18 Apr 2024, 23:04 [ UTC - 5; DST ]
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Post subject: Re: Eclipse takes a dive again Posted: 13 Oct 2018, 12:47 |
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Joined: 10/31/14 Posts: 534 Post Likes: +255
Aircraft: eclipse
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Username Protected wrote: Andy,
Because the offer was so unique I analyzed it very carefully as you might expect. I’m glad I did not buy it.
Hopefully this chapter 11 bankruptcy will result, one way or another, in a more stable parts supply for owners like yourself. Tony, Thanks My understand that the folks with the money to develop the 700 didn't want the existing debt or co-owners. This should clear the field and hopefully we will see the 700. And I wouldn't be surprised a 550 with Garmin's. A G550?
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Post subject: Re: Eclipse takes a dive again Posted: 31 Oct 2018, 10:28 |
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Joined: 09/02/09 Posts: 8448 Post Likes: +8426 Company: OAA Location: Oklahoma City - PWA/Calistoga KSTS
Aircraft: UMF3, UBF 2, P180 II
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Username Protected wrote: They announced their new plan today to sell refurbished Garmin G3000 used Eclipses.
Interesting strategy. Let the values of AOG and unsupported airplanes tank and then buy them up cheap, stick a new panel in them and sell them at a profit.
Any takers ready to send them a deposit? Until they turn loose of the parts control monopoly you’d have to be an incredible optimist (trying to be nice here) to buy one.
_________________ Travel Air B4000, Waco UBF2,UMF3,YMF5, UPF7,YKS 6, Fairchild 24W, Cessna 120 Never enough!
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Post subject: Re: Eclipse takes a dive again Posted: 31 Oct 2018, 15:37 |
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Joined: 01/29/08 Posts: 26431 Post Likes: +13066 Location: Walterboro, SC. KRBW
Aircraft: PC12NG
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Username Protected wrote: Seems like they should have done this years ago. +1 Why did it take so long to come up with this plan? That would have been step 1 for me.
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Post subject: Re: Eclipse takes a dive again Posted: 31 Oct 2018, 15:48 |
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Joined: 10/31/14 Posts: 534 Post Likes: +255
Aircraft: eclipse
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Username Protected wrote: They announced their new plan today to sell refurbished Garmin G3000 used Eclipses.
Interesting strategy. Let the values of AOG and unsupported airplanes tank and then buy them up cheap, stick a new panel in them and sell them at a profit.
Any takers ready to send them a deposit? Until they turn loose of the parts control monopoly you’d have to be an incredible optimist (trying to be nice here) to buy one.
Tony My experience is that I have had Aerosonic,IS&S and PS Enginerring fix parts for my plane. While you have to wait a couple of weeks for the repair it’s also less expensive than getting replacement parts from Eclipse
So in my experience what you refer to is way overblown.
I think you are drinking the TBM cool aid
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Post subject: Re: Eclipse takes a dive again Posted: 31 Oct 2018, 18:16 |
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Joined: 06/08/12 Posts: 12587 Post Likes: +5181 Company: Mayo Clinic Location: Rochester, MN
Aircraft: Planeless in RST
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Username Protected wrote: I sure wonder how different their story would be if they just started with a G1000 (or x000) in the first place... They would still be here and have made life a little t harder for Vision, etc. in car talk they call this NIH syndrome. For years, the Detroit car engineers, didn’t like it if it wasn’t invented here.... Eclipse formed by software guys who drank their own coolaid. What’s an eclipse go for these days? I know two owners. They are having a blast with them. They essentially treat them as throwaway planes if something major goes wrong. (They can both afford that attitude) So, for about 750 AMU you have a twin engine jet! I have about 50 hrs of right seat time in one. What a blast! The avionics.... pass.....
