NEWSLETTER OF THE BUSINESSMEN'S FLYING CLUB

VOLUME XXXIV, NUMBER 8, August, 1999

Jim Williams, Editor




The Businessmen's Flying Club held its monthly worknight on Tuesday, August 3, 1999 at the Naper Aero clubhouse. Flying members Jim Barna, Ken Best, Gerald Bloodsaw, Tom Braid, Tom Carr, Mark Clements, Hubert Elsen, Matt Forsberg, Andrea Hoyt, Jan Jakubiak, Matt Kenner, Ray Kvietkus, Mike Leavy, Jack Lindquist, Bert Toppel, Jim Williams, and Reza Zarafshar attended the meeting.

A motion was made, seconded, and passed to accept the newsletter as the minutes of the last meeting.

TREASURER'S REPORT
Treasurer Tom Braid provided a summary of the financial status of the Club. The treasurer’s report indicates that the BFC cash balance is $76,021.75. We have pre-paid our Naper Aero accommodations for the coming year ($506.25 remaining) thus giving us a grand total of cash and credits of $76,529.00. Total expenses were $1,927.67. The cash gain for the month was $3,559.44. The reserve accounts have a surplus of $9,865. Old work night funds available for upgrades total $1,944 and new work night funds total $2,430.

The details of the Treasurer’s Report can be found at the end of this newsletter.

A motion was made, seconded, and passed to accept the treasurer's report.

AIRCRAFT REPORTS


 
C150
C172
C182
Flying hrs.
16.52
42.8
38.1
SMOH
1605.93
1856.0
1650.3
TBO
1800
2000
1500
TMOH
194
144
-150
Club hrs.
0.59
0
0
Fuel, gph
6.2
7.7
10.82

SMOH -- engine time since major overhaul

TBO -- engine time between overhauls

TMOH -- engine time to major overhaul

150: The wet compass was leaking and has been repaired. The attitude indicator failed and has been replaced with a new unit. The two main tires have been replaced.

172: One of our members landed at a closed runway at Clow that was being resurfaced. There was no problem on landing but while taxiing, the plane’s nosewheel and main exited the paved area. Because the landscaping around the pavement was not yet built up to the required height, the drop to the surface was over 14 inches. Upon attempting to re-enter the taxiway the prop struck the pavement and was substantially damaged.

Our insurance adjuster felt that the engine should be removed, torn down, and tested for damage at an overhaul shop. This is standard practice when a prop is bent more than 3 inches even if there was no engine stoppage. We are very close to TBO on this engine (144 hours remaining) so we will simply have the engine rebuilt now. There is a financial benefit to the club to do this maintenance immediately since the insurance company will fund the cost of engine removal and a complete tear-down. Removing the engine and taking it apart for inspection accounts for a third of the total cost of rebuilding the engine.

We will have any parts out of tolerance replaced, install new mags and a new fuel pump. The original alternator and carburetor will be re-used. G&N in Griffith, IN will do the work. (The BFC has used G&N in the past and Mark mentioned that they do work for the Schaumburg airport as well.) For our purposes, the TBO clock will reset to zero even though this is not a "0 Time" factory remanufactured engine. We expect the net cost of this approach to be around $7,000 versus the nearly $17,000 that we have budgeted in the engine reserve account for this airplane. There was no other damage to the nose strut or to any other sheet metal so N739TU is expected to be ready to return to service in mid-September.

While we are waiting to have the airplane returned to service, we will send both radios out to Michael Avionics and have them bench tested. When Hubert and I flew to Oshkosh during EAA Airventure, Hubert noticed that by tapping the volume control that we could duplicate the failure that pilots have reported intermittently. Assuming that there is some short in the volume control, they should be able to repair the problem once and for all.

182: On the evening of the August meeting, the nose strut had collapsed so we had our "Best" pilot ferry the plane over to Lumanair for the repair. Ken did a fine job holding the nose off the runway.

Since the 172 is out of service, it was proposed to remove the GPS from the 172 and place the functional unit in the 182. The 182s unit was due back from the factory on August 10th.

Don Patterson reported that the CHT was reading zero and that he had trouble cranking the engine until he pulled the propeller through.

Ray Kvietkus and Reza Zarafshar experienced another vacuum pump failure after takeoff into instrument conditions with a 1500-foot ceiling. Fortunately, they were able to turn around and return to Naper Aero. The new vacuum pump has already been installed.

