Tom F

Mikeoh opinions are certainly like belly buttons, everyone has one. You appear to have a hard on for anything related to the Mooney operation. Or maybe, comprehension is an issue for you. Do you have anything constructive to add or do you like making pointless statements. Is Lasar supposed to shit the money to buy Mooney? Chances are someday you’ll need something, good luck. Or maybe, you’re just happy polishing your hangar queen.

I looked at that bird when it was for sale before the 3rd gear up. It's a bargain for a reason. And fwiw, Brian is the long body guru. As a matter of fact, my bird is at his shop at this very moment.

The reality is, Lasar is raising money in the assurance program, they are lining up investors, and the crowd source is probably the best option for the masses. If half of the airframe owners pitch in on average $1,000 that would raise $3.5mm. That gets them up and running, eliminates current ownership, and to think about starting out without debt, they could build inventory then get a bank loan for improvements. As I have said before this is similar to buying a EAA Lifetime membership. You feel good supporting an organization and if you own a Mooney, the success of the company that built the plane you fly around in has factory support. That support is in the form of parts, engineering, upgrades........ We have a company to save, I challenge each and every one of you to contribute to what I believe is a worthy cause. The alternative is, well there really isn't a viable alternative. If you so desire, click the link and contribute whatever you can so we be part of the next chapter of Mooney. Thanks for your consideration. https://www.lasaraviation.com/contribute

My understanding is the parts deal is done and the entirety of the company is what’s under contract and pending.

I think I want one of those spinning screamers. O3 too slow.

It looks like the guys at Lasar are listening to the feedback. There are more details on the website. I am reviewing.

That assumes they have successfully purchased Mooney. Not what I’d call the spirit of the deal however. I’m sure the Lasar guys will take your shortcut into consideration. Good luck with that.

While I do not have firsthand knowledge of the agreement between Lasar and Mooney, I believe you are correct with regard to the name and the PC, TC, PMA’s STC’s etc.

I would assume you may be correct on Mooney being broke. Please provide some information to back your claim of Lasar’s financial condition. I’ll monitor and wait for factual information to back your claim.

You may very well be correct. Unfortunately that’s not where we find ourselves today.

Nothing, except it’s not for sale for a $1.00. Business go out of business everyday without filing bankruptcy. You’ve made an assumption without any knowledge of the actual facts.

Tim, 100% agree.

Yes you are correct. OEM have largely Mooney specified parts and will only sell them to Mooney. The costs of engineering inventory and running a business would dictate a 3x cost on said OEM parts. I equate any assurance program or other form of support like buying an EAA lifetime membership at 60 years old. It’s purely for a belief in the cause and because I care enough to support them. The financial ROI isn’t a concern. The amount of money I spend on my airplane isn’t exactly a good ROI, it’s a lifestyle choice. Sure it’s convenient and saves some time over airline travel, but really I could survive without the plane.

I could be and probably am off a little but if 6500 planes average $150k that’s $975,000,000. A nominal 5% decrease in value is $48,750,000. My cocktail napkin calculation thinks a new owner could do what Lasar is attempting for maybe $6-8mm. I certainly agree with you completely on the services that could be offered as an add on to the revenue stream.

Agreed, but for whatever reason they’ve not stepped up. In the current Mooney ecosystem either Lasar or Maxwell would seem to be the naturals to take the lead.