Pilotpip From United States of America, joined Sep 2003, 3121 posts, RR: 11 Reply 3, posted (8 years 10 months 1 day 14 hours ago) and read 4459 times:
Not to mention the fact that it will probably need about $500k in service to get it airworthy, that is, if the maintenance was done according to FAA standards while it was in Africa. Then, you'll need two type rated pilots and a flight engineer. Their salaries should run upwards of about $150k per year on the low end. You'll need to find a place to store it. My FBO will rent the ramp space for about $3000 a month. If you like, you can put it in the hangar for about $20000 per month.
$300,000 for a plane that the seller can't give specific answers about. What a deal!! Sign me up!!
1MillionFlyer From , joined Dec 1969, posts, RR: Reply 7, posted (8 years 10 months 1 day 12 hours ago) and read 4269 times:
Thia looks seriously like a scam, I wonder if this is the same guy that is responsible for those Nigerian oil company letters and emails over the past 10 years asking people to help them smuggle money out of the country, that was another gem.
Lrgt From United States of America, joined Jul 2004, 710 posts, RR: 0 Reply 10, posted (8 years 10 months 1 day 3 hours ago) and read 3864 times:
This is not a scam but a rip off.
...If you paid $300,000, you would get the plane, but it is NOT WORTH $300,000!!!
I will say it is new for a 727 and has low hours and cycles, but -9A power engines that need overhaul? NO WAY $300,000. That is why no one is buying. You people don't understand how airplanes really depreciate.
Sunking737 From United States of America, joined Feb 2005, 1999 posts, RR: 9 Reply 11, posted (8 years 10 months 1 day 3 hours ago) and read 3844 times:
Well, Lrgt many of us on this site work for the airlines, and have connections to Pilots, F/A's and most important Maintenance, among others. So I think we have an idea on whats is going on, and since you are just a kid. Go to your corner and take a time out. . Remember you have a profile so, we know about you!
Lrgt From United States of America, joined Jul 2004, 710 posts, RR: 0 Reply 15, posted (8 years 10 months 1 day ago) and read 3650 times:
Quoting Sunking737 (reply 11): Lrgt many of us on this site work for the airlines, and have connections to Pilots, F/A's and most important Maintenance, among others. So I think we have an idea on whats is going on, and since you are just a kid. Go to your corner and take a time out. Smile
I love the way everyone in this industry thinks they no everything about complex areas of the industry the no nothing about. You SHOULD see that this Ebay seller may as well be asking: Does anyone want to buy a bridge???
Ok, i'm 23...your a little older...but I suspect your experience in unrelated areas of aviation has gone to your head.
NOW...how many 727's have you bought and sold? My guess is 0. I've sold 2 727-100C's and bought 1 727-200 pax (**OPERATABLE** with valuable -15 power), all profitable deals and I know what the market is for 727's, 737's, 767's, L1011's, and A310's. If someone pays $300,000, that is too much for this one. This is not even an ADV (as described) since it has -9A power, unless for some reason power was downgraded, which I suspect may be the case. However, it will never be upgraded back to -15 or -17 so calling it an ADV is quite useless.
The thing with the 727's pax is that they have 0 buyers and any chance of that changing has gone down the drain with newer aicraft types in surplus. And even if 1 buyer comes along, there are hundreds of them sitting. Even with 727C's and F's are nearly at 0 buyers now. This means that the value of an airframe can easily be negative. In this case even that low number of cycles will not save it from that. Now the engines are where the value (if any) will come from. -9A power is good and worth much more than -7A power even though it is only slightly superior. But the ad says they "need work"; that what dictates the value. Currently, there have been so many of the JT8D's on the market from retired aircraft that it is LESS EXPENSIVE to buy a new powerplant than overhaul the old one! So if these engines that are described as needing "work" need an overhaul, the plane and engines are worthless! I've seen 727's sell for $1 and I would NOT WANT to be the buyer since you are essentially paying for a liability. The market could come back around since supplies of these overhauled JT8D's are drying up and soon it will be again cheaper to overhaul. But if you were buying it only on hopes of the powerplants eventually becoming valuable, you could also buy worthless JT8D's in need of overhaul and hold them. You don't need the airplane; that will never be worth anything again. While there are no buyers of these airplanes, there will still be some existing operators still in need of spare engines after the surplus dries up.
I will give this seller a LOT of credit. If you have something that is worthless, BUT to 99.999999% of people it would appear to be a good deal at $300,000, what better place to sell it than Ebay??
1MillionFlyer From , joined Dec 1969, posts, RR: Reply 17, posted (8 years 10 months 21 hours ago) and read 2921 times:
In business you get what you pay for. I can go buy a piece of crap in the US for 300K also and don't have to worry about gov't corruption in Gambia.
This is still schetchy, and before you go off again, I was involoved in acquiring 2 727-200s in Australia and that fell apart because they were "where is as is"...I was 23 at that time too, I just remember asking that company over and over...where are the files?
ContinentalFan From United States of America, joined Oct 2000, 356 posts, RR: 0 Reply 21, posted (8 years 10 months 19 hours ago) and read 2341 times:
Quoting OPNLguy (reply 20): Pratt and Whitney is still manufacturing -new- JT8Ds?
I think he means new for the plane (but still an old engine pulled off another plane, not new new). It'd be like it being cheaper to put in an engine I pull off a car in the scrapyard than to fix the existing engine in my car, for example.
OPNLguy From , joined Dec 1969, posts, RR: Reply 22, posted (8 years 10 months 19 hours ago) and read 2319 times:
>>>I think he means new for the plane (but still an old engine pulled off another plane, not new new). It'd be like it being cheaper to put in an engine I pull off a car in the scrapyard than to fix the existing engine in my car, for example.
Oh, well, I guess so. Seems like a moot point in a way, since that "new" (as in overhauled engine) was previously in need of an overhaul, just like the "old" engines still hanging on the aircraft are probably in need of an overhaul. One pays for the overhaul, one way or another....