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listing placed 10 September 2023 United Kingdom
With New Spare Engine - Popham YAK-52 - 1/5 Share - £10,950
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YAK-52
WHAT ARE WE OFFERING?
YAK-52 G-YAKX was built in 1991 as one of the last major batches for the Soviet DOSAAF training organisation, incorporating all the major design modifications at manufacture.
Imported into the UK in 1994, still in its crate, with minimal hours the aircraft was reassembled and placed on the UK register in March 1996.
Since 1997 The X-Fliers Limited have operated G-YAKX, hangared at the accessible and popular GA friendly Popham airfield in Hampshire.
The aircraft has been carefully maintained by us, as sole UK owners since manufacture, and is in excellent and original condition with all applicable AD’s complied with.
The aircraft wears a Soviet Air Force colour scheme with a registration dispensation from the CAA.
The, not for profit, operating company has a comprehensive Shareholders Agreement in place covering all aspects of ownership & operations, legally reviewed in 2015. Providing the reassurance that makes our YAK-52 group one of the most stable and longest established in the country.
We’ve found keeping the group size to five equal shareholders enables us to retain a pride of ownership that’s so often lost in larger syndicates.
There are also extensive accrued bank funds for the major long term lifed items covering the engine, propeller, lifetime extension, flexible hoses & triennial inspections, together with annualised expenditure funds for hangarage, maintenance & insurance.
This helps smooth our operating costs as shareholders pay their fair share at the point of utilisation.
In turn this sustains share value as major items always have proportional maintenance funding in place no matter when a share is purchased.
All of the above is clearly communicated in monthly financial statements, so anyone buying a share can see exactly our financial health.
To help transition to this aircraft we have experienced YAK-52 instructors, familiar with Popham operations.
We’ve also implemented a passenger waiver form, with a minimum age of 18, to help manage our liability.
Similarly we do not support the aircraft being used for competitive purposes, or for display flying, to avoid the issues that can arise from such high intensity usage.
WHAT ARE YOU PURCHASING?
A fifth shareholding in The X-Fliers Ltd, a registered private limited (by shares) company, that holds the following assets as of September 2023;
1991 YAK-52 G-YAKX - sought after hangarage at Popham Airfield, Hampshire
1301 hrs airframe,10 year inspection (expires 2030)
1 hrs propeller (expires 2029), Aeroquip hoses (inspect / pressure test 2026)
721 hrs engine, 29 hrs remaining
*** Additional very rare 'new' spare preserved M-14P engine, 750 hrs 1st life, £40k+ value, AeroMetal inspected, new ignition harness, new mag coils, later spec pistons, improved supercharger tolerances & intake drain kit ***
Annual & LAA permit -> May 2024. First YAK-52 on LAA register
Canopies & harnesses replaced, long life Aeroquip hoses, auto plug mod, TRIG 8.33 radio & TRIG Mode S transponder
Electronic Conspicuity: TRIG GPS (SIL 1 coupled with transponder) and SkyEcho transceiver, Harkwood USB power sockets in front cockpit
EFIS - uAvionix AV-30E in both cockpits, with traffic display
£5,500 in accrued funding, covering all major lifed items
Over £5,000 of accessories including a PowerTow tug, full size towbar, 2 Russian chutes, 2 annually serviced life jackets, misc. tools, set of Cambrai Covers and external air cylinders / adapters
WHAT ARE WE LOOKING FOR IN A SHAREHOLDER?
Capable pilots (100+hrs SEP) with a commitment to safety who can work constructively as part of a team. To buy a share you must become a Company Director, simply requiring you to be solvent with no criminal record.
WHAT ARE YOUR COMMITMENTS?
A monthly fee of £252.11 and a hourly rate (dry) of £67.20, applied from take-off to landing.
Any unbudgeted expenditure is shared equally between shareholders; Popham Airfield membership £170, provides free landings, and LAA membership.
WHAT ARE WE ASKING FOR A FIFTH SHAREHOLDING?
£10,950, no VAT is applicable
CONTACT ROB ROWE FOR FURTHER INFORMATION:
gyakx@outlook.com or 07976 850533
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