Dave Siciliano
Final Approach
Well, we received the executed contract last week to purchase the pressurized Baron. The seller delivered the plane to our mechanic at Tomlinson Aviation in Gainesville, Texas yesterday along with the log books. Tomlinson will do the airframe and engine inspections. We provided them an annual checklist for the 58P from ABS to use as a guide. I'll hop up there with my partner and peruse the logs and make notes. We've run a title check of ownership from the factory to current sellers and checked liens. The Escrow company checked the FAA and NTSB data base for accidents/incidents and STCs. So far, all is well. The gentleman selling is an ABS member which provides some commonality. Good broker involved.
We test flew the plane two weeks ago. Now, we're just checking things. Financing is arranged with documents on the way. LLC formed and my partner and I have agreed on many substantial points including a buy/sell agreement. Extending my hanger lease as we speak.
After Tomlinson is complete, we will discuss squawks with the seller. If they exceed $5,000, seller may terminate or complete the sale with a price adjustment or by fixing. Next, we will do another test flight with the GAMI folks to see how fuel flows and engine baffling is set up.
Then down to Flight Electronics to test all the avionics gear.
When all that is complete, we should close.
Meanwhile, I'm delivering my plane (the A-36) to a shop in TVR (Louisiana) for a pre-buy. One of the guys on the Bonanza Net has a partner in an A-36 that wanted his own. After a lot of pics were exchanges, info on the plane and discussion about conditions, he agreed to a price subject to a test flight and pre-buy. We'll test fly it and if he likes it, leave it as his shop tomorrow. Have about five or six other folks that have in interest in the plane if it doesn't sell but haven't gotten serious with any of 'em.
Guess we'll see!!
Best,
Dave
We test flew the plane two weeks ago. Now, we're just checking things. Financing is arranged with documents on the way. LLC formed and my partner and I have agreed on many substantial points including a buy/sell agreement. Extending my hanger lease as we speak.
After Tomlinson is complete, we will discuss squawks with the seller. If they exceed $5,000, seller may terminate or complete the sale with a price adjustment or by fixing. Next, we will do another test flight with the GAMI folks to see how fuel flows and engine baffling is set up.
Then down to Flight Electronics to test all the avionics gear.
When all that is complete, we should close.
Meanwhile, I'm delivering my plane (the A-36) to a shop in TVR (Louisiana) for a pre-buy. One of the guys on the Bonanza Net has a partner in an A-36 that wanted his own. After a lot of pics were exchanges, info on the plane and discussion about conditions, he agreed to a price subject to a test flight and pre-buy. We'll test fly it and if he likes it, leave it as his shop tomorrow. Have about five or six other folks that have in interest in the plane if it doesn't sell but haven't gotten serious with any of 'em.
Guess we'll see!!
Best,
Dave