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New York Citabria Deal being Finalized Found on Bellanca-Champion Club Fly Market Website (listed in Nov 2014) 12/14.

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Presentation on theme: "New York Citabria Deal being Finalized Found on Bellanca-Champion Club Fly Market Website (listed in Nov 2014) 12/14."— Presentation transcript:

1 New York Citabria Deal being Finalized Found on Bellanca-Champion Club Fly Market Website (listed in Nov 2014) 12/14

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5 Fuselage Repaint in 1998 (Photos of cosmetic paint coat cracking)

6 Comparison of Citabrias Comparative Value of Creve Coeur vs NY Plane 1975 7ECA1969 7ECA LocationGlens Falls, NYCreve Coeur+ $2,000 Total Time19403347- $1,400 SMOH200803- $6,000 Recent Engine Time50/yr10/yrHigher Risk Years since O/H420Higher Risk Metal WingYes --- Yrs Since Wing Instld213Less Depreciated 36 gal fuelYes --- 1,750 GWYes --- Larger StrutsYes --- SpadesYes --- Fuselage Fabric Age4013+ $5,000 Interior Age1713+ $500 Wheel PantsYes --- Nav/ComKing 155IC-A200+ $400 TransponderKT-76AGTX 320+ $400 GPS496No- $800 ParachutesNoYes+ $1,500 Canopy CoverYesNo- $200 AnnualFreshNeeds+ $600 Damage HistoryNo --- Total+ $2.000 Price$46,900$58,900- $12,000 Ignoring Purchase Price, plus’s & minus’s balance out Except for High Risk Engine Travel to Check- Out and Fly it back 900 miles

7 New York Plane Negotiations I've had an e-mail dialogue with the owner of the Citabria in eastern NY. His plane has quite a few items that make it more valuable than John Teipen's. Saturday, I sent the following to this owner: "Your 7ECA seems very nice. My main concern is how long before the fuselage fabric needs to be replaced. When our club voted to add a Citabria, we had planned on one in the $40 - $45K range. We've been watching the metal spar Citabria market and in the last month have seen a 7GCAA (880 SMOH) sell for just over $40K and a 7ECA (680 SMOH) sell for $36K. Yours does have lower engine time but we need to find one closer to our price range. The logistics of closing the sale and relocating the airplane over 900 miles in the Winter seems problematic also. So unfortunately, I don't believe we will be able make you a high enough offer to make you part with your Citabria." I received the following response from him: Mike, My partner and I agreed over the weekend to propose a $46,900 sale price to you. I understand your question about the fabric but it's integrity has never been an issue in previous inspections. Regarding logistics, there are ways of mitigating those expenses. Anyhow, we want you to know our (surprising, to me) bottom line. Good luck with your search. Steve So, we have one Citabria (900 miles away, low time, 200 hs & 4 years SMOH, w/GPS, some fuselage paint cracking, 2 yrs since wing replacement) for $46.900 (a $10K reduction) and another one (local, 800 SMOH, engine concerns, great fabric, 13 years since wing replacement) for $58,500. Can we get John down $15,000? Do we want to authorize a 2 club member road trip to bring home a plane?

8 NY Citabria has Better EW Center of Gravity Example 1: Minimum front seat pilot weight for Pic to Instruct Aerobatics from Rear Seat Example 2: Maximum front seat pilot weight for Pic to Instruct Aerobatics from Rear Seat WeightArmMoment WeightArmMoment Empty Weight1,17612.014064.7Empty Weight1,17612.014064.7 Oil11-36.0-405.0Oil11-36.0-405.0 Front Seat16011.51840.0Front Seat22811.52622.0 Fuel12024.52940.0Fuel12024.52940.0 Rear Seat21542.09030.0Rear Seat21542.09030.0 Total1,68216.327469.7Total1,75016.128251.7 Example 3: Maximum front seat pilot weight for Pic to Instruct from Rear Seat w/20 gal Fuel Example 4: Maximum front seat pilot weight for Pic to Instruct from Rear Seat w/full Fuel WeightArmMomentWeightArmMoment Empty Weight1,17612.014064.7Empty Weight1,17612.014064.7 Oil11-36.0-405.0Oil11-36.0-405.0 Front Seat24311.52794.5Front Seat15311.51759.5 Fuel12024.52940.0Fuel21024.55145.0 Rear Seat20042.08400.0Rear Seat20042.08400.0 Total1,75015.927794.2Total1,75016.628964.2 Aerobatic Arm limit16.3 Gross Weight limit1,75018.2


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