_________________ BFR 8/18; IPC 8/18
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Post subject: Re: Eclipse takes a dive again Posted: 31 Oct 2018, 18:24 |
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Joined: 01/29/08 Posts: 26431 Post Likes: +13066 Location: Walterboro, SC. KRBW
Aircraft: PC12NG
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Username Protected wrote: I sure wonder how different their story would be if they just started with a G1000 (or x000) in the first place... 100% they'd have been successful. I wanted to buy one back in 2008 until I got in there and saw that ridiculous AVEO avionics setup. I asked the salesman "why did they put this in here"? I was a noob at the time but had lots of G1000 and Avidyne time and knew that AVEO was a bad idea. Remember that tiny keyboard? What are you supposed to do with that? type? Ha.
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Post subject: Re: Eclipse takes a dive again Posted: 31 Oct 2018, 18:48 |
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Joined: 05/05/09 Posts: 4958 Post Likes: +4796
Aircraft: G44, C501, C55, R66
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Username Protected wrote: I sure wonder how different their story would be if they just started with a G1000 (or x000) in the first place... They would still be here and have made life a little t harder for Vision, etc. in car talk they call this NIH syndrome. For years, the Detroit car engineers, didn’t like it if it wasn’t invented here.... Eclipse formed by software guys who drank their own coolaid. What’s an eclipse go for these days? I know two owners. They are having a blast with them. They essentially treat them as throwaway planes if something major goes wrong. (They can both afford that attitude) So, for about 750 AMU you have a twin engine jet! I have about 50 hrs of right seat time in one. What a blast! The avionics.... pass.....
There's a broker that specializes in these things and I called about an IFMS with under 1000 hours, he was asking $899K. Oh, and it has a broken probe that they promise will be here in November. I would take a chance at $600K. The broker insisted that everyone is lining up to pay $900K for these and more or less laughed at my offer. No thanks; the 2 motors re probably worth $400K so they cannot be worth much more than that. That's the issue, you are 1 servo, 1 probe or 1 windshield away from having something you literally cannot fly until you find a part that is possibly impossible to obtain.
I got laughed at for buying an "unsupported" cheap Eclipse a few years ago. Here we are a few years later and they are all unsupported, even the "new" ones. I take no pride in that and hope there's a stable solution in the future for these guys. No ones wants to see expensive asset unusable or decline precipitously in value.
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Post subject: Re: Eclipse takes a dive again Posted: 01 Nov 2018, 07:32 |
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Joined: 10/31/14 Posts: 534 Post Likes: +255
Aircraft: eclipse
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Username Protected wrote: That's the issue, you are 1 servo, 1 probe or 1 windshield away from having something you literally cannot fly until you find a part that is possibly impossible to obtain.
I got laughed at for buying an "unsupported" cheap Eclipse a few years ago. Here we are a few years later and they are all unsupported, even the "new" ones. I take no pride in that and hope there's a stable solution in the future for these guys. No ones wants to see expensive asset unusable or decline precipitously in value. In the real world parts are available and planes are being supported and warranty and maintenance programs are still in effect. The biggest rub is the time to get some parts but that seems to be getting better. I am taking my plane to Boca on Monday for service and the costs will be covered by Eclipse
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Post subject: Re: Eclipse takes a dive again Posted: 01 Nov 2018, 08:43 |
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Joined: 09/02/09 Posts: 8448 Post Likes: +8426 Company: OAA Location: Oklahoma City - PWA/Calistoga KSTS
Aircraft: UMF3, UBF 2, P180 II
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Username Protected wrote: Until they turn loose of the parts control monopoly you’d have to be an incredible optimist (trying to be nice here) to buy one.
Tony My experience is that I have had Aerosonic,IS&S and PS Enginerring fix parts for my plane. While you have to wait a couple of weeks for the repair it’s also less expensive than getting replacement parts from Eclipse So in my experience what you refer to is way overblown. I think you are drinking the TBM cool aid
No. I read the probe, and similar, issues on EJOPA.
_________________ Travel Air B4000, Waco UBF2,UMF3,YMF5, UPF7,YKS 6, Fairchild 24W, Cessna 120 Never enough!
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