Chipmunk Syndicate in Essex??
Thread Starter
Joined: Mar 2011
Posts: 186
Likes: 0
From: Essex UK
Chipmunk Syndicate in Essex??
Hi all,
This is very much a 'is there enough interest' post.
I've considered for a while the realities of getting a share in a Chipmunk. I'm still looking but have a plan B. This would be, if I can't find a share myself, purchasing the aircraft and then setting up a Syndicate.
I was just wondering would I be left with a lot of shares I can't sell? Or is there enough interest in Essex for this to be worth giving serious consideration?
I've no fixed structure such as numbers in the Syndicate, share price, cost wet or monthly costs. This I've yet to research thoroughly, however if there is enough people out there that are interested that would be the next step.
PS I do know a little about the realities of the aircraft, running costs etc, I don't really want to know there are other types to consider or cheaper flying etc, just if there is enough people that would consider a share in a Chipmunk.
This is very much a 'is there enough interest' post.
I've considered for a while the realities of getting a share in a Chipmunk. I'm still looking but have a plan B. This would be, if I can't find a share myself, purchasing the aircraft and then setting up a Syndicate.
I was just wondering would I be left with a lot of shares I can't sell? Or is there enough interest in Essex for this to be worth giving serious consideration?
I've no fixed structure such as numbers in the Syndicate, share price, cost wet or monthly costs. This I've yet to research thoroughly, however if there is enough people out there that are interested that would be the next step.
PS I do know a little about the realities of the aircraft, running costs etc, I don't really want to know there are other types to consider or cheaper flying etc, just if there is enough people that would consider a share in a Chipmunk.
Guest
Posts: n/a
Contact me if you want to buy one. Might be able to help. There are a couple of successful Chipmunk groups out there, in particular at Barton (n/w England anyway) and I agree they'd be worth speaking to. The only advice I would give is numbers - go for a group of around 8. Try to get a 22A - bigger tanks. Good luck
Joined: Feb 2008
Posts: 49
Likes: 0
From: Sywell
I could bore you silly talking about Chipmunk costs. Why don't you come over to Panshanger Aerodrome on Sunday 22nd May for the 65th anniversary of the first Chipmunk flight.
www.chipmunk.aero
We've got more than 30 Chipmunks registered, so far, and the Lancaster flying over in the afternoon.
You'll be able to get a good variety of opinions and it is worth listening to everyone to get a broad range of views.
One main item to be wary of is the time before overhaul on the engine. A totally refurbished Gipsy Major can cost the same amount, if not more, than the whole aircraft. Strange, but true.
www.chipmunk.aero
We've got more than 30 Chipmunks registered, so far, and the Lancaster flying over in the afternoon.
You'll be able to get a good variety of opinions and it is worth listening to everyone to get a broad range of views.
One main item to be wary of is the time before overhaul on the engine. A totally refurbished Gipsy Major can cost the same amount, if not more, than the whole aircraft. Strange, but true.
Thread Starter
Joined: Mar 2011
Posts: 186
Likes: 0
From: Essex UK
Hi Chipmunk Janie, I will be there, I can listen about Chipmunks forever so will not get bored of talking the costs. 
The plan for the syndicate would be to have 'sinking' fund, approximately equal to the purchase cost put to one side to cover any eventualities, (I figured a while back the purchase cost of a Chipmunk is not the whole story) the idea would be I would slowly recover this capital over time as the syndicate grew. Hopefully we can talk about my plans on the day?
The plan for the syndicate would be to have 'sinking' fund, approximately equal to the purchase cost put to one side to cover any eventualities, (I figured a while back the purchase cost of a Chipmunk is not the whole story) the idea would be I would slowly recover this capital over time as the syndicate grew. Hopefully we can talk about my plans on the day?
Joined: Apr 2012
Posts: 1
Likes: 0
From: Essex
Chipmunk share
Hi
I know this is a little old, however, I live in Southend
and would love to join a syndicate involving a chipmunk.
I am considering joining one at Redhill in Surrey. If you are
still looking count me in.
Regards
Chris
I know this is a little old, however, I live in Southend
and would love to join a syndicate involving a chipmunk.
I am considering joining one at Redhill in Surrey. If you are
still looking count me in.
Regards
Chris
Joined: Oct 1999
Posts: 3,325
Likes: 2
From: UK
Just a note to say the very successful NW group has been Liverpool based for a few years now. Can't resist posting a gratuitous pic of me landing her at Southport Air Show on the beach a couple of years ago (Copyright Steve Le Vien):
Last edited by Shaggy Sheep Driver; 12th April 2012 at 21:11.
