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09 May 2025, 08:47 [ UTC - 5; DST ]


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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 19 Mar 2025, 23:30 
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Username Protected wrote:
It sounds like you are talking about piston airplanes, we don’t do pistons.

I’ll respond with details when I have time.

You are posting on BTalk and representing to be an aircraft acquisitions expert. 90% of the BTalk population buy and fly pistons. If you are buying a 3 or 4 year old Phenom 300 or CJ3+, I would stick to Cesscom, CAMP, or EEC - yes in the jet world, that is a different question, but then you need to qualify your "suggestions". Half the people on this forum don't even know what CAMP or EEC is.


Last edited on 19 Mar 2025, 23:35, edited 1 time in total.

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 19 Mar 2025, 23:35 
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Username Protected wrote:
It sounds like you are talking about piston airplanes, we don’t do pistons.

I’ll respond with details when I have time.

You are posting on BTalk and representing to be an aircraft acquisitions expert. 90% of the BTalk participants buy and fly pistons. If you are buying a 3 or 4 year old Phenom 300 or CJ3+, I would stick to Cesscom, CAMP, or EEC - yes in the jet world, that is a different question, but then you need to qualify your "suggestions". Half the people on this forum don't even know what CAMP or EEC is.


Alex… are you ok?

Drinking?

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 19 Mar 2025, 23:38 
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Username Protected wrote:

Alex… are you ok?

Drinking?

What are you talking about? I don't even drink. Are YOU ok? Don;'t like to be questioned when providing erroneous information?


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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 19 Mar 2025, 23:55 
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Username Protected wrote:
It sounds like you are talking about piston airplanes, we don’t do pistons.

I’ll respond with details when I have time.

You are posting on BTalk and representing to be an aircraft acquisitions expert. 90% of the BTalk population buy and fly pistons. If you are buying a 3 or 4 year old Phenom 300 or CJ3+, I would stick to Cesscom, CAMP, or EEC - yes in the jet world, that is a different question, but then you need to qualify your "suggestions". Half the people on this forum don't even know what CAMP or EEC is.

Alex,

The name of my company is Jet Acquisitions… I’m pretty sure everyone knows that we do JET acquisitions.

CAMP is a maintenance tracking program, Cescom is the same program for Citations and EEC stands for Embraer Enhanced Care. I have no idea what they have to do with your point, which is why I asked if you were ok.

Last edited on 20 Mar 2025, 12:38, edited 1 time in total.

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 20 Mar 2025, 00:16 
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Alex,

The name of my company is Jet Acquisitions… I’m pretty sure everyone knows that we do JET acquisitions.

CAMP is a maintenance tracking program, Cesscom is the same program for Citations and EEC stands for Embraer Enhanced Care. I have no idea what they have to do with your point, which is why I asked if you were ok.

Interesting - viewtopic.php?f=49&t=231790&p=3499340&hilit=piston+go#p3499340

    "Pistons - yes, we can do this for piston aircraft as well, getting good sold comparables is much harder, but we know enough honest brokers in the industry to help determine the value of most common piston aircraft. Everything else works the same, I can get the 337 file and look for repairs, modifications, and damage.

    I find in pistons that there are a lot more bad purchase agreements / deals and that many don’t know the process as well, so we’re actually more of a benefit to the client because we can explain the steps and how to get the deal closed.

    What if it’s a no-go? - you get a go around. For free."

Are you ok?


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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 20 Mar 2025, 00:29 
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Username Protected wrote:
Alex,

The name of my company is Jet Acquisitions… I’m pretty sure everyone knows that we do JET acquisitions.

CAMP is a maintenance tracking program, Cesscom is the same program for Citations and EEC stands for Embraer Enhanced Care. I have no idea what they have to do with your point, which is why I asked if you were ok.

Interesting - viewtopic.php?f=49&t=231790&p=3499340&hilit=piston+go#p3499340

    "Pistons - yes, we can do this for piston aircraft as well, getting good sold comparables is much harder, but we know enough honest brokers in the industry to help determine the value of most common piston aircraft. Everything else works the same, I can get the 337 file and look for repairs, modifications, and damage.

    I find in pistons that there are a lot more bad purchase agreements / deals and that many don’t know the process as well, so we’re actually more of a benefit to the client because we can explain the steps and how to get the deal closed.

    What if it’s a no-go? - you get a go around. For free."


If you’ll read the whole thing you will understand that Go / No Go is not an acquisition service. It has nothing to do with prebuys. This is doing due diligence for a buyer prior to purchase.

I’ll explain prepurchase inspections tomorrow, I’ll go through the different models we do and what we typically recommend be included in the scope of the prepurchase.

