It looks like the guy that wrote about the lousy soft L-29 market started
some good banter.
Unfortunately he is right on the mark! The market has dropped about $20K on
L-29's over the winter. Example the L-29 that sold for $60K would be
difficult to sell for $40K in today's market. Good news however, the oil future
markets took a beating today saying there is a oil surplus! Hopefully that
will work its way down to a kerosene price drop this summer.
Ya, kerosene used to be .80 a gallon and over the course of a year jumped to
$2.75 a gallon out here in Reno, Nevada and that keeps me from flying much
more than once a month.
There are 3 L-29 owners out here on the west coast that got together a few
weeks ago and flew over the Golden Gate and Alcatraz and the Marin Headlands
and we had a great time although it ended up being approximately a$1,500.00
day for me which is a lot of money to blow out the tail pipe. I had a back
seater that threw $600.00 at the cause.
I fly the 757/767 to Hawaii and flying the L-29 still brings a bigger smile
to my face than landing a 767 Heavy in SFO!
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