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By Paul Stout
#1692574
Hi

Looking at purchasing a share in a Warrior,

The Engine is 17 years old and has just over 2000 hours

Its operated on a Private Category, so not for hire

I thought there was a 12 year/2000 hours plus 10% limit on engines

but have been told there are no limits other than inspections at each annual/check

Is thee a risk in being told needs a new engine/rebuild at the next check

Thanks Paul
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By Paul_Sengupta
#1692587
Paul Stout wrote:I thought there was a 12 year/2000 hours plus 10% limit on engines


Only if operated for hire or reward.

And it's two lots of 10% so 2400 hours.

Paul Stout wrote:but have been told there are no limits other than inspections at each annual/check


That's right, "on condition".

Paul Stout wrote:Is there a risk in being told needs a new engine/rebuild at the next check


Of course. There is at any time. If it happens after 2000 hours, the aeroplane funds should be sufficient to cover the overhaul if the group has been run on those grounds. If it happens before 2000 hours or funds haven't been well managed or have been spent on something else or the group is run on the lines of cash calls rather than building up a fund, then the cost will be shared between members.

Obviously the purchase price of the share should be set as to what you get.
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By T67M
#1692594
Engines don't like to sit around for weeks between flights, and 2000 hours in 17 years averages at 120 hours/year, which is on the low end of acceptable for long engine life, but better than many.

At that age, a big bill should be expected sooner rather than later. An overhauled engine will cost more than £20,000, and could easily exceed £30,000. It also represents at least a month on the ground, possibly much, much longer. Figure your liability for that bill and potential loss of use of the aircraft into your calculations.
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By Paul_Sengupta
#1692775
Paul Stout wrote:thanks, there is a small engine fund of 5k,so think better to give it a miss


However if the share price reflects this, then you haven't lost anything. Unless you don't have the money in the first place to equal share price + (share of "engine overhaul -£5k").

It also sounds like the hourly cost needs to be adjusted to build up a fund, if the group is run this way (it doesn't have to be, as mentioned above).
By Paul Stout
#1692792
the share price doesn't take account of a potential share in costs of a new engine, they are hoping for at least a further 400 hours so the fund would increase to about 10k,but would still leave a shortfall