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(*"Blue book" value as provided by our insurance company and is an estimate only. This is NOT an appraisal value)
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| Engine was replaced with a factory overhauled Lycoming
0-320 in May, 1999. Airframe total time at January, 2001, is approximately 3,300 hrs.
Approximate "blue book" value at January, 2001: $40,000.00* (*"Blue book" value as provided by our insurance company and is an estimate only. This is NOT an appraisal value) |
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| Engine was replaced with factory overhauled Lycoming
0-360 May, 2000. Archer total time on airframe at January, 2001, is approximately 3,000 hours.
Approximate "blue book" value at January, 2001: $59,000.00* (*"Blue book" value as provided by our insurance company and is an estimate only. This is NOT an appraisal value) |
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Both aircraft are IFR certified, and both have on board LORAN navigation systems. The Archer also sports a Strikefinder stormscope.
The aircraft are based at Austin-Bergstrom International Airport (AUS) in Austin, Texas. They are located at Signature Flight Support, 4321 General Aviation Avenue, Austin, TX 78719, 512-476-5451. Scheduling for the aircraft is accomplished via AircraftClubs.com.
To become a Member of the Chandelle Flying Club, Inc., you must purchase a share of stock in the corporation from a current member. The Bylaws allow a maximum of only twenty members in the Club. A share of stock represents the stockholder's equity in the corporation or 1/20th of the approximate book value of the aircraft and other assets of the Club. The purchase price of a share at any given time is agreed upon between the seller and the buyer. When a Member leaves the Club, the actual amount returned to that stockholder is the price he or she can bargain from the buyer.
Anyone interested in purchasing a share in the Club should contact current Club Secretary, Jennifer Whitley, with your name, address, work/home phone, and e-mail address so that your name can be added to the waiting list. The waiting list is confidential and available only to current Chandelle Members.
Current costs (as of March 31, 2001) are as follows:
The monthly dues help pay for the fixed costs associated with the airplanes. Amounts over normal fixed costs are used for maintenance or other general expenses. The fixed costs include:
New equipment or changes to the aircraft normally require the voting approval of 75 percent of the Membership. If there are not sufficient reserves in the Club's accounts, an assessment may be made to Members for any approved expense, equipment, change or enhancement. For more information, please reference the Club's Bylaws.