Alex- I’ve been in aviation for over 25 years, I’ve done acquisitions exclusively for the last ten years. You are not going to trip me up or make me look bad and you’re making yourself look silly by trying.

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 20 Mar 2025, 00:48 
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Username Protected wrote:
The name of my company is Jet Acquisitions… I’m pretty sure everyone knows that we do JET acquisitions.

I've come to question a prepurchase inspection even for jet aircraft.

My jet was bought with minimal prepurchase inspections. It had a test flight, engine borescopes, and a records review, but that's it. Nothing otherwise was looked at by any mechanic.

Of the many existing faults I found on the aircraft after I owned it, I doubt more than 1 or 2 would have been found in a prepurchase inspection as they were all subtle things with little visual evidence. I also doubt the cost of the fixes for those faults would have totaled the prepurchase inspection costs. Maybe I was lucky, I don't know, but jets tend to be generally maintained to a higher quality than anything else I have seen out there.

There is simply too many things to look at on a jet for any prepurchase inspection short of a major phase inspection. Doing a major phase is just not practical as a buyer, especially in a tight market. Shops don't have the schedule, buyers don't have the inclination, and you don't have the time.

In an ideal world, yes, go do the prepurchase inspection, but ultimately at the end of the day, the airplane is what it is and the prepurchase inspection has only a modest chance of uncovering something meaningfully serious.

In the times I have done a prepurchase inspection, the plane always had significant faults that were not found. The prepurchase inspection just isn't going to catch that much.

The most important thing to do for a jet is a document review, primarily the maintenance status report. There is an overall assessment if the status report has been faithfully maintained, plus looking at specifics for what things are coming due.

Engine borescopes are worth it since they are relatively low cost, quick, and what they find can be very expensive. Airframe stuff isn't like that generally.

A test flight is good and relatively low effort and time. If you do it right, you can cover a lot of ground and make sure systems work. I would do a better job than I did the first time, but it was good enough. I can think of only one thing I might have caught on the test flight that I missed, an inoperative fuel shutoff valve on the left engine. That wasn't a big deal to fix in the end and the valve had likely been broken for a while and the prior owner just never noticed.

My plane is now in far better shape than when I bought with a lot of little things fixed and improved. These fixes probably added up to less than $20K over the time I have owned the plane. That's doing pretty good on the scale of something like this.

I'm sure there are plenty of horror stories to trot out to argue against what I have written, but then there are plenty of horror stories of planes that did have a prepurchase inspection and the fault was found afterward.

Mike C.

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 20 Mar 2025, 07:55 
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I think the most tedious and helpful part of the prebuy was squaring up CAMP and the log books review to make sure they were in sync and the proper maintenance had been done. I think it took the broker about 8 hours and most of that was apparently because CAMP isn’t all that intuitive to use. The 2 “errors” were part serial number mismatches, and the plane was only 7 years old, but I was shocked there was any to be honest.

I’m looking at CAMP alternatives now as I don’t find it all that helpful, it’s basically an expensive excel sheet. We had our inspection done this January as it was due and in February someone from CAMP emailed us and was like “here’s a list of things that are going to be due in the next 6 months”….cool that would have been way more helpful before the inspection was done….plus they keep silently raising the price every year and you only find out about it when you get the invoice. So looking at options.

Chip-


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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 20 Mar 2025, 09:44 
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Username Protected wrote:
I’m looking at CAMP alternatives

I switched from CAMP to Traxxall. While I don’t think it is functionally any better or worse, it was significantly less expensive.

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 20 Mar 2025, 12:04 
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Username Protected wrote:
The prepurchase is the heart of an acquisition, it’s where the rubber meets the runway between buyer and seller. To close transactions without our clients suffering a deal falling through, we have to manage that prebuy visit very well. It is challenging enough with the shops that we use all the time, it’s really tough to go to a one off shop every few years.

Chip - are you serious? You actually advise your customers to do "prepurchase" inspections in your aircraft acquisition business?

Why?

I would respectfully disagree with your assessment that PPIs are "the heart of an acquisition" or "where the rubber meets the runway" - all a PPI is - besides a total waste of your customer's money - is a mirage that provides a false sense of security. If you continue doing this, one of these days you and your customers are bound to get burned especially if you start buying older airframes.

The scope and focus of PPIs is flexible and impossible to get under an airplane's hood when conducting it.


Alex,

I think you must be talking about shops that don't want to do inspections so they do "prepurchase surveys" instead.

The scope of a prepurchase inspection is what WE, the buyer determines it to be.

On Citations a prepurchase includes multiple inspection items and usually several Docs.

