User Panel
User Panel
User Panel
|
Posted: 4/4/2015 11:00:17 AM EDT
My Dad and I spent 10 years building this Lancair 4P. We started in 1999, We took a year off to build our hanger out at Front Range Airport KFTG.
It was Dad's dream to finish this beautiful aircraft and the happiest moment of my life was the first time we went up together in 2011. My father passed away just over a year after we finished and only 6 months after his retirement from the Denver Fire Department. The anniversary of his passing was a week ago and my sisters and I have finally made the decision to sell Dad's plane. It breaks my heart to know I will never get the chance to fly her to Oshkosh where I wanted to spread Dad's ashes. I wish I was at a different place in my life to where I could afford to fly her and enjoy her the way I did when Dad was alive. If anyone still has the opportunity to enjoy flying with their parents I would hope you go at every chance you get. I never would have guessed that the last time I flew with Dad would be the LAST time. 
I miss you Dad. http://www.ar15.com/forums/t_1_5/1444960_For_post_556_I_thought_i_would_share_a_memory.html |
|
|
|
Posted: 4/4/2015 12:46:46 PM EDT
[#1]
That is a gorgeous aircraft if you can hold onto it I would. For sure you will come to regret selling it. My dad had a 67 Chevelle SS396 that he bought new in 67. After going through 3 kids driving it and numerous wrecks 30 years later he was getting rid of it. One of the worse decisions I ever made was not taking the Chevelle and restoring it. It was eventually bought and restored by a local and I still see it once in a while and it hurts.
Vince |
|
|
|
Posted: 4/4/2015 3:16:07 PM EDT
[#2]
Quote HistoryQuoted:
That is a gorgeous aircraft if you can hold onto it I would. For sure you will come to regret selling it. My dad had a 67 Chevelle SS396 that he bought new in 67. After going through 3 kids driving it and numerous wrecks 30 years later he was getting rid of it. One of the worse decisions I ever made was not taking the Chevelle and restoring it. It was eventually bought and restored by a local and I still see it once in a while and it hurts. Vince It is a plane that needs to be flown and unfortunately I am just not at a place in my life that I can afford it. The other problem is that it was left to me and my 3 sisters so they have a say in it as well. They have never been into flying like my Dad and I where. I know it means a lot to them too it's just different for me. They want to take the money from the sale and buy something that reminds them of Dad and I wan the plane because to me that IS my Dad. Believe me though, I know what you are saying. |
|
|
|
Posted: 4/4/2015 3:39:29 PM EDT
[#3]
I hope it can remain in the family. I can't predict where mine will end up but wonder often.
I spread some ashes last year at OSH. It must happen all the time... |
|
|
|
Posted: 4/4/2015 8:20:23 PM EDT
[#4]
Do not sell that plane.
Find a local CFI or MX shop willing to come exercise it once a month. |
|
|
|
Posted: 4/4/2015 10:13:21 PM EDT
[#5]
That thing looks fun. Where is it based?
|
|
|
|
Posted: 4/4/2015 10:19:00 PM EDT
[#6]
I didn't get the chance to fly with
my dad before he passed. He gave me the gift of flight with a pilot friend of his when I was 6. I never forgot it & at 51, I have finally made it. I built a Just Aircraft Highlander and flew if for the first time last fall & flew it to my home airport, 12-31. My son's first ride was in a Robinson, when he was 6, and some fixed wing since then with a good friend of mine. I'm still in phase one, but I told him I would start teaching him to fly when I get my 40 hours in. Share the gift of flight any time you can. God Speed. John 
|
|
|
|
Posted: 4/6/2015 9:36:06 AM EDT
[#7]
Quote HistoryQuoted:
Do not sell that plane. Find a local CFI or MX shop willing to come exercise it once a month. This. Struggling CFIs will trip over themselves to 1) get free hours 2) get to fly that plane You need the plane to be flown, CFIs need to build time. Win win |
|
|
|
Posted: 4/6/2015 11:45:38 AM EDT
[#8]
Quote HistoryQuoted:
This. Struggling CFIs will trip over themselves to 1) get free hours 2) get to fly that plane Quote HistoryQuoted:
Quoted:
Do not sell that plane. Find a local CFI or MX shop willing to come exercise it once a month. This. Struggling CFIs will trip over themselves to 1) get free hours 2) get to fly that plane It is the last thing I want to do but unfortunately like I said, The decision is not just mine. I know people would love to fly it and I go up with a guy at the airport that helped us wire the panel every chance I get. When I sit down and think about it logically I realize that my Dad spend 20 years getting himself financially prepared for this aircraft and I know that I am not there. Maintenance, Fuel, Insurance, Fuel. She is a very thirsty rocket ship. I hope we find a good buyer who understands what went into the build and how much she means to me. If I could fine a local buyer that would be great. If I ever get the chance to buy her back later in life I will. I know the chances are slim. 
