buy and sell planes - Pilatus Owners and Pilots Association
Transcription
buy and sell planes - Pilatus Owners and Pilots Association
10 TIPS FOR BETTER LANDINGS! P I L AT U S O W N E R S A N D P I L O T S A S S O C I AT I O N • WINTER 2012 PROFICIENCY in EASY PIECES 5 PLUS JEPPS ON YOUR IPAD EXPLORING LEASEBACKS FLYING WITH FRANK SINATRA 5 BLADE PROP IS IT WORTH IT? HERE COME SPRING THUNDERSTORMS CALCULATING PERFORMANCE BUY AND SELL PLANES WITHOUT PAYING TAXES W I N T E R 2 0 1 2 P OPA M AG A Z I N E 1 George Antoniadis IS PROUDLY PT6. Having exclusively flown PT6-powered aircraft in his PlaneSense® fractional program, founder and CEO George Antoniadis is proudly PT6. With 68 different models, the PT6 provides versatility like no other turboprop engine. With continual technology improvements and rock-solid performance, it defines the future. Are you proudly PT6? Join the nation. At PT6Nation.com. CONTENTS PILATUS OWNERS AND PILOTS ASSOCIATION • WINTER 2012 • VOLUME 15, ISSUE 1 8 42 22 38 DEPARTMENTS 6 FROM THE PRESIDENT 8 NEW & NOTABLE 12 ONBOARD LADIES CORNER 42 WEEKENDERS Travel Hot Spots 46 BOTTOM LINES Buy and sell airplanes without paying taxes. BY HARRY DANIELS, CPA, CFP, PFS, CVA 48 VECTORS The Chinese aviation industry is alive and well. It could be a great time for American investors. BY JOHN BREMNER 50 MIPAD Professional charts for the iPad Jepp TC and FD. BY JOHN D. RULEY 52 CABIN CUISINE Celebrity recipes to make and take with you. BOBBY FLAY 54 TEST YOURSELF Trivia smackdown FEATURES 14 PILATUS PILOT PROFICIENCY IN FIVE EASY PIECES You’re only as good as your next flight. BY PAUL K. SANCHEZ 18 SPRING THUNDERSTORMS You might take them on differently than you would at low altitudes. BY BILL COX 22 LIFE WITH THE 5-BLADE MT PROP Is it really worth the extra money? BY MIKE DENNIS 26 PERFORMANCE PLUS...AND MINUS? Knowing what your airplane can and can’t do is critical. BY JOHN MORRIS 30 10 TIPS FOR BETTER LANDINGS Energy management makes all the difference. Here’s how. BY SCOTT PERDUE 36 EXPLORING AIRCRAFT LEASE AGREEMENTS There is no one-size-fits-all document. BY JONATHAN LEVY 38 BEING FRANK An aircraft salvage company discovers a remarkable airplane. BY DAVIN COBURN 56 TRAVEL Thousands of humpbacks come to the Dominican Republic and offer you a once-in-a-lifetime encounter with whales. BY LYN FREEMAN From the President P Pilatus provides product support 24/7 and has been No. 1 in the Professional Pilot Product Support Survey for the past 10 years. As a testimonial to this commitment, a POPA board member was AOG in the Bahamas on Christmas day with a trim malfunction at startup. The service centers were appropriately taking the day off, yet the Pilatus Technical Service Engineering Team and the top Honeywell field service contact responded immediately. They provided the support needed for the AOG aircraft to be safely flown back to Connecticut with only a two-hour delay. This commitment is one of the many reasons Pilatus has remained the turboprop of choice. The knowledge and economic benefits afforded to POPA members are significant. The knowledge part is primarily conveyed at our annual convention and on our web site postings. Economic benefits are a board priority, and the list is growing. The cornerstone is a new relationship with UVAir providing a POPA members’ fuel card with a special fuel discount and no annual fees. Enrollment information is on our web site. The fuel-card savings alone should exceed the cost of the POPA membership. As stated in my last letter, these savings should benefit current members and create incentives for non-member PC-12 owners to join POPA. Increasing our membership, which currently represents only a third of the fleet, should help enhance the safety of the fleet by having the POPA knowledge base reach a wider Pilatus audience. On Jan. 20, your board held its quarterly directors’ meeting in Dallas where Flight Safety International provided a tour of its facility, including flights in a level-D G150 simulator. This was my first experience in a level-D full-motion simulator and, as many of you already know, it is very impressive with a complete cockpit, lifelike visuals and performance qualifying for FAA type and currency endorsements. FSI is building a PC-12/47E level-D simulator which is expected to be available Nov. 12. FSI’s undertaking will be a significant addition to the training available to the PC-12 pilot. Over the past year, an increasing number of FBOs are no longer supplying Jet A premixed with Prist, as was the norm in the past. The PC-12 requires Prist, and the lack of it can be catastrophic as was demonstrated in the 2010 Increasing our membership, which currently represents only a third of the fleet, should help enhance the safety of the fleet by having the POPA knowledge base reach a wider Pilatus audience. 