1982 Mooney 201 Single Engine Piston Aircraft 1/5 Share (SOLD)

We have a one-fifth share for sale in our longstanding Mooney 201 syndicate, G-BKMA. Mike Alpha is a Mooney 201 built in 1982 & imported into the UK in 1992. It was bought by the existing syndicate in 1992 & brought to Cambridge where it has remained since. It is a superb aircraft for IFR touring, but probably best described as a 2+2 rather than a four seater. It’s not really the aircraft to go around grass strips, but is excellent for European & longer distance UK touring.

Type:
Airplane (Single Engine Piston)
Manufacturer:
Mooney
Model:
201
Year:
1982
Serial Number:
Enquire
Reg. Number:
G-BKMA
Total Time:
5,500
Seats:
4
Price:
Price Upon Request

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Description

Location
We are based at Cambridge Airport. Mike Alpha is kept in Number One hangar & is put online & fuelled on request by Marshalls’ staff.

The Aircraft
Mike Alpha is extremely well equipped:
Over the past few years, the avionics has been significantly updated & is now extremely good.
Garmin G5 AHI
Garmin G5 HIS
Garmin GFC 500 autopilot
Garmin GTN 750 IFR nav system with monthly data updates
Garmin GTX 330 transponder with ADSB-out

These combined provide the capability of flying a complete IFR trip, from 400 ft on climb-out to 200 feet on approach, including VNAV.

Additionally there is a legacy DME & ADF, and a GNS430 GPS & second radio.

A Golze satellite weather system provides in-flight weather & is supplemented by a Stormscope. There is a semi-permanently installed PilotAware with external antennas which provides traffic information to SkyDemon or other EFB.

Accessories owned by the group include:
A four-person dinghy
A number of noise cancelling Dave Clark headsets.
Paintwork & upholstery are in generally good condition.

The aircraft has 5,500 hours & the engine currently about 2000. Given the leadtime on engines, we have recently placed an order for a new factory-remanufactured engine with a view to installing it in February 2024 alongside the next annual. In addition we plan to install a high-end engine monitor.

The Syndicate
There are currently five members of the syndicate, all instrument qualified (either IR or IR(R) ). Generally, we are very flexible about when we fly with a high degree of give and take between syndicate members. We are prepared to spend money to keep MA in a good state of equipment & repair.

We would expect someone who joins us to:
Be a competent pilot with an instrument qualification, or at least be working towards one
Have a cautious & mature approach to risk
Be aligned with us on financial matters

Money
Capital costs:
We value the aircraft and syndicate as it stands (ie with existing engine) at £85,000. The budget for the new engine & engine monitor is approximately £70,000, part of has been paid as a deposit. That will make the overall aircraft value £155,000 when the new engine & engine monitor is fitted. The new share owner will also pay into, or be credited, their share of the current working capital balance in the syndicate account.

Running costs:
The hourly rate for the aircraft (wet) is £125. Landing fees are payable in addition. Fuel purchases elsewhere are covered by the syndicate.
The monthly charge for each syndicate member will be £250.

Accounts covering all income & expenditure are available for previous years.