|
|
|
|
Posted: 4/6/2015 12:26:18 PM EDT
[#9]
Could you just sell some partnerships in it? Maybe a couple of 25% shares and keep 50% for your family?
|
|
|
|
Posted: 4/6/2015 12:50:08 PM EDT
[#10]
Quote HistoryQuoted:
Could you just sell some partnerships in it? Maybe a couple of 25% shares and keep 50% for your family? Definitely being considered. Just a matter of finding people in the right place. |
|
|
|
Posted: 4/7/2015 7:24:56 AM EDT
[#11]
Quote HistoryQuoted:
If I could fine a local buyer that would be great. If I ever get the chance to buy her back later in life I will. I know the chances are slim.
It happens more often than you think. Keep your chin up. |
|
|
|
Posted: 4/7/2015 7:34:59 AM EDT
[#12]
It may sound farfetched at first but there is a way. Not for everyone. I'm with the Texas air museum Caprock chapter. We have 3 flying aircraft that were donated on permanent loan , mostly by elderly pilots who know they will never get they're medical back. The aircraft remain In our care, receiving annual maintenance and flown and insured by us. In some instances a contract stating that it will not be sold for x ammount of years with donar buyback option is drafted. The incentive comes in the form of a tax exemption for such a large donation. I am only a member and the senior member of course Handle these deals. I could try to find info if wanted. I'm not sure of the value of your particular aircraft. But let's just say 180k since its a flying lancair. Not a bad tax cut between 3 people. And your aircraft could potentially stay local where you could show your children and even fly it . Food for thought. I understand your connection with this hot rod bird. I managed an avionics shop for years down here and have been a museum member since 2007. My wife and I were married at the museum, with my father's Stinson reliant in the background.
|
|
|
|
Posted: 4/7/2015 7:37:45 PM EDT
[#13]
Damn, that thing looks fast just sitting there. Do you know what the 75% cruise speed is?
|
|
|
|
Posted: 4/7/2015 8:22:18 PM EDT
[#14]
Quote HistoryQuoted: Damn, that thing looks fast just sitting there. Do you know what the 75% cruise speed is? |
|
|
|
Posted: 4/7/2015 8:38:22 PM EDT
[#15]
Yup, hot rod little bird. The one I flew rotated at about 80 and came across the numbers at 120, pretty sweet. A buddy of mine has the turbine lancair. 350 miles an hour. Monster homebuilts those lance air's , your father had excellent taste.
|
|
|
|
Posted: 4/8/2015 1:43:49 AM EDT
[#16]
Quote HistoryQuoted:
I think the cruise speed on the 4p is around 220kts @ FL 240. Quote HistoryQuoted:
Quoted:
Damn, that thing looks fast just sitting there. Do you know what the 75% cruise speed is? We had a bad ass engine built by a company called performance engines in California. At altitude running lean of peak (18.1GPH / 32.5inHg) we get right at 240kts. Fastest ground speed i ever saw was just under 400mph with a hell of a tailwind up around FL 220 on the way back from Salt Lake City. She can be rather slippery. Really gota watch your speed when on approach, speed brakes area a life saver. We come over the numbers right around 110kts. Landing took me a while to get used to, things happen really fast at speeds like that. |
|
|
|
Posted: 4/8/2015 10:35:09 AM EDT
[#17]
I noticed in some of the pics that you posted the interior was not finished, is that still the case?
