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 Post subject: Re: Considering a CJ partnership
PostPosted: 17 Aug 2015, 17:24 
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Value of recently completed inspections, etc.


Yeah, with inspections just completed. Was that because of the hours and calendar time it just experienced?
Or is it for the next block of hours and calendar time it is yet to experience? And hence an asset.

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 Post subject: Re: Considering a CJ partnership
PostPosted: 17 Aug 2015, 18:13 
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Company: Real Estate development
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Username Protected wrote:
Value of recently completed inspections, etc.


Yeah, with inspections just completed. Was that because of the hours and calendar time it just experienced?
Or is it for the next block of hours and calendar time it is yet to experience? And hence an asset.


John: some of these phase inspections can be pretty expensive; can be calendar or time. The Phase V on the Citations is a biggie for instance. Let's say it's $50,000 and is due every xxx hours or three years. If it was just done, that would be positive. If it's coming up and not reserved, a bit negative. There is also a benefit to stepping right into a partnership with an airworthy plane. No pre-buy, shopping, contracting, etc. I would let them explain why the value is what it is. Seems to be quite a bit more than the appraised value; so, let them lay out why. Then, you're in a position to make a judgement.
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 Post subject: Re: Considering a CJ partnership
PostPosted: 17 Aug 2015, 18:15 
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Location: Jackson, MS (KHKS)
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If my experience with lesser partnerships is any guide the reason is they're delusional.


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 Post subject: Re: Considering a CJ partnership
PostPosted: 17 Aug 2015, 18:18 
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Username Protected wrote:
If my experience with lesser partnerships is any guide the reason is they're delusional.


Agree. Getting them to quantify may point that out, or not ;)

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Dave Siciliano, ATP


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 Post subject: Re: Considering a CJ partnership
PostPosted: 17 Aug 2015, 20:32 
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Joined: 11/25/11
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Location: KGNF, Grenada, MS
Aircraft: Baron, 180,195,J-3
I am not judging what someone else wants to do, but!

Personally, I'd rather solely own a 1960 Skyhawk than have a partner in a "name any airplane here".

Like I said, just my personal preference.

Jg

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 Post subject: Re: Considering a CJ partnership
PostPosted: 17 Aug 2015, 20:58 
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Joined: 01/29/08
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Location: Walterboro, SC. KRBW
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I remember when I had my Bonanza, TBM tried launching a fractional program whereby they'd get 3 people to buy in to a TBM 850 and they'd shuttle it around to the different owners to use.

I called the TBM salesman and explain my situation. The salesman said "Hell son, I'd rather have my own Bonanza than share a TBM with 2 other guys". So he talked me right out of it. Always thought that was funny.


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 Post subject: Re: Considering a CJ partnership
PostPosted: 17 Aug 2015, 23:34 
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Username Protected wrote:
I remember when I had my Bonanza, TBM tried launching a fractional program whereby they'd get 3 people to buy in to a TBM 850 and they'd shuttle it around to the different owners to use.

I called the TBM salesman and explain my situation. The salesman said "Hell son, I'd rather have my own Bonanza than share a TBM with 2 other guys". So he talked me right out of it. Always thought that was funny.


I'm guessing his career was a short one.


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 Post subject: Re: Considering a CJ partnership
PostPosted: 18 Aug 2015, 00:01 
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Great ideas on how to flush out the price and exit. The more I read, the more I will consider only a lease.

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John Lockhart
Phoenix, AZ
Ridgway, CO


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 Post subject: Re: Considering a CJ partnership
PostPosted: 18 Aug 2015, 08:07 
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Location: Frederick , MD (KHGR)
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Most important part is how to get out of partnership if it doesn't work out.

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Tim
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 Post subject: Re: Considering a CJ partnership
PostPosted: 19 Aug 2015, 20:10 
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Username Protected wrote:
I remember when I had my Bonanza, TBM tried launching a fractional program whereby they'd get 3 people to buy in to a TBM 850 and they'd shuttle it around to the different owners to use.

I called the TBM salesman and explain my situation. The salesman said "Hell son, I'd rather have my own Bonanza than share a TBM with 2 other guys". So he talked me right out of it. Always thought that was funny.


I'm guessing his career was a short one.


Andrew,

I'm betting his career was exceptional. Several times in my business career, I ran into an informed, honest person who steered me away from a product or idea to his detriment. I didn't forget that person and when his product was a good fit, he had NO competition.

I suppose Jason could reconnect and find out.

Jgreen
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 Post subject: Re: Considering a CJ partnership
PostPosted: 29 Aug 2015, 10:09 
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John,

Something interesting you might want to consider. I've been in touch with Tamarack and Cessna for a while about TAG's active winglets for the CJ's (1 through 3). The winglets are close to certification (Q4-2015) so close to becoming a reality. Cessna has signed a deal with them to be the exclusive installer/reseller (something that speaks volumes about the solution).

They are going to be certified by EASA first (since they have more experience with load alleviation technology because of Airbus) and FAA certification should follow within a couple of months. Preliminary data shows this will be a game changer for the 525 lineup as it may add about 20% more range. The improvement comes from faster climbs (20 min to FL400) and slightly faster speeds at altitude with lower fuel burn. Because of the load alleviation surfaces (what makes them active vs. passive), there is no penalty in having to beef up the wings which would reduce payload. They boast 900# the first hour and 600# for every hour after that which from my numbers would extend the range by 200-300 nm.

