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Old 12th Feb 2021, 07:49
  #81 (permalink)  
 
Join Date: Jan 2021
Location: McLimitVille
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Let's hope the ex Soar students can finally catch a break, it the above does happen, at least they're not at risk of dieing in a @#&*^%$)
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Old 17th Feb 2021, 02:32
  #82 (permalink)  
 
Join Date: Apr 2005
Location: Melbourne
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https://www.pickles.com.au/trucks/it...ollPosition=91

Asset disposal has started...
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Old 17th Feb 2021, 02:54
  #83 (permalink)  
 
Join Date: Oct 2005
Location: Australia
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Aren't some of those aircraft the same ones that were disposed of by the liquidators of ACFT in 2015?
History repeating itself, no surprise there.
Time to stop wasting taxpayers money on these rorts.
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Old 17th Feb 2021, 03:52
  #84 (permalink)  
 
Join Date: Apr 2005
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Originally Posted by Clare Prop View Post
Aren't some of those aircraft the same ones that were disposed of by the liquidators of ACFT in 2015?
They weren’t liquidated in 2015, they just needed to raise $500k in capital after things went a south with BHI and it’s possible that some that didn’t sell, may have come up again.
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Old 17th Feb 2021, 04:50
  #85 (permalink)  
 
Join Date: Aug 2004
Location: moon
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Found a nest of those yellow jackets last week - annoying insects.
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Old 17th Feb 2021, 08:53
  #86 (permalink)  
 
Join Date: Oct 2005
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Originally Posted by Squawk7700 View Post
They weren’t liquidated in 2015, they just needed to raise $500k in capital after things went a south with BHI and it’s possible that some that didn’t sell, may have come up again.
ACFT were definately liquidated in 2015. They were associated with ECU, not BHI. They originally imported those Aqulias. I guess Soar got them cheap at auction. ACFT ceases operations; administrators appointed – AviationWA
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Old 17th Feb 2021, 09:04
  #87 (permalink)  
 
Join Date: Apr 2005
Location: Melbourne
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Originally Posted by Clare Prop View Post
ACFT were definately liquidated in 2015. They were associated with ECU, not BHI. They originally imported those Aqulias. I guess Soar got them cheap at auction. ACFT ceases operations; administrators appointed – AviationWA
Apologies, I misread your post and confused it with Soar running into trouble with the regulators and the Box Hill issues and having to sell some of their aircraft to raise $500k to pay the bills.

They had one of the Aquila’s very early on and then added extras later. I don’t know much about the Aquila, other than that many say it’s too heavy for the 100hp Rotax and I recall Cirrus were selling them through their dealer network for a period.
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Old 17th Feb 2021, 10:04
  #88 (permalink)  
 
Join Date: Oct 2005
Location: Australia
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According to the engineers, each one cost over half a million bucks by the time it was on the Australian register. Think how many good second hand 172s or Warriors you could have got for that. Would be interesting to know how much Soar paid for them and what they would go for now. ACFT was just one in a long line of VET funded schools that went belly up leaving staff and students in the lurch. And here we are six years later and the people who dish out the money have learned nothing.
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Old 22nd Feb 2021, 05:29
  #89 (permalink)  
 
Join Date: Apr 2005
Location: Melbourne
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I heard that the auction is on hold and that they are going to arrange MR’s for as many as they can, presumably so that they can get more money for them.

They are also seeking Expressions Of Interest for them, before they go to auction, to see if they can get rid of them prior.

(This is second hand info)
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Old 22nd Feb 2021, 07:59
  #90 (permalink)  
 
Join Date: Jan 2021
Location: McLimitVille
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What's a vixen with 3000 hours on the clock worth? With a half life engine or something like that?
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Old 22nd Feb 2021, 08:10
  #91 (permalink)  
 
Join Date: Apr 2005
Location: Melbourne
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Originally Posted by McLimit View Post
What's a vixen with 3000 hours on the clock worth? With a half life engine or something like that?
In all honesty, more than a year ago, but nobody is going to pay top dollar for a second hand yellow Foxbat nowadays you’d have to think! Too expensive to respray for those after a bargain.

At a guess some of those early Foxbats would have been purchased at around $95k and now have 3,000 hours, which would mean eng 1,000 HTR. Hard to know really, as they do have fabric on them and the perspex would have to be deteriorating a lot being left outside, so a bit of work to make tidy for a proud private owner.

I heard the people running the auction reckon 30% off retail for the low hour Tecnams. Time will tell! The MR certainly increases the value a bit.



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Old 22nd Feb 2021, 09:49
  #92 (permalink)  
 
Join Date: Feb 2007
Location: Australia
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Foxbats $40-$55k ? as mentioned they are yellow and would need to be repainted if you wanted something unique to distance them from their previous owners.

They have been used in a training school, an aircraft in this operation usually have a depreciation rate of at least 20%-30% per annum. depending on hours, accident history and of course getting the correct maintenance.

Purchasing quite a few Soar probably brought them for $85,000-$95,000 originally, takeoff the GST and your starting get an idea of what they really cost, deduct the depreciation, then a little bit more because they are in a flying school, then a little bit more because of the buyers premiums and you might as well ask Pickles to pay you to take them.
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Old 1st Mar 2021, 00:00
  #93 (permalink)  
 
Join Date: Sep 2008
Location: about there
Posts: 68
Any reports from todays inspection?
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Old 1st Mar 2021, 03:02
  #94 (permalink)  
 
Join Date: Jul 2006
Location: Australia
Posts: 39
What inspection?
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Old 1st Mar 2021, 03:37
  #95 (permalink)  
 
Join Date: Apr 2005
Location: Melbourne
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Originally Posted by Superfly Slick Dick View Post
What inspection?
There are set inspection times or some by private arrangement.
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Old 1st Mar 2021, 06:49
  #96 (permalink)  
 
Join Date: Jan 2021
Location: McLimitVille
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Any reports from todays inspection?
I had a Captain Cook, at Vixens and Foxbats mainly. The MR's were interesting to say the least. And the logbooks of course. You'll want to have your wits about you if you're buying. Either that or get them for a price that it doesn't matter.
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Old 1st Mar 2021, 07:39
  #97 (permalink)  
 
Join Date: Jun 2020
Location: Victoria
Posts: 40
Originally Posted by Blueyonda View Post
Any reports from todays inspection?
Aircraft didnt look to flash, but there are a few gems
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Old 4th Mar 2021, 02:08
  #98 (permalink)  
 
Join Date: Jun 2018
Location: Melbourne
Posts: 14
Originally Posted by Framcicles View Post
For those interested, BHI are in the last stages of getting approval to move the current students to a new flight training provider. I'm pretty sure this is a requirement of the VET provider to find an alternate or refund the course in circumstances like this.
Who is the new flight provider? Nothing on their website as yet.
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Old 4th Mar 2021, 03:25
  #99 (permalink)  
 
Join Date: Jul 2017
Location: Melbourne
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Originally Posted by Chopz View Post
Who is the new flight provider? Nothing on their website as yet.
The email sent out to the students didn't specify and I haven't seen anything else posted up by the guys and gals who are stuck there at the moment.
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Old 4th Mar 2021, 12:04
  #100 (permalink)  
 
Join Date: Jun 2020
Location: Victoria
Posts: 40
Originally Posted by Chopz View Post
Who is the new flight provider? Nothing on their website as yet.
I heard a very rough rumour of it being CAE
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