Vince |
|
|
|
Posted: 4/8/2015 2:40:16 PM EDT
[#18]
Quote HistoryQuoted:
I noticed in some of the pics that you posted the interior was not finished, is that still the case? Vince Yes, We upholstered the front seats but that was it. Right around the time Dad passed it was supposed to be headed to the upholstery shop to get an interior. For now we have decided to leave it raw just because a buyer may not like what we like for the interior. |
|
|
|
Posted: 4/10/2015 9:15:21 AM EDT
[#19]
Quote HistoryQuoted:
Do not sell that plane. Find a local CFI or MX shop willing to come exercise it once a month. Find a way to lease it and generate some income from it. If that can't pay for maintenance costs in a year then re-assess |
|
|
|
Posted: 4/11/2015 1:00:20 PM EDT
[#20]
Quote HistoryQuoted:
Yes, We upholstered the front seats but that was it. Right around the time Dad passed it was supposed to be headed to the upholstery shop to get an interior. For now we have decided to leave it raw just because a buyer may not like what we like for the interior. Quote HistoryQuoted:
Quoted:
I noticed in some of the pics that you posted the interior was not finished, is that still the case? Vince Yes, We upholstered the front seats but that was it. Right around the time Dad passed it was supposed to be headed to the upholstery shop to get an interior. For now we have decided to leave it raw just because a buyer may not like what we like for the interior. Where is it listed for sale? |
|
|
|
Posted: 4/11/2015 2:12:59 PM EDT
[#21]
Listing is not active yet.will be going up on trade a plane and barnstormers in about a week.
|
|
|
|
Posted: 4/17/2015 10:41:16 PM EDT
[#22]
Huge mistake to sell that plane. I don't care what your "family" says, they don't appreciate what they have there. You will regret this.
|
|
|
|
Posted: 4/19/2015 8:57:20 AM EDT
[#23]
Quote HistoryQuoted:
Huge mistake to sell that plane. I don't care what your "family" says, they don't appreciate what they have there. You will regret this. You act like he has a choice when there are other owners. |
|
|
|
Posted: 4/19/2015 1:07:19 PM EDT
[#24]
Quote HistoryQuoted:
You act like he has a choice when there are other owners. Quote HistoryQuoted:
Quoted:
Huge mistake to sell that plane. I don't care what your "family" says, they don't appreciate what they have there. You will regret this. You act like he has a choice when there are other owners. Whatever it takes, either buy out the other family members, lease/rent it out to other pilots or a school, or refuse to sign off on a sale (assuming all family members would be required to agree on the sale). He will never get another chance to own the plane he helped his dad build. This is a once in a lifetime situation and all options need to be considered. Even if he lets it sit for a decade, he will still have it available to refurb and get into flying condition at some point in the future. Once it is sold he will regret it at some point in the future. |
|
|
|
Posted: 4/19/2015 1:47:18 PM EDT
[#25]
Quote HistoryQuoted:
Whatever it takes, either buy out the other family members, lease/rent it out to other pilots or a school, or refuse to sign off on a sale (assuming all family members would be required to agree on the sale). He will never get another chance to own the plane he helped his dad build. This is a once in a lifetime situation and all options need to be considered. Even if he lets it sit for a decade, he will still have it available to refurb and get into flying condition at some point in the future. Once it is sold he will regret it at some point in the future. Quote HistoryQuoted:
Quoted:
Quoted:
Huge mistake to sell that plane. I don't care what your "family" says, they don't appreciate what they have there. You will regret this. You act like he has a choice when there are other owners. Whatever it takes, either buy out the other family members, lease/rent it out to other pilots or a school, or refuse to sign off on a sale (assuming all family members would be required to agree on the sale). He will never get another chance to own the plane he helped his dad build. This is a once in a lifetime situation and all options need to be considered. Even if he lets it sit for a decade, he will still have it available to refurb and get into flying condition at some point in the future. Once it is sold he will regret it at some point in the future. I am working on a possible option. I am talking with two gentlemen at the airport that may be interested in a partnership. It is true that I am only 25% of this disicion but I will do whatever I can. |
|
|
|
Posted: 4/21/2015 11:10:57 AM EDT
[#26]
Quote HistoryQuoted:
I am working on a possible option. I am talking with two gentlemen at the airport that may be interested in a partnership. Excellent, please keep us updated. |
|
|
|
Posted: 4/23/2015 5:48:33 PM EDT
[#27]
really nice plane and I hope you can figure out a way to keep it. I think the partnership option makes total sense on a plane like that. There are probably lots of business pilots or well off pilots that are looking for a faster ride that would jump on a reasonable partnership. Just make sure you get help and write up a detailed agreement. I have a buddy who does this with his 182 and it has worked out very well for him for about 10 years now.
|
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
