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Seneca V Shares for Sale

A Rare Opportunity To Join Our Group And Use
One Of The Best Equipped Seneca V's in the U.K

FLEXIBLE BUY-IN & FINANCE OPTIONS AVAILABLE

Interior

We think the interior is outstanding.


We carried out an extensive refurbishment project in August 2018 and replaced with new carpets and side walls. The leather seats and trim were also removed and treated to a thorough restoration process, and we think they are as good as new.


Decals were painstakingly reproduced and replaced, and the plastic trims attended to.


See what you think when you view the aircraft, but we think this is example of the Seneca V is as close as it gets to a factory finish refurbishment.

Group

The aircraft was acquired by the current group in 2016 - very much as a refurbishment project. 

Following a landing incident in 2011, the aircraft was disassembled and stored. Two of the current owners saw the potential and, having negotiated the purchase, arranged for the component parts to be transported to Aerotech, Coventry for the rebuild to commence. 

Alongside the reassembly of the fuselage and flying surfaces, the engines were overhauled by Nicholson-McClaren, and the propellers by Brinkley’s. The opportunity was taken to undertake a detailed refurbishment of the airframe as well as installation of an updated avionics suite (by Sharman Avionics, Sywell) to include a Garmin G500 with synthetic vision with full autopilot integration, a Garmin Traffic Awareness System and many other new items.

To optimise engine management an EDM790 multichannel engine monitor was added. In addition a comprehensive reworking of the the interior - seats, carpets and sidewalls - was completed. The aircraft first flew again in July 2017.

We aim to be a friendly and knowledgeable group who work to maintain and operate the aircraft to a high standard. One of the group members is a multi-engine class rating instructor and instrument rating instructor thus instruction is available so as to get the best out of the aircraft.

Frequently Asked Questions

What is the hourly exclusive wet rate?

Step 1

We invoice each shareholder based on the airborne time and actual fuel used, as shown on the EDM790. The current rates are £40 per hour and £1.36 per litre excluding VAT. This equates to around £225 per hour including VAT when flown at normal cruise settings. This means you are not charged for time carrying out ground checks, and if you use more economical settings (e.g when training) you can reduce your hourly costs.

Why are you selling shares?

Step 2

One of the current group of three has stopped flying and therefore wishes to leave the group. Recognising that the true value of a third share in the aircraft is quite a large sum, and that the aircraft is grossly under utilised, we would like to expand our group to a maximum of five shareholders.

What is the likely value of a share?

Step 2

We recently had the aircraft valued professionally, and we believe a quarter share is worth around £69,995. We all recognise that most people will not have this sort of capital laying dormant in a bank account, and we are more than happy to discuss options we have that would allow a share to be bought over a period of time, rather than outright at the beginning.

Cheshire Aircraft Leasing Ltd, Hunters Moon, Hollins Lane Antrobus Cheshire CW9 6NL

Company No. 10175777, Registered in England & Wales.

Copyright © 2019 Cheshire Aircraft Leasing Ltd. All Rights Reserved.