https://www.witcherfarms.com/auctions/6 ... te-auction

Right now $23K would buy it.

MU-2s are tough, maybe this is an opportunity.

It has older Garmin radios and -10 engines, with less than 2000 hours since O/H.

11 years ago, I bet this was a decent airplane.

Based on photographs, birds have been nesting in this plane.

Might need more than a little TLC to be made flyable.

Truck?

Parts….?

I’m sure there is a story here.

This airplane was tied up in a bankruptcy from 2021 until earlier this year, when the lender got permission to sell it. The loan balance is about $1.2 million. The auction has no reserve.

I'm intrigued by this, anyone here I should speak to who has MU2 experience to get me some ballpark numbers on what it'll take to get airworthy? Barring the engines, deice boots and the always risk of corrosion maybe I'm underthinking how much effort it would be to get it airworthy.

Smart bidders aren't going to bid it up with more than two weeks to go. The last few minutes of the auction might be interesting. Very few things sell cheaply at an auction. Sometimes people get wrapped up in the excitement and spend more than it's worth. It's a good way to sell something though.

Figure 6 months and $200K, if you are lucky.

Lots of ways to be unlucky, though.

Pay only as much as you think you can sell the parts for salvage.

No recent logs, too.

If this goes for over $100K, then someone is a fool, or they have looked at it very closely in person and made some solid assessments.

Mike C.

No-23k isn’t going to buy it. Add a zero and you will be closer.

Okay, good to know when I'd cross the fools line. I don't think that much in logs are missing.

Flightaware is saying < 50 flights in the years since 2013 (last log entry) https://www.flightaware.com/live/flight ... istory/buy

And the last 100 hour was 07/2013 @ 718.4 hobbs and it's 806.7 so it may actually be complete logs best I can tell. I tried registering and viewing the documents tab and I haven't seen anything more than what's in the pictures.

The auction closed this morning...it sold for $100,000.

I'm more interested in how someone convinced a bank to loan $1.2M against it

There was a lot of other collateral for the loan, including real estate and business assets.

I flew this MU-2 for the then-owner in 1993/1994 all over the USA. NICE AIRPLANE THEN.

You called it right on the money - $100k is what it sold for. Definitely more than I was willing to gamble on it.

If there was ever a plane to take that gamble on it’s an mu2.

What a deal. 150k definitely gets that thing back in shape.

* Provided the deal was conditional on SOAP samples and BoreScopes first....
IYAM

T

I flew in and looked at this 3 years ago when the last auction happened. It was sad then. The airport manager indicated it hadn't flown since 2013 (which jived with all the 2013 charts in the plane) and had been sitting outside at that point 2-3 years.

It had bird nests plus wasps or bees in the engines. I doubt 3 more years of sitting outside made it better.

150K would be a good start and might get it to ferry condition but it wouldn't make it a useable airplane.