Mooney 201 share

We have a one-fifth share for sale in our longstanding Mooney 201 syndicate, G-BKMA.

Location

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

The aircraft

Mike Alpha is a Mooney 201 built in 1982 and imported into the UK in 1992. It was bought by the existing syndicate in 1992 and 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 and longer distance UK touring.

Mike Alpha is extremely well equipped:

Over the past few years, the avionics has been significantly updated and 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 and ADF, and a GNS430 GPS and second radio.

A Golze satellite weather system provides in-flight weather and 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 and upholstery are in generally good condition.

The aircraft has 5,500 hours, and 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 and 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 and 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 and 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 and 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 and expenditure are available for previous years.

Contact

If you’re interested in joining us, please contact Paul Ruskin at paul@ruskin.me.uk

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