Club Aircraft
KOT
The club has ordered a new engine for KOT and it is expected that it will be installed within a couple of months. We have chosen to obtain the upgrade to 180hp and get a factory remanufactured engine rather than just get the current one overhauled in Australia. The upgrade in power will add significantly to the utility of KOT as it will gain the ability to carry an extra person while still operating with full or nearly full fuel tanks.
We have been fortunate in obtaining the engine at a favourable price because the quote we obtained was at the very peak of favourable exchange rates with the $US. The club has funds set aside for replacement of engines and we are in a position to pay cash for it.
KSR
We have had long discussions together with our maintenance organisation on what to do about refurbishing KSR. Whilst it has high hours it is still a very sound and useful aircraft but we have been very strongly advised that it needs a significant refurbishment in order to keep it that way. We are not in a financial position where we could purchase a much newer aircraft even if we got a very good price for selling KSR (which is most unlikely).
We have made a decision to go ahead with refurbishment. This will entail a complete strip of all paint, attention to all areas of possible corrosion, total repaint, replacement of wiring and an upgrade of the audio panel and avionics. Whilst expensive, this will give us an aircraft that looks and functions almost like new and we expect that we will get rid of those niggly little problems that occur in the electrics and electronics all too frequently.
We expect this aircraft to still give many more thousands of hours of service once it has been brought up to a high standard of condition. Economically, it is cheaper to do this than to purchase a much newer (but still second hand) aircraft and we can be sure that our aircraft is in top condition whereas another secondhand aircraft though newer may have some unknowns. Our advice is that, should a buyer come forward (eg the Indonesians) and if we wanted to sell it, the value of the aircraft would be increased by at at least an equivalent amount to the cost of refurbishment.
The club has the funds to do this and we would fully expect that the additional expenditure would be more than justified by future income from this, our most economical and best income earning aircraft.
Sportcruiser
A major cost of running an aircraft is fuel.There are other factors to consider of course, but a fairly general rule of thumb for the cost of running an aircraft is 3 times the cost of fuel. I've owned an aircraft for 39 years now and this formula has held more or less true over all that time with various aircraft but fuel is now becoming a higher proportion of the cost and this is likely to get worse. RAA aircraft should provide some relief in costs if we can swing at least some of our training for all pilots into them. This is why we are still seriously considering training in RAA aircraft and expanding the RAA role. There is some question as to whether the Sportcruiser is the best aircraft for initial training.
Peter Milne has conducted an analysis of the usage of this aircraft and its training utilisation. We will be considering this over the next month or two and making a decision as to the best way to proceed with RAA training and flying.
Whilst the club is based in controlled airspace and rules remain as they are now, our end focus will continue to be on GA flying but if we can cut the overall cost of a GA licence by doing a substantial portion of training in RAA then this should be pursued.
|