Currently Hangared at South Valley Regional Airport. For sale: a Cirrus SR22T G6 airplane, available as a quarter share or the entire aircraft. This fully loaded model about 1000 hours and has been meticulously maintained through regular 50 hour and 100 hour checkups while rented to a flight school. The plane is in excellent condition.

Ideal for an individual or group seeking a high-performance aircraft with a proven maintenance history.

Let me explain the low plisting price. The plane is owned by an LLC with 4 partners. An interested buyer would be buying out (replacing) one of the partners. The aircraft was purchased new for over $1.1 MM about 5 years ago. The market prices for an aircraft in this condition is about $840K. The LLC still owes $494k on the aircraft and has about $70k in cash reserves. The interest rate on the current note is 3.75%. If you were to finance this airplane today the interest rate would be over 7% which mean the payment would be double. Each of the partners contributes $1500 a month to the LLC which pays for the hangaring, insurance, maintenance, etc.

Summary: Can get a 1/4 share of a $840,000 airplane for about 100K plus assuming a $1500 payment a month. That payment covers the ongoing cost of hangaring, maintenance, insurance, mortgage payment, etc. Plane also generates revenue when rented to a flight school. Please call with quesitons Reed: 801 358 2495