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Our Mission
To provide personalized general aviation services to pilots and others interested in small airplanes.
Company ProfileModus Management owns N5143H, a 2002 Cessna Turbo 182T. This airplane is available for rent through our aviation partner, Flights, Inc. Additionally, Joe Ventola is a current and licensed Commercial Pilot (instrument, single-engine, land) and is available for certain aviation projects in compliance with FAA regulations. Modus Transportation, Inc. is not a Part 135 air carrier operator.
In the near future we hope to offer flight instruction and aerial photography as part of our aviation division. In the meantime these services can be arranged through Flights, Inc. in our airplane or many others in their fleet. We are also interested in investing in additional aircraft through partnerships, flying clubs, or fractional ownership. Please contact us if you wish to discuss a specific project or would like more information on owning an aircraft in conjunction with Modus Management.
Current opportunity!Modus Management LLC is a defunct company that sold most of its assets to Modus Transportation, Inc. The only asset remaining in the LLC name is N5143H. In order to close down the company we are offering to sell this beautiful 2002 Turbo 182T to an individual or group of partners that is willing to carry the existing loan balance. No cash to the current owner! No cash to the bank! Partial aircraft specs:
The advantages of this deal to the new buyer(s) include:
Now for the bad news: The plane is rapidly approaching 2000 hours total airframe and engine time. The manufacturer recommended time between overhauls is 2000 hours. Although the recommended TBO itself is not compulsory, there is an FAA Airworthiness Directive that compels replacement of the Lycoming crankshaft at 2000 hours. The aircraft will be grounded until the AD is completed. It is obvious that the complete engine overhaul should take place at the same time. Cost of the engine replacement (overhaul) is approximately $40,000. This can be partially financed through the existing note holder (Cessna Finance) but the new buyer(s) will have to agree to come up with the remainder. If - for example - four buyers agree to form a new partnership or LLC and half of the engine cost can be rolled into the financing then each buyer will need to come up with $5,000 cash to keep the airplane flying. The plane will only be off-line for a few days for engine replacement. Otherwise, there are no mechanical problems and all the maintenance logs are complete and available at KAPA. Please leave a message for Joe Ventola at 303-932-8628 or email 5143H@modus1.com if you are interested in more details. Contact Information
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Last modified: August 05, 2007 |
