[Cardinal Sin]

Been trying to sell my share in one of the nicest Cardinals in the country - certainly the best fixed gear plane at Teesside - for over a year now. I've advertised in the clubs in the North East, on Flyer, AFORS, UKGA and anywhere else I can think of. Price is comparable with other similar performance planes.

Only reason for sale is that I now live 200 miles away from the plane. If anyone has any brilliant ideas about how to sell a share in a depressed market in a depressed region of the country I'd love to hear them.

I have just dropped the price to £3,000

[Paul_Sengupta]

Advertise an easy payment plan over 2 years?

[Cardinal Sin]

Now there's a thought!

[flybymike]

After fourteen years virtually trying to give away an aircraft share at Leeds, we gave up and sold the aeroplane.

[Cardinal Sin]

After fourteen years virtually trying to give away an aircraft share at Leeds, we gave up and sold the aeroplane.

That's really depressing....

[neilcharlton]

I believe any member could force an asset sale ... bit harsh on the other members tho...

[GAWARE]

Can you post pics detail please.

[Cardinal Sin]

The 177 is the faster, better looking successor to the 172 that was never quite a commercial success. But when you look at how few come on the market, you'll know how much their owners love them. With no struts and the wings set back from the windscreen the visibility is excellent. Short field performance is excellent, and she cruises at 115kts or faster if you wish.

This is cheap touring and going places flying!

Cessna 177B Fixed Gear

Lycoming 180HP - zero timed in 2012 - now with c 350 hours

McCauley Constant Speed Propellor - 2 years since overhaul

Annual till June 2015 (maintained by Airspeed, the UK's Cardinal specialists)

Full IFR fit, and commitment to maintain this for IFR flight

GNS430

Bendix-King second COM

King KNS80 (inc DME)

Cessna ADF

Garmin Mode-S

Cessna autopilot (wing leveller and heading hold)

2 altimeters

JPI Engine monitor with fuel flow

We cruise at around 115kts and 36 lph

Hangared in private hangar at Teesside / Durham Tees Valley with long opening hours, lights and ILS

£75 per tacho hour

£110 per month

Web booking system, good availability, flying around 150 hours a year

Share £3,000

[robert79]

I'd snap your hand up and to hell with the wife's wrath, but I'm in Norfolk

[GAWARE]

Thanks for the pics, can't see why she's not gone, ld also go for it but your just a little too far north to make it practical. I have loads of instructional hours on the 177.

[Boxkite]

If you are not flying it any more yourself you might have to consider giving it away to relieve yourself of the monthlies.
There is a share going for free in a TB10 at Bristol.

I almost bought in to a great C172 last year (still looking) but didn't for various reasons, one of which was the reluctance of the no-longer-flying owner to negotiate the price - he just pointed all enquiries to the group admin. The group controlled the selling price to 'protect' the value of their own shares. There is a way around it of course - give the group the asking price in return for a cheque from the owner for the difference agreed. It is still for sale and must have cost the owner around £1400 in monthlies since.

[flybymike]

We tried "free" shares at Leeds (so called non equity)

Still no takers. Many people just don't want the monthlies liability, especially at a regional airport where they are tremendously high compared to other places.

[Boxkite]

We tried "free" shares at Leeds (so called non equity)

I see those as being quite different. A free share would be an owning share in an aircraft, possibly where the share has previously changed hands for money.
I assume a non-equity 'share' in a 'group' means that the ownership stays with the current single or partnership owner.

[Tall_Guy_In_a_PA28]

If anyone has any brilliant ideas about how to sell a share in a depressed market

For a start, I would not mention in the advert that I am trying to sell a commercial failure, particularly as many are not familiar with the type and need reassurance, not scaring off!

It is impossible for a prospective buyer to put a value on the share without knowing how many in the group.
I assume that the £75 / hour is a dry rate, but you do not say so. It seems rather high for dry, but a bit too low for wet!

It does look like a nice aircraft.

[Joe Dell]

How many in the group? Is the hourly rate wet? Is there anything in the kitty? Are home landings to pay for? Is yours the only share for sale?