Eurostar EV-97A(SEP version)
 

Good evening. I am currently looking at a possible 1/6th share in a Eurostar EV-97A.
I currently hire AA-5,PA-28 and C-172 aircraft, but as we all know the cost to hire these type of aircraft is verging on the ridiculous.
Obviously the low operating cost is the main attraction to the Eurostar, and to be honest I don`t know much more about the aircraft.
I would appreciate any advise, pros/cons for taking a share.
Also can anyone also advise on the going rate for a 1/6h share. The chap is looking for £8,000(aircraft was built in 2007).

What's the hourly rate on the Ev97? You could buy a turbulent outright for 6k and depending on where you live, hangarage needn't be too expensive.

As a p.s. The eurostar is nice. But is it group a to keep your license valid?

I think the clue is in the OP's title - the bit about "SEP Version" :ok:

I love the EV-97 as it was the most suprisingly fun aircraft I've flown recently.

I have one of these, which has the same flying characteristics as the EV-97A.

http://www.lightaircraftassociation....icle_Oct09.pdf

It has taken two of us in comfort to Sweden, the Czech Republic and places in between.

Without knowing how many hours it has done, it's difficult to value it. £48K is at the high end for a Eurostar that's done average hours for coming up to ten years.
Whether or not it's registered as a Microlight should have no bearing on the price.


The group monthly subs and hourly cost are a consideration. Oop ere the EV-97 can be flown for £20 a month and £60 per hr wet, with no Capital outlay.


To put things into perspective. A decent Jodel can be bought for less than the price of two of your Eurostar shares, with similar running costs and better performance.

We have operated one of those for the last 10 years. Lovely easy aircraft to fly and the running costs are so small they are irrelevant. Ours originally cost a total of about £45k but I would think the market value is about £35k these days which makes a 1/6 share expensive at £8k. Insurance is about £1000 and maintenance costs maybe average £800 pa. It only does about 50 hours per year as only two of us fly it and we both have other aircraft to fly as well. It stands up very well to a really rough old runway and the most frequent problems we have had have been brakes and tyres. Cruises at about 100 mph and always starts instantly whatever the temperature. We do our own normal maintenance but occasionally farm out any big jobs. The exhaust joints crack frequently and have been welded umpteen times. There are three based locally and they have all been excellent. I would buy the same aircraft again without hesitation.



PM me if you want any more info.

Is there a kitty? How big? A Group share is a share of an aircraft and the Group finances. (If no or inadequate engine fund, etc, be wary. A big fund would explain the high share price.

Thanks everyone for your replies. I was at Castle Kennedy last week and was amazed at the number of Eurostars in attendance. Every one of the pilots waxed lyrical about it.
The proof of the pudding will be when I go for a flight in it, hopefully next week.

Cheers.

http://southsideflyers.co.uk

Good group of guys, nice aircraft.

Weight is the big issue for me. I would love to fly the Eurostar but at 115 Kilos, I am running out of capacity to take pax AND fuel.