This is a pirep from John Hammill (a fellow CJ owner) who recently flew the TAG airplane:

"Climbing to FL 400 in 20 min. and maintaining 1000 ft. per minute climb though the last 1000 ft. of climb was most impressive. In my CJ1, I fly in the FL 390 – 410 range quite often and normally take 40 - 45 minutes to get there, usually requiring an intermediate stop for a couple of minutes along the way."

All preliminary for now, but worth watching - http://www.tamarackaero.com/winglet-faq.html.


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 Post subject: Re: Considering a CJ partnership
PostPosted: 29 Aug 2015, 10:17 
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Joined: 05/29/13
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Company: Easy Ice, LLC
Location: Marquette, Michigan; Scottsdale, AZ, Telluride
Aircraft: C510,C185,C310,R66
Username Protected wrote:
John,

Something interesting you might want to consider. I've been in touch with Tamarack and Cessna for a while about TAG's active winglets for the CJ's (1 through 3). The winglets are close to certification (Q4-2015) so close to becoming a reality. Cessna has signed a deal with them to be the exclusive installer/reseller (something that speaks volumes about the solution).

They are going to be certified by EASA first (since they have more experience with load alleviation technology because of Airbus) and FAA certification should follow within a couple of months. Preliminary data shows this will be a game changer for the 525 lineup as it may add about 20% more range. The improvement comes from faster climbs (20 min to FL400) and slightly faster speeds at altitude with lower fuel burn. Because of the load alleviation surfaces (what makes them active vs. passive), there is no penalty in having to beef up the wings which would reduce payload. They boast 900# the first hour and 600# for every hour after that which from my numbers would extend the range by 200-300 nm.

All preliminary for now, but worth watching - http://www.tamarackaero.com/winglet-faq.html.


How have you been enjoying the CJ? Not even six months into it you are looking for ways to go higher faster and improve range.

If we're only as simple as buying your last airplane first! (Says the guy on his 8th airplane) :peace:

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Mark Hangen
Deputy Minister of Ice (aka FlyingIceperson)
Power of the Turbine
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 Post subject: Re: Considering a CJ partnership
PostPosted: 29 Aug 2015, 10:22 
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Joined: 07/11/11
Posts: 2373
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Location: Woodlands TX
Aircraft: C525 D1K Waco PT17
Username Protected wrote:
John,

Something interesting you might want to consider. I've been in touch with Tamarack and Cessna for a while about TAG's active winglets for the CJ's (1 through 3). The winglets are close to certification (Q4-2015) so close to becoming a reality. Cessna has signed a deal with them to be the exclusive installer/reseller (something that speaks volumes about the solution).

They are going to be certified by EASA first (since they have more experience with load alleviation technology because of Airbus) and FAA certification should follow within a couple of months. Preliminary data shows this will be a game changer for the 525 lineup as it may add about 20% more range. The improvement comes from faster climbs (20 min to FL400) and slightly faster speeds at altitude with lower fuel burn. Because of the load alleviation surfaces (what makes them active vs. passive), there is no penalty in having to beef up the wings which would reduce payload. They boast 900# the first hour and 600# for every hour after that which from my numbers would extend the range by 200-300 nm.

All preliminary for now, but worth watching - http://www.tamarackaero.com/winglet-faq.html.


How have you been enjoying the CJ? Not even six months into it you are looking for ways to go higher faster and improve range.

If we're only as simple as buying your last airplane first! :peace:


Hey Mark - long time no talk. For reasons outside the realm of aviation, it has been slower and more frustrating than I thought going in, but at the price I was able to pick up my CJ, I could not afford half of my "last plane" so plenty of room to look at these things. Ha!

:D

I need to plan a trip up to Michigan to bum a ride in that seaplane of yours. That looks like a blast!

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 Post subject: Re: Considering a CJ partnership
PostPosted: 29 Aug 2015, 10:55 
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Location: Woodlands TX
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Mark - Stretching out the range of a relatively economical jet-ride is what makes these winglets worth looking at.

Max range for the CJ is just over 1300 nm in the best of cases... by yourself. With the winglets, TAG has been getting north of 1750 nm with max range settings. The max payload range with normal cruise power settings for the winglet equipped CJ is projected to be around 1100 nm vs 800 nm of a straight CJ. All this means I could make it to Michigan on the weekends to go fly a C185 on floats!

Below is my unscientific, Saturday morning data analysis for your enjoyment.

Attachment:
range map.jpg


Attachment:
TAG CJ.jpg


Please login or Register for a free account via the link in the red bar above to download files.


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 Post subject: Re: Considering a CJ partnership
PostPosted: 29 Aug 2015, 11:05 
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Joined: 12/03/14
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Company: Ciholas, Inc
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Username Protected wrote:
Max range for the CJ is just over 1300 nm in the best of cases... by yourself. With the winglets, TAG has been getting north of 1750 nm with max range settings.

That's BS.

Winglets do not increase the range of an airplane by 35%.

They don't increase cruise speed by 35%, they don't reduce fuel flow by 35%, or any combination of the two that results in 35% more range.

Mike C.

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