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19 Jul 2024, 13:32 [ UTC - 5; DST ]


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 Post subject: FS: MU-2 Auction N118P Current Bid (7/13/2024):”$22,750”
PostPosted: 13 Jul 2024, 00:30 
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Joined: 01/23/18
Posts: 684
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Aircraft: Aerostar
https://www.witcherfarms.com/auctions/6 ... te-auction

Right now $23K would buy it.

MU-2s are tough, maybe this is an opportunity.

It has older Garmin radios and -10 engines, with less than 2000 hours since O/H.

11 years ago, I bet this was a decent airplane.

Based on photographs, birds have been nesting in this plane.

Might need more than a little TLC to be made flyable.

Truck?

Parts….?

I’m sure there is a story here.


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 Post subject: Re: FS: MU-2 Auction N118P Current Bid (7/13/2024):”$22,750”
PostPosted: 13 Jul 2024, 11:37 
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Joined: 01/03/13
Posts: 720
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Location: Memphis
Aircraft: 1965 M20C
This airplane was tied up in a bankruptcy from 2021 until earlier this year, when the lender got permission to sell it. The loan balance is about $1.2 million. The auction has no reserve.


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 Post subject: Re: FS: MU-2 Auction N118P Current Bid (7/13/2024):”$22,750”
PostPosted: 13 Jul 2024, 17:36 
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Joined: 09/17/12
Posts: 376
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Location: Addison, TX (ADS)
Aircraft: 1977 Bonanza V35B
I'm intrigued by this, anyone here I should speak to who has MU2 experience to get me some ballpark numbers on what it'll take to get airworthy? Barring the engines, deice boots and the always risk of corrosion maybe I'm underthinking how much effort it would be to get it airworthy.


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 Post subject: Re: FS: MU-2 Auction N118P Current Bid (7/13/2024):”$22,750”
PostPosted: 13 Jul 2024, 18:05 
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Joined: 03/04/14
Posts: 1837
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Location: FREDERICKSBURG TX
Aircraft: MOONEY M20TN
Username Protected wrote:
https://www.witcherfarms.com/auctions/6233-mitsubishi-mu2b-aircraft-absolute-auction

Right now $23K would buy it.

MU-2s are tough, maybe this is an opportunity.

It has older Garmin radios and -10 engines, with less than 2000 hours since O/H.

11 years ago, I bet this was a decent airplane.

Based on photographs, birds have been nesting in this plane.

Might need more than a little TLC to be made flyable.

Truck?

Parts….?

I’m sure there is a story here.


Smart bidders aren't going to bid it up with more than two weeks to go. The last few minutes of the auction might be interesting. Very few things sell cheaply at an auction. Sometimes people get wrapped up in the excitement and spend more than it's worth. It's a good way to sell something though.


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 Post subject: Re: FS: MU-2 Auction N118P Current Bid (7/13/2024):”$22,750”
PostPosted: 13 Jul 2024, 18:17 
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Joined: 12/03/14
Posts: 19382
Post Likes: +23844
Company: Ciholas, Inc
Location: KEHR
Aircraft: C560V
Username Protected wrote:
I'm intrigued by this, anyone here I should speak to who has MU2 experience to get me some ballpark numbers on what it'll take to get airworthy? Barring the engines, deice boots and the always risk of corrosion maybe I'm underthinking how much effort it would be to get it airworthy.

Figure 6 months and $200K, if you are lucky.

Lots of ways to be unlucky, though.

Pay only as much as you think you can sell the parts for salvage.

No recent logs, too.

If this goes for over $100K, then someone is a fool, or they have looked at it very closely in person and made some solid assessments.

Mike C.

_________________
Email mikec (at) ciholas.com


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 Post subject: Re: FS: MU-2 Auction N118P Current Bid (7/13/2024):”$22,750”
PostPosted: 13 Jul 2024, 19:20 
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Joined: 01/19/16
Posts: 3539
Post Likes: +6172
Location: 13FA Earle Airpark FL/0A7 Hville NC
Aircraft: E33/152A
Username Protected wrote:
https://www.witcherfarms.com/auctions/6233-mitsubishi-mu2b-aircraft-absolute-auction

Right now $23K would buy it.

MU-2s are tough, maybe this is an opportunity.

It has older Garmin radios and -10 engines, with less than 2000 hours since O/H.

11 years ago, I bet this was a decent airplane.

Based on photographs, birds have been nesting in this plane.

Might need more than a little TLC to be made flyable.

Truck?

Parts….?

I’m sure there is a story here.


No-23k isn’t going to buy it. Add a zero and you will be closer.


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 Post subject: Re: FS: MU-2 Auction N118P Current Bid (7/13/2024):”$22,750”
PostPosted: 13 Jul 2024, 20:54 
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Joined: 09/17/12
Posts: 376
Post Likes: +93
Location: Addison, TX (ADS)
Aircraft: 1977 Bonanza V35B
Username Protected wrote:
No recent logs, too.

If this goes for over $100K, then someone is a fool, or they have looked at it very closely in person and made some solid assessments.

Mike C.


Okay, good to know when I'd cross the fools line. I don't think that much in logs are missing.

Flightaware is saying < 50 flights in the years since 2013 (last log entry) https://www.flightaware.com/live/flight ... istory/buy

And the last 100 hour was 07/2013 @ 718.4 hobbs and it's 806.7 so it may actually be complete logs best I can tell. I tried registering and viewing the documents tab and I haven't seen anything more than what's in the pictures.


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