Soar...
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.
History repeating itself, no surprise there.
Time to stop wasting taxpayers money on these rorts.
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
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.
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.
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)
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)
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.
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.
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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Any reports from todays inspection?
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Who is the new flight provider? Nothing on their website as yet.
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I don't se any correlation with what Soar have done and this initiative between TAFE and BASAIR?
This is actually a good news story for the aviation training sector. Both are reputable establishments, and there is no need to rubbish them unnecessarily.
This is actually a good news story for the aviation training sector. Both are reputable establishments, and there is no need to rubbish them unnecessarily.
