Engineout
If I can get $1 million dollars at 7% with no loan over my house or real estate and just on the plane I'm leaving Westpac. It wouldn't take much for me to leave Westpac anyway!
If I move on from the PA31 what aircraft would I get to replace it? A Chieftain at $350000 does a good job. Say i want to spend $700000 what will that buy me? An old worn out metro 3.
400 Hours is what a charter plane does. Freight might do 1000 hours but thats day and night work and you wear out your aircraft for nothing. The freight companies line that they will give you this run and that if you give a better price does not hold any weight with me. I will not join the long long list of companies that have gone down flying bank bags so Frieght companies and the Banks can make more money.
Like i tell them, if its so good work buy your own plane and fly it yourself.