F4U-7 Bu 133710 newly listed with Courtesy...

famvburg · **Joined:** Fri Oct 07, 2005 9:41 am **Posts:** 540

Whatever became of Junior Burchinal's two-seater? I saw it once during the summer of '78 and it was dual control. Crude, but functional I guess.

mike furline · **Joined:** Wed May 05, 2004 3:45 pm **Posts:** 2669

famvburg wrote:

Whatever became of Junior Burchinal's two-seater? I saw it once during the summer of '78 and it was dual control. Crude, but functional I guess.

Destroyed in hanger fire.

http://www.warbirdregistry.org/corsairr ... 92433.html

P51Mstg · **Joined:** Tue Jan 25, 2005 11:36 am **Posts:** 1202

On the P-51..... To me or most other buyers, flying it 50 hours a year is pretty much a deal breaker.... "At his expense" means??? Gas and oil? Or WHAT IT really cost to fly it. Plus what do we do about liability if it hurts someone? Or if he damages it (groundloops for example?) Loss of use of it while its being repaired is something that is astronomical...... Sounds simple on the surface but its a pretty complex issue...

Mark H

wendovertom · **Posted:** Mon Apr 22, 2013 8:40 am

In my limited expereince, how useful would a dual control Corsair be? The back seat has NO forward visability (other than than the backside of the pilot)!

On the Mustang, it sounnds like to me that someone's wife said, "you at least try and sell that plane!"

Tom P.

marine air · **Posted:** Mon Apr 22, 2013 4:07 pm

The P-51 deal is nteresting. THey are asking $1.5 million USD. PLus the seller wants to retain rights to 50 hrs a year, for 10 years. So that's 500 hours. No big deal, but you have to figure several sets of tires, brakes, prop A.D. inspections and hours used up on the engine. The engine already has 335 hours SMOH. So who pays for the next engine overhaul? Also wear and tear on components , gages, actuators, etc. on this 70 year old plane?
On civilian jets there are MSP programs to insure the engines , and you typically pay by the flight hour. NO one knows on a Merlin, how long it will go between overhauls.
The cool thing about this proposal is a person can buy , at a discount, in on a P-51, take it home, do as he wishes and the seller with his bank of 500 flight hours can be looked at as a mortgagor or lienholder. Maybe the seller could be bought out of the contract at a future date.

51fixer · **Posted:** Mon Apr 22, 2013 4:55 pm

marine air wrote:

The P-51 deal is nteresting. THey are asking $1.5 million USD. PLus the seller wants to retain rights to 50 hrs a year, for 10 years. So that's 500 hours. No big deal, but you have to figure several sets of tires, brakes, prop A.D. inspections and hours used up on the engine. The engine already has 335 hours SMOH. So who pays for the next engine overhaul? Also wear and tear on components , gages, actuators, etc. on this 70 year old plane?
On civilian jets there are MSP programs to insure the engines , and you typically pay by the flight hour. NO one knows on a Merlin, how long it will go between overhauls.
The cool thing about this proposal is a person can buy , at a discount, in on a P-51, take it home, do as he wishes and the seller with his bank of 500 flight hours can be looked at as a mortgagor or lienholder. Maybe the seller could be bought out of the contract at a future date.

How is 1.5 a discount?
That is about the going rate for P-51s that have been flyers for a long time. Freshly restored within the last 5 or 10 years will bring a premium or high value.
Stallion 51 charges around 4K per hour for instruction. Flying an hour with Red Nose, Red Tail or Cavanaugh is what 3K or more. That 500 hrs is worth more than the asking price of the A/C.
So paying 1.5 and then having 1.6 mil of usage equates to over 3 mil of value.
They should be giving someone that thing for free if they want to borrow it back like that.

C VEICH · **Joined:** Sun Nov 15, 2009 12:40 pm **Posts:** 1476

51fixer wrote:

marine air wrote:

The P-51 deal is nteresting. THey are asking $1.5 million USD. PLus the seller wants to retain rights to 50 hrs a year, for 10 years. So that's 500 hours. No big deal, but you have to figure several sets of tires, brakes, prop A.D. inspections and hours used up on the engine. The engine already has 335 hours SMOH. So who pays for the next engine overhaul? Also wear and tear on components , gages, actuators, etc. on this 70 year old plane?
On civilian jets there are MSP programs to insure the engines , and you typically pay by the flight hour. NO one knows on a Merlin, how long it will go between overhauls.
The cool thing about this proposal is a person can buy , at a discount, in on a P-51, take it home, do as he wishes and the seller with his bank of 500 flight hours can be looked at as a mortgagor or lienholder. Maybe the seller could be bought out of the contract at a future date.

How is 1.5 a discount?
That is about the going rate for P-51s that have been flyers for a long time. Freshly restored within the last 5 or 10 years will bring a premium or high value.
Stallion 51 charges around 4K per hour for instruction. Flying an hour with Red Nose, Red Tail or Cavanaugh is what 3K or more. That 500 hrs is worth more than the asking price of the A/C.
So paying 1.5 and then having 1.6 mil of usage equates to over 3 mil of value.
They should be giving someone that thing for free if they want to borrow it back like that.

Except that the seller is not demanding those 500 hours for free but at cost. The hard part, as noted previously, might be how to determine what said cost is.

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