Club Homepage Forums Classified Ads Buy & Sell - Everything But Airplanes Help me estimate the value of this 152

Tom!

I'm surprised! Haven't you ever "flown" a 150 backwards?

It doesn't take that much wind at altitude to blow you backwards at MCA, and I don't see where that can hurt a thing!

It's a blast!

I've flown a 150 backwards when I was getting my license with an instructor. It really isn't hard at all on the plane. You wait until upper winds are higher than usual, and go into slow flight, and you can have the plane go slow enough to have the wind push you backwards. At least this is what I remember from l977.
I learned to fly in a lease-back plane that my instructor owned. That would make some sense as he was in it flying his own plane with his particular student.
It was mentioned before, but if leasebacks are so good, why don't more instructors do it, or more airport personnel? Just some thoughts.

Gary Shreve had a 152 on lease back. Don't think it lasted too long.

If you are at all emotionally attached to your plane I don't think it is a good idea, but if you look at a plane as an asset to a business it can work out fine.

Just my two cents.

That's a fact, Ron. It lasted all the way to the crash site...after which I got a big fat check. Luckily, no-one was hurt in the accident, although the plane was totalled. It really could have gotten ugly. If someone would have gotten injured or killed, they could have sued the last mechanic to work on it, the owner, the IA that signed off the last annual, and the flight school. I would have been hit on three of the four counts. Luckily, it was handled through the flight school's insurance which would have defended everything, I hope.

Tom...if you're not comfortable with the leaseback arrangement, then don't do it. It's not worth it. In my case, it afforded me the privilege of owning a plane, I made some money at it, and ended up with a decent plane, all paid for. Leaseback works best for mechanic/owners. If I had to pay for all the maintenance, it would have been difficult to stay ahead.

That said, I wouldn't mind having two 152's on leaseback. It did make money.