
Vintage Cessna in mint shape
Something old, but still new
September 26, 2003
by Alvin Derksen
Have you ever dreamt of
purchasing a new car, or truck and then storing it for many
years with the hope that it would someday sell for a lot more
money as a classic?
That's a scenario that Harv
Penner of Harv's Air Flight Training in Steinbach capitalized on
recently. As with any growing business, the need for more
equipment increases proportionally with an increase in sales or
production activity.
And with a flight school/charter
business, as the number of students and charters increases, so
does the need for more aircraft. So Penner had been looking for
another Cessna 152 to add to his fleet of airplanes. Needless to
say, when he came across a 1979 model with very low hours, he
immediately set out to buy the aircraft.
The story on the 152 is as
follows: it was purchased by Mid-America Vocational school in
Oklahoma in 1979, then flown from the factory at Wichita,
Kansas, to Tulsa, OK and finally to Oklahoma City. Total flight
time was a scant five hours. The school kept it in a classroom
and ground-ran it Periodically.
To Penner's knowledge, it did not
fly again until 1996. The person Penner bought it from flew it
from the school to his airport, barely 15 minutes away. He was
going to use it but the more he thought about it the more he
realized he did not want to put any hours on it. Since it had
remained static for a long time, he overhauled the engine. It
was later that Penner saw it advertised in an aviation trade
magazine.
The Cessna 152 was in production
from 1978 to 1985, and there has been none produced since. Many
flight schools around the world are still using these planes and
the fleet is aging. If this aircraft were being built today it
would fetch somewhere around $110,000 (U.S.).
In terms of automobiles, a
24-year-old model with low mileage would be a risky purchase at
best. However, with aircraft, the safety regulations are much
stricter. And so, with only a few hours on the machine, this one
was viewed as a sound investment. The previous owner had
meticulously maintained the plane and stored it in a
climate-controlled environment.
Penner explained to that when he
arrived to check out the plane, the owner was very reluctant to
allow him, a seasoned pilot, to test-fly it. The owner's
reasoning apparently was that if Penner flew the plane and then
changed his mind about buying it, the plane would have another
hour of flying time on it.
Eventually, Penner persuaded the
individual that he would purchase the plane if it flew the way
it should, and after a satisfactory flight, did, in fact, write
a cheque on the spot. The price was not disclosed.
Penner says the purchase is a
business decision and that the craft will have to earn its keep.
Given the fact the plane is essentially new, there are
discerning pilots who will gladly pay an hourly premium to rent
it. (Penner is quick to point out that mechanically, all of his
aircraft are in new condition, given the fact that they are
routinely inspected and refurbished in any way necessary).
With a growing staff of nearly
two dozen, including instructors, technicians and dispatchers,
Harv's Air Flight Training is on a continued flight path to
success. Adding equipment like the `new' Cessna 152 is evidence
of that trend.
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Penner shows off newly-acquired craft which still looks
and smells brand new after 24 years. |
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