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<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Below
is the only response so far to my email sent Saturday AM. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Bob<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></font></p>
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<div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'>
<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:"Tahoma","sans-serif";font-weight:bold'>From:</span></font></b><font
size=2 face=Tahoma><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>
Bob Irving [mailto:rhirving@verizon.net] <br>
<b><span style='font-weight:bold'>Sent:</span></b> Monday, April 20, 2009 2:17
AM<br>
<b><span style='font-weight:bold'>To:</span></b> 'Dave Ryll'<br>
<b><span style='font-weight:bold'>Subject:</span></b> RE: Eagle East Flying
Club numbers<o:p></o:p></span></font></p>
</div>
</div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Hi
Dave,<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Yes,
we do have concern about the time on the engine and other issues with 976. As I
mentioned in the email, we are more interested in learning if the numbers would
interest you given that a “buy-in” would be necessary. The
problem with buying a plane other than 976 is that we would need to finance the
purchase and club members would be required to personally guarantee the loan.
Only a few are willing to consider that. If we go to outside financing an even
larger down payment/buy-in might be necessary. What’s your opinion
on the numbers?<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Bob<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></font></p>
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<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:"Tahoma","sans-serif";font-weight:bold'>From:</span></font></b><font
size=2 face=Tahoma><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>
Dave Ryll [mailto:pdryll@gmail.com] <br>
<b><span style='font-weight:bold'>Sent:</span></b> Sunday, April 19, 2009 9:57
PM<br>
<b><span style='font-weight:bold'>To:</span></b> Bob Irving<br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: Eagle East Flying
Club numbers<o:p></o:p></span></font></p>
</div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>Bob,<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> I am interested in learning more about the club. I do have some
questions though about your "interest" in what I am assuming to be
N6196 from Eagle. <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> The engine is at 1600 hours. What about the number of years
since overhaul?<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> If I remember this plane is not currently IFR certified. Would
this be something that is of concern to the club?<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> Please keep me informed <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal style='margin-bottom:12.0pt'><font size=3
face="Times New Roman"><span style='font-size:12.0pt'> Dave Ryll<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>On Sat, Apr 18, 2009 at 10:01 AM, Bob Irving <<a
href="mailto:rhirving@verizon.net">rhirving@verizon.net</a>> wrote:<o:p></o:p></span></font></p>
<div>
<div>
<p><font size=2 face=Calibri><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>Greetings
to all. We have come up with some numbers and want to run them by
everyone to see what the interest level might be. </span></font><o:p></o:p></p>
<p><font size=2 face=Calibri><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>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. </span></font><o:p></o:p></p>
<p><font size=2 face=Calibri><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'> </span></font><o:p></o:p></p>
<p><font size=2 face=Calibri><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>The
engine has about 400 Hrs remaining before it must be replaced. The 400 Hrs
remaining could come quickly if we have 15 members flying the plane. 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;</span></font><o:p></o:p></p>
<p><font size=2 face=Calibri><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'> </span></font><o:p></o:p></p>
<p><font size=2 face=Calibri><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>Buy-in
(engine reserve/down payment on aircraft) = $1450</span></font><o:p></o:p></p>
<p><font size=2 face=Calibri><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>Monthly
dues = $55</span></font><o:p></o:p></p>
<p><font size=2 face=Calibri><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>Hourly
rate (wet) = $65</span></font><o:p></o:p></p>
<p><font size=2 face=Calibri><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'> </span></font><o:p></o:p></p>
<p><font size=2 face=Calibri><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>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… </span></font><o:p></o:p></p>
<p><font size=2 face=Calibri><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'> </span></font><o:p></o:p></p>
<p><b><font size=2 face=Calibri><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
font-weight:bold'>Would you be interested in forming a club if these were the
numbers? </span></font></b> If these numbers are not what you expected,
tell me what you might be more comfortable with. Please send me your comments.
We need feedback. Thank you.<o:p></o:p></p>
<p><font size=2 face=Calibri><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'> </span></font><o:p></o:p></p>
<p><font size=2 color="#888888" face=Calibri><span style='font-size:11.0pt;
font-family:"Calibri","sans-serif";color:#888888'>Bob Irving </span></font><font
color="#888888"><span style='color:#888888'><o:p></o:p></span></font></p>
</div>
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face="Times New Roman"><span style='font-size:12.0pt'><br>
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