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 Post subject: What's wrong with this MU 2B for $275K?
PostPosted: 01 Mar 2016, 23:55 
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This seems like a lot of plane for the price.

http://www.controller.com/listings/aircraft/for-sale/1375561/1969-mitsubishi-mu-2b

--paul


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Last edited on 02 Mar 2016, 00:34, edited 1 time in total.

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 Post subject: Re: What's wrong with this MU 2B for $275K?
PostPosted: 02 Mar 2016, 00:03 
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Nothing.

It's an F model which has the -1 engines that have essentially no flat rating. It's a 260kt high teens/low flight level cruiser as opposed to the FL250/300kt that other MU2's give.

It also is very close to HSI on one engine and not too far on the other.

The owner has been semi-selling for 4 years, but was asking around $350 I think. At $275 I bet it sells.


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 Post subject: Re: What's wrong with this MU 2B for $275K?
PostPosted: 02 Mar 2016, 00:10 
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Charles,

I'd bet your $275K is high for a selling price. One can buy a extremely nice MU2 for $300K.

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 Post subject: Re: What's wrong with this MU 2B for $275K?
PostPosted: 02 Mar 2016, 00:12 
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Yea, so 600pph for 260k cruise with a $80k +/- hot section coming in the next 500 hrs..

Maybe Randy can chime in...

thanks,

--paul


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 Post subject: Re: What's wrong with this MU 2B for $275K?
PostPosted: 02 Mar 2016, 00:22 
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It's a nice plane and those earlier models are good, they just don't have the performance of the later, -10 models. Interiors of all short body MU-2s are the same (all long bodies are the same as each other as well). Biggest difference with the earlier models is performance (speed and altitude). Think of the earlier model MU-2s as being comparable to a KA90 -- about a 250 kt airplane. The later model MU-2s are more like a KA200 and roughly 300 kt airplanes.

Challenge on this plane is not only the HSI coming due but also the total airframe hours. At 7500 hours it hits the 7500 hour inspection and then goes into the recurring 1000 hour inspection (8500, 9500, 10500....). The 7500 hour inspection is the closest thing the MU-2 has to some of the high dollar SID/aging airframe inspections that have plagued the old King Airs and Cessna 400 series planes.


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 Post subject: Re: What's wrong with this MU 2B for $275K?
PostPosted: 02 Mar 2016, 02:42 
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This is not a 600pph engine except in climb. More like a 400pph at the most in cruise. The -1's are pretty fuel efficient still. They have reasonably good parts availability. The hot section could be anywhere between $20K to $80K, but will probably be in the $50K region. After a hot section, you could probably run this over TBO until next HSI (as many TPE's have 7000hr extensions), so the cost per hour is no more than a piston engine would be.

Could be a sweet plane for a part 91 owner.

Here's a shot of my buddy's Commander with the -1 engine. Cruise here was around 240kts at 16000ft and as you can see, they burn around 54gal/hr. Up higher this aircraft will do 255kts on around 58gal/hr.


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 Post subject: Re: What's wrong with this MU 2B for $275K?
PostPosted: 02 Mar 2016, 11:17 
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Username Protected wrote:
Charles,

I'd bet your $275K is high for a selling price. One can buy a extremely nice MU2 for $300K.


I'll let others chip in ... and depends how you define extremely nice ... but if you mean glass panel, low-time -10 engines, good mx history and good cosmetics, I think you're a couple suitcases of cash short at $300K.


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 Post subject: Re: What's wrong with this MU 2B for $275K?
PostPosted: 02 Mar 2016, 11:19 
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Username Protected wrote:
Yea, so 600pph for 260k cruise with a $80k +/- hot section coming in the next 500 hrs..

Maybe Randy can chime in...

thanks,

--paul


More like 300+ pph (for the pair) in cruise. The -1 is quite an efficient little engine.


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 Post subject: Re: What's wrong with this MU 2B for $275K?
PostPosted: 02 Mar 2016, 11:21 
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The F models also have some Version 1.0 issues that got improved/standardized later on. Nothing dramatic, but in terms of training/support/etc they're not quite normal. Don't take this as criticism - I want an F model :)


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 Post subject: Re: What's wrong with this MU 2B for $275K?
PostPosted: 02 Mar 2016, 17:49 
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Yeah that impending 7500 inspection and Hot section makes it a tough sale.
I wonder what MHIA's offer on the plane is.

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 Post subject: Re: What's wrong with this MU 2B for $275K?
PostPosted: 02 Mar 2016, 18:05 
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Username Protected wrote:
I wonder what MHIA's offer on the plane is.


Explain this more please


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 Post subject: Re: What's wrong with this MU 2B for $275K?
PostPosted: 02 Mar 2016, 19:27 
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Username Protected wrote:
I wonder what MHIA's offer on the plane is.


Explain this more please


In some cases with the very old models, Mitsubishi is buying them up as the active fleet goes to effectively zero so that they can close them up. Note this is NOT like what Beech did to the Starship or how they abandoned support on the Beechjet. I believe that there was only one MU-2 "B" model left in the fleet (the Bs were the first models and built in '67). When it came up for sale about 2-3 years ago, MHIA bought it and decommissioned it. Buy doing so they eliminated their need to provide support for an entire model literally to keep one single almost 50 year old airframe flying....

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 Post subject: Re: What's wrong with this MU 2B for $275K?
PostPosted: 02 Mar 2016, 19:28 
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Username Protected wrote:
I wonder what MHIA's offer on the plane is.

Explain this more please

From what I am told: Mitsubishi Heavy Industries (MHI) has been quietly acquiring many of the much older airframes and retiring them. Many good parts. Much old engines and avionics.
They have pledged to support the Mu2 as long as they are flying and they spend great sums of money doing this with safety seminars and parts and all the crap they mail me every single day...
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 Post subject: Re: What's wrong with this MU 2B for $275K?
PostPosted: 02 Mar 2016, 20:19 
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This is the polar opposite to Eclipse Jet support? Amazing company this Mitsubishi appears although I don't want one of their crappy cars!


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 Post subject: Re: What's wrong with this MU 2B for $275K?
PostPosted: 02 Mar 2016, 23:18 
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This is a good buy for anyone looking to move to an entry level turbine. The panel alone is a gift. Don't let the 7500 hr inspection scare you. Wing de-mate should be a relatively low time exercise and an invitation to have a 100% airframe for years to come.

How many years does it take to accumulate 1,000 hrs for the average owner flown turbine at 260 kts and 75-100 hrs/yr? I'll bet its more than 2 owners worth of time...

This one should sell quickly. :) Get a good pre-buy @ IJSC :)

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