Category Archives: aircraft

Is oil analysis a good idea

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This is a good question for not only aircraft owners but ,boat and performance car owners. too.

Question. Is oil analysis a good idea or just a waste of money?
Answer. 
I think it depends on the engine.  Most mechanics would probably agree that a high time engine would benefit from oil analysis.  If you are trying to extend the time between overhauls (TBO),  oil analysis is a must.  Flying your aircraft past TBO can save you a few bucks in the near future but can (but not always) increase the actual cost of the overhaul in the long term.  It could be one of those “pay me now or pay me more later”!  Extended use might damage parts instead of just wearing them down.  

But oil analysis and regular oil changes can help the owner monitor some of the internal conditions of the engine.  Which also means if you start a new engine on the oil analysis program from the very start you can continually monitor the engines wear throughout the years of operation. 

Typically, the average oil change would be sufficient for most owners to check the oil for any contaminants.  The mechanic or owner  who does the oil change should cut the filter, or inspect the oil screen and look for any type of contamination.  If you are looking at an aircraft to buy, and you have the time, an oil analysis would probably offer you finer (no pun intended) details than just the filter or screen test.  In fact, if you find something in the screen or filter it will probably indicate wear or damage that may be significant and might be a indicator that you should do oil analysis.

So in the end, no I do not think it is a waste of money.

Do most aircraft sell for base book value?

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 Question.  I have read your book *”How to Buy a Single Engine Airplane” and learned a great deal.  One question I have is that since you have done so many plane transactions, you made mention that you see most planes go close to the base retail price as noted on Vref? 
Is it still a buyer’s market? If that is still true, would a better deal be below base retail?  As I look at pre-owned planes I want to make sure I don’t pay too much.  Thanks for your advice if you have time to answer this email.
Answer. Thanks for the email. I personally think that it is still a buyer’s market.  I am still seeing a slight increase in sales, but the market still seems to be slower than it has been in years past.  I’ll guess that a lot of people have an opinion about this.  I also see a lot of prices when we are insuring aircraft purchases.  I try and keep an eye on the values of the new transaction and compare them to the book to see what the buyers are paying. And the underwriters will question a value that is too high or too low. 
Remember, this is my opinion about the market. 
I think that many of the aircraft advertised are overpriced and now that the investment and aviation markets seem to be growing again, the sellers are reluctant to lower their prices for a sale and risk losing money.   Additionally, fairly low interest rates will allow sellers to keep a higher price.  The sales pitch is that the payments will still be low.
My guess is that the seller will try and wait for the higher price BUT, even then, it appears that most of the aircraft end up selling for a price that is around the base values listed in the books.
The Vref base value takes into account the average number of hours that the aircraft should have on the airframe and engine at the time of sale.  The base price also includes a standard radio package for the model and an average condition.  That is probably representative of over 50 percent of the aircraft on the market.  So the base price is probably representative of over 50 percent of the aircraft for sale.  Sure, you can add for low engine time and low airframe, but it all seems to balance back towards the base price.  A plane with a low total time, say 1,500 hours, will get an increase in value for the hours.  But if the engine has 1,500 hours on it also (and a 2,000 TBO) the book will reduce the value for the engine hours over the halfway point of 1,000 hours.  Typically, the value of the engine per hour is higher than the airframe per hours.
Of course, if you have an aircraft that is loaded with all kinds of fancy modifications or avionics, the price will probably not be close to the base book values.  But on the average, basic book values are pretty close.

*The book “How to Buy a Single Engine Airplane” is out of print.  
But email me for a packet of buyers tips. 

The Largest Assembly of P-51 Mustangs to Fly in Over a Decade during the 43rd Annual SUN ‘n FUN International Fly-In & Exp

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The Largest Assembly of P-51 Mustangs to Fly in Over a Decade during the 43rdAnnual SUN ‘n FUN International Fly-In & Expo
(February 16, 2017 Lakeland, FL) Located at the Kissimmee-Gateway airport just outside Orlando, FL, Stallion 51 has long been noted as the nation’s premiere provider of transition training in the famous WWII-era fighter, the North American P-51 Mustang. A unique facility, Stallion 51’s expert staff teach owners and pilots of these historic war machines to operate them safely and efficiently in the modern age. Since Stallion 51 came into being they have attended the annual SUN ‘n FUN International Fly-In and Expo in Lakeland, bringing their stable of Mustangs to the Warbird Flight line with Mr. Mustang himself, Lee Lauderback flying his signature Solo Mustang Demo routine in the air show. This year, Stallion 51 is celebrating their 30th Anniversary, and they have invited their many Mustang friends to SUN ‘n FUN to help celebrate and commemorate the occasion. 
On Wednesday, April 5th, 2017 Stallion 51’s invited guests will arrive impressive formation for what is promising to be the largest assembly of P-51 Mustangs in over a decade.
“It’s been over a decade since the world has seen this many P-51 Mustangs in one place at one time,” said Greg Gibson, Air Operations Director for SUN ‘n FUN. “We have the honor of not only hosting them, but helping our friends at Stallion 51 celebrate their 30th anniversary.”
Not since the famous Gathering of Mustangs and Legends in 2007 in Dayton, Ohio has there been such a showing of the famous Warbird, and with over 7 acres of pristine apron space at the Lakeland Linder Regional Airport appropriately named “The Warbird Ramp”, the week-long SUN ‘n FUN Fly-In is the perfect venue for bringing this elite group together. Over 30 are expected, and the excitement over the arrival is building.
Gibson’s enthusiasm for the occasion is readily evident. “It’s a historic event, celebrating one of the most significant aircraft in history. To see them all together is overwhelming, but we have a real treat on Thursday for our SUN ‘n FUN guests: all of them will fly in the airshow at once!”
The flight demonstration will take place on Thursday, April 6th during the daily airshow, which begins around 2PM. This will coincide with the first appearance of the US Navy Blue Angels, scheduled to fly later that same day.
In 1987, Stallion 51 Corp. established itself as a unique aviation business that specializes in rare expensive vintage aircraft built on the dream and passion of the Lauderback brothers. Lee, Peter, Richard and John are the cornerstone of the Mustang world; restoring, operating and marketing the rarest of the breed. Thousands of people have shared the cockpit with founder and president, Lee Lauderback and his crew through the years, learning about the magic of the Merlin and the mystique behind the Mustang. At SUN ‘n FUN 2017, visitors will get to see the results of their passion as the thunder of Mustangs roar overhead in a spectacular display not to be missed.
For more information on this event, please contact Greg Gibson at GGibson@flysnf.org or call him at 863-644-2431. For more information on attending SUN ‘n FUN, please visit www.flysnf.org. For more information on Stallion 51, visit www.stallion51.com.

Photo credit to Stallion 51 –














Photo credit to Tony Granat Photography