The Document Inspections we include are driven by each individual aircraft, what the big inspections are for that model or aircraft and what is coming due.

On Legacy Citations the prepurchase inspection includes a Phase I-IV, as well as the V if it is coming due with 12 months. As well as other inspection items as required.

We have some specific things that we add, items we know to check from decades of experience. I have been dealing with Citations for over 20 years and my Citation Tech Rep was at a Textron Citation Service Center for 20 years and had a lot of experience before he went to work for them.

On King Airs the prepurchase inspection includes a Phase 1-4 (or 5&6 for King Air 350) as well as a list of other items that we know to check. We've actually had maintenance facilities add one our inspection criteria to their suggested prebuy options, inspecting the receiver dryer. So far we have saved 7 King Air purchasers $40k plus (each) with this $800 inspection.

On TBM's the prepurchase includes whatever annual we can negotiate, preferable a C+, as well as other inspection items.

On Pilatus PC-12's the prepurchase includes the 12 / 24 month inspections (previously an annual) as well as other specific inspections depending on what is coming due.

On Phenom 100 / 300 the prepurchase includes whatever inspections are coming due as well as a well defined prebuy scope. We work with the service center to determine what should be done based on the age / status of the aircraft.

It's really the same for all of the other jets we offer acquisition services for, the scope of the prepurchase includes specific inspection items based on the type of aircraft and the maintenance status.

It is important to note that not only do we want to inspect the aircraft, we want to reset the maintenance clock as well. A "prepurchase survey" does not reset required inspections.

ALL Prepurchase Inspections include the following.

- A test flight of the aircraft, typically enroute to the maintenance facility.

- A records review by the prepurchase facility or approved third party records inspection company.

- Ground runs and borescope inspection of engines. (typically FOD only if engine is on a program)

- Ground pressurization check with a pressurization cart.

- Hot cockpit check of avionics.

The above is all done at the maintenance facility, before the aircraft is taken to prebuy, we do a visual inspection of the aircraft and the records, to ensure that the aircraft is suitable for purchase.

THIS is what I advise our clients to do. I think you will agree that everything I listed above makes sense... at least it does as a buyer. As an aircraft owner and potential seller, I'm starting to think you do not appreciate me sharing this information with the general buying public.

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 20 Mar 2025, 12:14 
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Username Protected wrote:
The prepurchase is the heart of an acquisition, it’s where the rubber meets the runway between buyer and seller. To close transactions without our clients suffering a deal falling through, we have to manage that prebuy visit very well. It is challenging enough with the shops that we use all the time, it’s really tough to go to a one off shop every few years.


If you are serious about assessing the condition of an aircraft prior to purchase, the only process I would buy into is (a) conduct a thorough logbook and records review including a review of the airplane's history, (b) bring along an experienced mechanic who know the make and model to perform a thorough visual inspection, (c) conduct a test flight with a pilot who is also experienced in the make and model and (d) if everything checks out, perform a phase inspection or annual inspection conducted by an FAA-certified shop with IA authorization, and which assures you maintain FAA compliance and airworthiness through standardized FAA/manufacturer guidelines. Any airworthiness findings are on the seller - everything else is on the buyer's account. Besides being the cheapest annual a buyer will ever perform, it is the only way to truly get under the hood. As an added bonus, the buyer gets a fresh annual out of the deal.

There are a few exceptions to this rule, but in general, this is the only responsible way to go, especially if you are advising customers who don't know what they are doing.

Plus - if you perform annuals with reputable shops or OEM maintenance facilities in lieu of PPI's you could expand your business to cover any make and model that comes across your desk.


I think we determined you are talking about piston aircraft here. As I mentioned we do not offer acquisition services for piston aircraft.

We do off a Go / No-Go service for turbine aircraft buyers and piston aircraft buyers but we do not get involved in the prepurchase scope... at all.

The Go / No Go service is a deal / value evaluation. We review the 337 file to check for hidden damage history, but that's it, everything else is making sure the price is right, the contract is standard and the deal is one the buyer should or shouldn't do.

I cannot advise someone what to do on a Bonanza prepurchase because I am not a Bonanza expert.

I appreciate your suggestions, but a good acquisition agent should NOT be able to "expand your business to cover any make and model that comes across your desk."

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 20 Mar 2025, 12:27 
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Username Protected wrote:
If you are buying a 3 or 4 year old Phenom 300 or CJ3+, I would stick to Cesscom, CAMP, or EEC - yes in the jet world, that is a different question, but then you need to qualify your "suggestions". Half the people on this forum don't even know what CAMP or EEC is.