N44WW will be taken out of service on Friday, August 27, 1999 and sold to Robert Luman at Lumanair for $40,000. We are replacing 44WW with a 1998 Cessna 182 with 300 hours on the tach. The tail number of the new airplane is N290MA.
 
 

OLD BUSINESS

Mark Clements announced that the board had done a very poor job communicating the intricacies of the proposal for an increase in each member’s paid in equity capital. This proposal will be tabled for the time being.

Ken Best’s By-Law modification proposals will also be tabled.

There was a motion to accept the board’s recommendation for new aircraft rental rates. The motion was seconded and ratified with two members voting against the proposal. The new rates are:

  1. $35
172 $40
  1. $60
You will be billed at the new rates as of August 1, 1999.

Nick Davis will once again be planning our annual Christmas Party on either December 5th or the 12th. Suggestions for the restaurant included Carson’s in Wheaton and Lorenzo’s at the Fox Valley Mall. Contact Nick if you have a suggestion you would like to have considered by the membership.

A board meeting was held on Wednesday August 18th to consider a proposal to sell 44WW and to purchase N290MA. Mark Clements, Matt Kenner, Nick Davis, Bert Toppel and Reza Zarafshar attended. Robert Luman offered to buy 44WW for $40,000 and refurbish the aircraft. Mark was able to track down a 1998 model 182 with 300 hours total time that had been sold to an individual who now wants to upgrade to a C206.

Originally, the plane was flown by the Cessna regional manager as a demonstrator. This plane has a full leather interior and a three-blade prop. The board decided to upgrade the avionics package to include a DME and a strike finder. Of course, the plane was already equipped with an approach certified GPS, two- axis autopilot and dual vacuum pumps - just like the model that we had all test-flown back in April. There is still one year remaining on the warranty. The total purchase price is $210,000 and the avionics upgrades will cost an additional $8,000. With the surplus in the engine reserve for the 182 and the reduced cost of overhauling the 172, the financing package will be very close to the original pro-forma statement approved by the membership.

NEW BUSINESS

Many of us have been the harassment victims of a lawsuit filed by attorneys for the estate of candy heiress Helen Brach. The Brach farm is the land north of Naper Aero and the lawsuit attempts to prevent pilots from landing or taking off over the farm. Naper Aero Club is already protected by a state law restricting things such as building height, landscaping and vegetation in areas surrounding the airstrip so they don’t interfere or create any danger for pilots on the glideslope.

Attorney for the pilots, Leigh Pietsch, will move to have the venue shifted to federal court since the U. S. Government represented by the FAA has sole jurisdiction over airspace. Since airspace control is a sovereign right, Mr. Pietsch expects to be granted a motion of dismissal.

Naper Aero Club has already been in court for over ten years in various skirmishes with the Brach estate.

After the financial closing for the purchase of the new plane, our instructors will be checked out for operation of the new 182. Each Class III member must schedule a check ride with a club instructor in order to receive a logbook endorsement for make and model and receive a set of keys. We will order a supply of handbooks to make available to all club members to study up on operating characteristics of the new aircraft. All of our wonderful club instructors have volunteered to donate their time and provide check rides at no charge to members. Your only cost will be the aircraft rental charge of $60/hour.

Treasurer Tom Braid has just mailed out AVEMCO insurance updates that must be filled out and returned to Tom immediately! Tom has included a stamped envelope addressed to the BFC or you can fax the form to Tom at 630-252-8236.

WHAT'S UP WITH WHO'S UP

Hubert Elsen just completed his Level 3 Wings certification.

Andrea Hoyt had her cast off for the August meeting and is anxious to resume flying.

Larry Bothe e-mailed to let us know that he has officially retired from Selfix as of August 20th. Larry had originally thought that he would take a month long vacation, travel out west with Pat, and then start doing some flight instructing. As luck would have it, a new FBO is opening at the Seymour airport and recognizing a good thing when they see it, they have approached Larry about managing the operation. Larry writes, "For the second time in my life, I might really be at the right place at the right time. (The first was a certain Christmas dinner in 1993 when I met Pat.)" Who says pilots can’t be romantic! I hope this job works out for you, Larry. You would be perfect! I’m always thrilled to hear about another club member finding a way to make a living in aviation.

As you can see below, Bob Betyomoran has joined the refreshment list for recognition of achievement in a big way this month. Bob passed both his written exam and his check ride for his Commercial License. Bob read of my plea for activity for our dangerously short list, called me at home and said: " I forgot to let you know...." Bob flew with David Johnwick at A&M based at Clow International and finished up with an instructor in Arizona flying a Cutlass RG. Bob completed the check ride in May so I’ve also updated his BFR date on the roster to reflect his new rating.

