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For sale: Lazarus update

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My N65MY is under contract. For board info the price is 190,000. Everything is mid time, but very well equipped.

As for Laz, I have quit night and hard IFR , getting old. We sold the 49 bonanza, for 30k about what we have spent the last three years on maintenance. Hate to see it go, basically I restored it twice. I gave it to my son when he graduated college 20 yrs ago. Son is an airline pilot, army pilot and in his spare time he has a hot rod Pitts.

I will be doing day VFR in his travelair.

I had a call from a local guy who wants to buy a share of Laz, this got me thinking.

He is a non pilot so would need a trained pro, we have a couple our company uses.

So the deal I am thinking is I will sell 3 shares in Laz for 50 k each. I will upgrade the 530 to an Avidyne 540 , I am putting one in the travelair as well. Additionally I will put in adas-b in and out.

I would very rarely use the plane myself but keep a share. I will put 50k of the proceeds in reserve for the unexpected, which is always expected. We will put 300bucks / hr for normal expenses/hangarage insurance and annuals into the hopper. You buy you own gas oil and pilot.

So I am looking for two more 50k owners in mid South Carolina , columbia, charleston ,

Aygusta Georgia area. You a good chance to fly a Duke with a solid financial cushion.
Date: May 18, 2017   


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