You are saying a buyer should purchase a 3 or 4 year old Phenom 300 or CJ3+ after reviewing the Cescom or CAMP?

Surely not?

And just because the Phenom is on EEC or the Citation is on PP/PT, that doesn't mean you should skip the prepurchase inspection.

We review the CAMP or Cescom before even booking our ticket to travel and conduct a visual inspection.

I think most of the folks on this forum are a lot smarter than you give them credit for. I know you're a jet owner and most of the folks who post on BT are not, BUT there's a LOT of jet owners that find their way to Beechtalk, they know what CAMP, Cescom and EEC is.

Have you ever wondered why I post on here and not CJP? It is simple, if a guy is looking to buy a jet, he can google and find answers to his questions that are public on BT. If I post on CJP, he would have to join to see them.

I do appreciate you and Mike, you give me the opportunity to address things like prepurchase inspections vs. prebuy surveys. Hopefully an aircraft buyer or two will find their way here and learn what to avoid. If they end up hiring us in the process that is great, doing acquisitions pays the bills, but my passion is to protect aircraft buyers... I'll do that for free.


Last edited on 20 Mar 2025, 12:37, edited 1 time in total.

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 20 Mar 2025, 12:35 
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Username Protected wrote:
The name of my company is Jet Acquisitions… I’m pretty sure everyone knows that we do JET acquisitions.

I've come to question a prepurchase inspection even for jet aircraft.

My jet was bought with minimal prepurchase inspections. It had a test flight, engine borescopes, and a records review, but that's it...

There is simply too many things to look at on a jet for any prepurchase inspection short of a major phase inspection. Doing a major phase is just not practical as a buyer, especially in a tight market. Shops don't have the schedule, buyers don't have the inclination, and you don't have the time...

In the times I have done a prepurchase inspection, the plane always had significant faults that were not found. The prepurchase inspection just isn't going to catch that much.
Mike C.


Mike, I have to strongly disagree with you.

The vast majority of legacy aircraft we take to prebuy generate six figure airworthiness discrepancy invoices for the seller.

There are major issues to look for, especially on jets, corrosion is a huge concern.

We took a CJ2+ to prepurchase last year only to discover a leaking potty and blue water on the structure beneath it. We instructed the maintenance facility to keep pulling floorboards until they found where the staining ended. When we came back, they had pulled the isle all the way to the cockpit, blue water from one end of the airpalne to the other.

I called my client and told him we had to pass.

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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 20 Mar 2025, 14:26 
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Had that blue water issue on a colleague’s G-IV in the late 90s. You don’t want to know what it cost them for the repair and testing of the pressure vessel, but the seller paid the repair center invoice.


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 Post subject: Re: Aircraft inventory levels are critically low.
PostPosted: 20 Mar 2025, 16:33 
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Username Protected wrote:
Mike, I have to strongly disagree with you.

As expected since saying anything else would contradict your assumed expert status and predilection to spend your client's money.

Quote:
The vast majority of legacy aircraft we take to prebuy generate six figure airworthiness discrepancy invoices for the seller.

That's more a statement about the shops you use and what they charge than the real cost of those repairs. So far my repairs of found issues hasn't added up to what a prebuy would have cost. Most things I found would likely have been missed on a prebuy.

A prebuy simply wasn't an option in late 2020, no shop had time, no seller would give permission, so you have to deal with the realities of the time. Picking up a Citation V for $700K is worth some risk and I can clearly sell it for far more than I paid now.

Quote:
There are major issues to look for, especially on jets, corrosion is a huge concern.

Granted. But for every horror story averted by a prebuy, there are as many if not more horror stories about what a prebuy misses. I was certain you would play up what was found on prebuy and fail to acknowledge what gets missed.

Quote:
We took a CJ2+ to prepurchase last year only to discover a leaking potty and blue water on the structure beneath it.

The under potty area is supposed to be inspected every 12 months for this problem. The severity of what you describe sounds like some pencil whipping going on since it would take more than 12 months to ruin that much of the belly. And for such a young airplane, oh well. My now 34 year old airplane has no such problems.

On my test flight, during pre flight I opened the toilet tank compartment and checked that since it is a known weak spot. Saw no leaking or corrosion on the structure under the toilet. That gave me some confidence. It doesn't take a full prebuy to reduce your risks a lot, a careful visual inspection by you can cover most of those concerns.

For my plane, I converted my toilet to a dry system, no blue fluid at all. I still have the inspection every 12 months, but there's no fluid source to cause any problems. Also saved me 15 lbs of weight, too.

Also, I had the relief tube removed, too. Those are a source of corrosion problems as well.

Mike C.

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