WIX Archives
Re: Decisions
Posted by Tim Savage on Thu Dec 26, 2002 05:33:03 PM
In reply top Re: Decisions posted by david j burke on Thu Dec 26, 2002 01:58:32 PM
: Tim - My point is that from reading the article the implic
: ation is that if the crash had been a fatal one the would
: be very little impetus from the guys to have another go. T
: he various forums often say that the families are always i
: n favour of a aircraft going back in the air but that simp
: ly isn't true. Some do -some don't . It's something that c
: annot be taken for granted.
Agreed.
: Regards your Harpoon project yes it is sad that ther
: e
: isn't more interest in the type but in fairness maybe that
: will help get them preserved eventually rather than have
: them tied up in the hands of investors who will sit on the
: m.
Investors aren't the ones sittign on them. There is so little interest, there just isn't a market. They can be had in their condition for nearly nothing, but the costs to get them back in the air and licensed is very high.
: I looking at one recently in Portugal and hopefully soon t
: here might be a bit more interest in preserving some with
: former European operators.
: Regards the restoration of warbirds is worth noting
: the number that have been restored in the U.K and very sho
: rtly afterwards offeed for sale . Restoration for profit d
: oes exist and in many cases people can justify spending la
: rge sums over a long period to get a reasonable return
: rather than leave it in the building society at 4 percent.
I would argue that just because they are put on the market immediately after they are finished doesn't mean there is a profit...they might have just run out of money. I also have friends who enjoy the project more than the operation of the airplane and will probably sell their birds as soon as they are finished. If they can break even they will be lucky. I know that from personal experience.