT -05:00 US/Canada Eastern<BR>Subject: RE: Time for a vote on 081?<BR><BR></P>
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<P class=MsoNormal><FONT face=Calibri color=#1f497d size=2><SPAN style="FONT-SIZE: 11pt; COLOR: #1f497d">I will send something out over the weekend. Probably no sense delaying the agony. I fear that the initial $1450 will be a deal killer for most so I will try to frame it as a hypothetical. </SPAN></FONT></P>
<P class=MsoNormal><FONT face=Calibri color=#1f497d size=2><SPAN style="FONT-SIZE: 11pt; COLOR: #1f497d"></SPAN></FONT> </P>
<P class=MsoNormal><FONT face=Calibri color=#1f497d size=2><SPAN style="FONT-SIZE: 11pt; COLOR: #1f497d">Bob </SPAN></FONT></P>
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<P class=MsoNormal><B><FONT face=Tahoma size=2><SPAN style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: 'Tahoma','sans-serif'">From:</SPAN></FONT></B><FONT face=Tahoma size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Tahoma','sans-serif'"> eefc-core-bounces@workingcode.com [mailto:eefc-core-bounces@workingcode.com] <B><SPAN style="FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Steve Gordon<BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Thursday, April 16, 2009 11:17 PM<BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> 'Eagle East Flying Club Core Team'<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> RE: Time for a vote on 081?</SPAN></FONT></P></DIV></DIV>
<P class=MsoNormal><FONT face=Calibri size=2><SPAN style="FONT-SIZE: 11pt"></SPAN></FONT> </P>
<P class=MsoNormal><FONT face=Calibri color=#1f497d size=2><SPAN style="FONT-SIZE: 11pt; COLOR: #1f497d">I did about a third of my primary training in 081. I have never had a problem with the radios except that they are not digital – they are old style mechanical dials with no flip-flop. Don’t know about the IFR standing, but I’d would expect a fresh IFR certification from Eagle. VORs work fine. I’ve never shot an approach in that aircraft. I would not want to do anything with the paint if it’s just faded and ugly (not worth putting lipstick on that pig IMO). If the paint is cracked or chipping, then we’d be foolish not to paint. Good question about the 10 year time limit – don’t know. It could be past TBO already. Don’t know about the prop. Mags are replaced relatively frequently, are they not? I thought I read somewhere that mags and vacuum pumps should be changed every 100 hours, but that sounds excessive. Don’t know about the logs. The interior was in better shape than 976 the last time I flew it (which was before 976 got a new seat covers). I’d give it a 6-7 considering it’s a 35 year old plane.</SPAN></FONT></P>
<P class=MsoNormal><FONT face=Calibri color=#1f497d size=2><SPAN style="FONT-SIZE: 11pt; COLOR: #1f497d"></SPAN></FONT> </P>
<P class=MsoNormal><FONT face=Calibri color=#1f497d size=2><SPAN style="FONT-SIZE: 11pt; COLOR: #1f497d">Any of the concerns you raise could tip the scales towards increasing our costs which already seem to be at or even beyond our personal limits for this aircraft. My decision making was predicated on the terms set forth by Sean and Tim: $38K with 15% down financed for 5 years at 8.5%. At those terms I’d need to see at least 15 members to share the costs and make it worthwhile for me. We can always offer less for 081, but if we do we should probably be reasonably sure we want to more forward if Eagle accepts the offer.</SPAN></FONT></P>
<P class=MsoNormal><FONT face=Calibri color=#1f497d size=2><SPAN style="FONT-SIZE: 11pt; COLOR: #1f497d"></SPAN></FONT> </P>
<P class=MsoNormal><FONT face=Calibri color=#1f497d size=2><SPAN style="FONT-SIZE: 11pt; COLOR: #1f497d">What does all of this add up to? Some of us are right on the border of their price tolerance for 081 and some of us are already past their tolerance. Costs are more likely to go up than go down before the end of the deal which will probably push some of us over our tolerance. In my estimation it doesn’t look like 081 is going to be feasible.</SPAN></FONT></P>
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<P class=MsoNormal><FONT face=Calibri color=#1f497d size=2><SPAN style="FONT-SIZE: 11pt; COLOR: #1f497d">-Steve</SPAN></FONT></P>
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<P class=MsoNormal><B><FONT face=Tahoma size=2><SPAN style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: 'Tahoma','sans-serif'">From:</SPAN></FONT></B><FONT face=Tahoma size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Tahoma','sans-serif'"> eefc-core-bounces@workingcode.com [mailto:eefc-core-bounces@workingcode.com] <B><SPAN style="FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Bob Irving<BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Thursday, April 16, 2009 9:58 PM<BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> 'Eagle East Flying Club Core Team'<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> RE: Time for a vote on 081?</SPAN></FONT></P></DIV></DIV>