If you’re like Bob and have been hiding your light under a bushel, please give me a call. Applications to the refreshment list of the new millennium are being accepted now.
 
 

REFRESHMENT LIST

The BFC refreshment list was created as another way of recognizing special achievements. Criteria for membership vary with the length of the list. The person scheduled for refreshments should bring beverages and desert to the club meeting. If unable to attend, he or she should arrange to trade meeting dates with someone else on the list.

Hubert Elsen September, 1999

Bob Betyomaran October, 1999

Bob Betyomaran November, 1999

MEMBERSHIP

Steve Miller resigned his membership but with the plethora of airplanes in the family we’re certain that he’ll still have plenty of opportunity to take to the skies. Jan Jakubiak was the only person on the waiting list that attended the meeting so she jumped from eighth place to the pole position. Jan has a little over eighteen hours so far flying a 172 at Lumanair and joins as a Class II member. Jan teaches physical education in Naperville District 203 schools.

Membership waiting list:

Chuck Walton

Craig McCormack

Andree DeSas

Anthony Marchechi

Lonnie Horn

Carl Price

Richard Widdicombe

Dave Irwin

Kevin Brady

Thomas McDonald (check ride not completed)

Ed Vogler

Tom, please let me know when you have completed a check ride with one of the club instructors. Also, please have your instructor mail the application in to the BFC.

Potential members are reminded that they must be present at the meeting when an opening is announced and be prepared to purchase the class of membership they prefer. Memberships may be upgraded at any time without penalty at prevailing rates.

SAFETY TOPICS

The best way to insure safety is by remaining current for take-offs and landings, night landings, and maintaining IFR currency at all times. The other important requirement is to have a routine medical examination and a BFR. Our roster still has entries for medical exams and BFRs that are expired. Please update your information with me as soon as possible.
 
 

NEXT BUSINESS MEETING

The Businessmen's Flying Club will hold its next work night and cookout on Tuesday evening, September 7, 1999 at the Naper Aero clubhouse. Plan to arrive as early as you can after 4:30 PM. Work night credits are still in effect so be sure not to miss out on your $72 refund for 3 work night credits!

Work Night Credits:

Jim Barna 4

Jeff Braxton 1

Mark Clements 4

Nick Davis 4

Hubert Elsen 4

Matt Forsberg 2

Mike Goin 2*

Russ Haack 1

Harrison Hooker 1

Andrea Hoyt 3

Matt Kenner 4

Ray Kvietkus 5

Mike Leavy 3

Tom Lechner 2

Ken Leibach 2

Jack Lindquist 3

Craig Matteson 1

Dan Michael 1

Mike Pastore 1

Don Patterson 4

Len Pirard 1

Dan Rolfs 1

Bert Toppel 4

Joe Weston 4

Jim Williams 4

Reza Zarafshar 5

TREASURER'S DETAIL FOR

July, 1999

INCOME

Billed charges, June, July Invoice:

Previous (-$540.45) $1,188.67

Dues, work night $2,025.00

June flying $2,716.90

Late fees $112.96

Total billed charges $6,043.53

Credits:

Expenses (-$182.45)

Balance Changes (-$177.37)

Net Invoice (-363.08) $5,683.72

Receipts

Charges $4,769.14

Interest (NOW) $15.03

Interest (MBNA) $234.13

Total receipts $5,018.30

PAYMENTS

Credits to members:

Fuel Away $276.06

Office 0.00

Postage $33.00

Total credits $300.06

Payments to outsiders:

Ameritech $16.54

Selig

C182 Wheel Fairing $110.00

Naper Aero

Accommodations $267.00

Fuel $1,056.24

Total payment to outsiders $1,458.86

Credit, Naper (-$168.75)

Total expenses $1,927.67

Cash Gain $3,559.44

BALANCES

NOW account $17,176.32

MBNA money market $58,845.43

Cash Total $76,021.75

Credit, Naper Aero $506.25

Grand Total $76,529.00

Receivable $1,056.24

Liabilities -$504.74

RESERVES

Insurance $1,650

Work night (Old) $1,944

(New) $2,430

Engines

C150 $12,854

C172 $16,828

C182 $26,933

Annuals $4,025

Total reserves $66,664

RESERVE SUPLUS $9,865

Retained Capital (inactive) $4,150
 
 
 
 
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