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<P class=MsoNormal><FONT face=Calibri color=#1f497d size=2><SPAN style="FONT-SIZE: 11pt; COLOR: #1f497d">Maybe. But I’m not very comfortable with our numbers on 081. Does anyone know anything about the radios? Is the aircraft up to IFR standards. VOR/ILS/LOC all work? What are we going to do about the paint? If the engine time is 1600 hrs, how many years has it been since a major overhaul? (10 years is a time limit as well as 2000 hours.) Was it a field overhaul or a factory remanufactured engine 1600 hrs ago? How much time on the prop? When is the prod due for overhaul ? Is the prop serviceable or has it been refinished too many times? How much time on the mags? When do they need overhaul again? Are all the logs available? What condition is the interior in? Are we willing to pay $38,000? Are we willing to put 15% down? Are we willing to finance for only 60 months? Are we willing to pay 8.5% interest to Eagle East? </SPAN></FONT></P>
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<P class=MsoNormal><B><FONT face=Tahoma size=2><SPAN style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: 'Tahoma','sans-serif'">From:</SPAN></FONT></B><FONT face=Tahoma size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Tahoma','sans-serif'"> eefc-core-bounces@workingcode.com [mailto:eefc-core-bounces@workingcode.com] <B><SPAN style="FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Steve Gordon<BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Thursday, April 16, 2009 9:37 PM<BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> 'Eagle East Flying Club Core Team'<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> RE: Time for a vote on 081?</SPAN></FONT></P></DIV></DIV>
<P class=MsoNormal><FONT face=Calibri size=2><SPAN style="FONT-SIZE: 11pt"></SPAN></FONT> </P>
<P class=MsoNormal><FONT face=Calibri color=#1f497d size=2><SPAN style="FONT-SIZE: 11pt; COLOR: #1f497d">So we’re not faring much better than the 976 option. In order for 081 to work for me we’d need to recruit at least 15 members, and that doesn’t look likely. With at least 4 of the core members out, we’re also looking at possibly too few people to run the club. Do you think it’s worth reaching out to the bigger group to see if there’s enough interest there?</SPAN></FONT></P>
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<P class=MsoNormal><B><FONT face=Tahoma size=2><SPAN style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: 'Tahoma','sans-serif'">From:</SPAN></FONT></B><FONT face=Tahoma size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Tahoma','sans-serif'"> eefc-core-bounces@workingcode.com [mailto:eefc-core-bounces@workingcode.com] <B><SPAN style="FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Bob Irving<BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Thursday, April 16, 2009 9:20 PM<BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> 'Eagle East Flying Club Core Team'<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> RE: Time for a vote on 081?</SPAN></FONT></P></DIV></DIV>
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<P class=MsoNormal><FONT face=Calibri color=#1f497d size=2><SPAN style="FONT-SIZE: 11pt; COLOR: #1f497d">So far 4 no and 2 yes.</SPAN></FONT></P>
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<P class=MsoNormal><B><FONT face=Tahoma size=2><SPAN style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: 'Tahoma','sans-serif'">From:</SPAN></FONT></B><FONT face=Tahoma size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Tahoma','sans-serif'"> eefc-core-bounces@workingcode.com [mailto:eefc-core-bounces@workingcode.com] <B><SPAN style="FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Steve Gordon<BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Thursday, April 16, 2009 7:14 PM<BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> 'Eagle East Flying Club Core Team'<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Time for a vote on 081?</SPAN></FONT></P></DIV></DIV>
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<P class=MsoNormal><FONT face=Calibri size=2><SPAN style="FONT-SIZE: 11pt">So far I’ve seen one yes (me) and one no (Bob McAloon). Are we waiting on any more information, or is it time to call in the votes on 081? I for one would like to know soon one way or the other whether this is going to be feasible.</SPAN></FONT></P>
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<P class=MsoNormal><FONT face=Calibri size=2><SPAN style="FONT-SIZE: 11pt">-Steve </SPAN></FONT></P></DIV><BR>_______________________________________________ eefc-core mailing list eefc-core@workingcode.com https://www.workingcode.com/mailman/listinfo/eefc-core </div></body></html>