6 I POPA M AG A ZINE I W INTER 2012 PC-12 accident in Montana. It is the responsibility of the PIC to insure that Prist is added during fueling. While your board had decided to develop a fueling additive requirement decal for the PC-12 this past summer, Pilatus was independently working on the same concept. A free service bulletin is expected in the next month that will provide two decals which are to be located next to the fuel caps. To comply with revised POPA bylaws, the board will now stand for re-election annually in June. Your board has added an additional member. Please join me in welcoming Dan Muller to the POPA Board of Directors. He is a commercial pilot with 4,400 hours and has SEL, MEL, IFR, CFI, CFII and L-188 ratings. He has flown more than 1,000 hours in his PC-12 N489JG and has 2,800 Navy flight hours in T-28s as a formation flight instructor and in P-3s as an aircraft commander patrolling the North Atlantic and Mediterranean. He is president of JKL International, Inc., and flies out of KSMQ in Somerset, N.J. With this addition, the board now represents all three categories of PC-12s: /45, /47 and /47E. The POPA 2012 Convention is planned for June 8 and 9 at the Sarasota, Fla., Ritz Carlton. The agenda is packed with many presentations to help member pilots fly more safely and more efficiently. Your convention should not be missed, and I look forward to seeing you in Florida. “POPA … We Elevate the Pilatus Experience” P I L AT U S O W N E R S A N D P I L O T S A S S O C I AT I O N WINTER 2012 VOLUME 15/ NUMBER 1 POPA BOARD EXECUTIVE DIRECTOR Laura Mason Phone: 520.299.7485 Fax: 520.844.6161 Cell: 520.907.6976 [email protected] PRESIDENT Pete Welles VICE PRESIDENT Joe Howley SECRETARY/TREASURER Brian Cleary BOARD MEMBER Jack Long BOARD ADVISORS Ty Carter Bob MacLean Dan Muller Phil Winters Piotr “Pete” Wolak AJ PUBLICATIONS STAFF EDITOR-IN-CHIEF Lyn Freeman MANAGING EDITOR Michelle Carter SENIOR EDITOR Bill Cox ASSOCIATE EDITOR Hans Lubke EDITORIAL ASSISTANTS William Henrys CONTRIBUTING EDITORS Nina Harris, Paul Simington, Katrina Bradelaw, Paul Sanchez, Wayne Rash Jr. ART DIRECTOR Robbie Destocki PHOTOGRAPHY Paul Bowen, Mary Schwinn, James Lawrence, Lyn Freeman, Jodi Butler, Gregory L. Harris PUBLISHER Thierry Pouille ASSOCIATE PUBLISHER Sophie Pouille PRODUCTION MANAGER, U.S. Guillaume Fabry ADVERTISING SALES Thierry Pouille, +1 561.452.1225 AD SALES COORDINATOR Anais Pouille, 1+ 561.841.1551 CORPORATE OFFICES 1935 Commerce Lane, Suite 3 Jupiter, Florida 33458 Telephone: (561) 841-1551 Fax: (954) 252-3935 FOR SUBSCRIPTIONS, REPRINTS, BACK ISSUES please log onto www.PilatusOwners.org CONTACT THE EDITOR: [email protected] CONTACT THE PUBLISHER: [email protected] ©2012 Pilatus Owners and Pilots Magazine is published quarterly. All rights reserved. Reproduction in any form without written permission from the publisher is prohibited. Please send comments to the attention of the publisher. PRINTED IN THE USA. New Products C Canon’s New Powershot G12 P MUST HAVE Four years ago, the largest peacetime gathering of P-51s since World War II took place in Columbus, Ohio. Officially referred to as The Gathering of Mustangs and Legends, the event brought together the lion’s share of the world’s remaining airworthy North American Mustangs as well as many of the pilots who flew them in combat. The event also attracted the U.S. Air Force‘s Heritage Flight Program and included appearances by the F-22 Raptor, the Thunderbirds and more. Now über artist Paul Bowen has edited some of the finest aviation photos from the event and produced a coffee-table book par excellence. See an incredible collection of P-51 Mustang images as well as prized shots of modern Air Force firepower in The Gathering of Mustangs and Legends, The Final Roundup. Visit GatheringFoundation.org to order online. Orders outside of the United States must be placed by phone at 407.846.7251 You Oughta Be in Pictures Now it’s easy to relive your adventures, thanks to the new NFlightcam video-camera systems. It’s a piece of cake to use. The ultra-wide 170-degree lens provides sharp detail of your landing at an interesting location, your first solo flight, or your latest aerobatic accomplishment. The GPS model logs your exact location as it records. Play back your video alongside speed, altitude and position readouts on Google Earth maps. The NFlightcam weighs 4.2 oz. and operates for up to two hours on a single charge. Easy transfer makes great viewing on your computer or big-screen TV for the ultimate ocular enjoyment! Available at Sportys.com or by calling 800.776.7897. IPAD TO YOUR KNEE Po Point-and-shoot camer eras just keep getting m more amazing, and that’s certainly the case th in point for the new Canon Powershot G12. Canon’s Powershot G-series is a stalwart of the highend compact camera m market. Originally designed to offer film de SL SLR users a (relatively) affordable ladder into en enthusiast digital imaging, over the past 10 years G-series cameras have evolved to become what they are now — aspirational, high-quality compact cameras and attractive second bodies for existing DSLR users, fitting into the niche between “mainstream” compact offerings and small DSLRs. The G12 can shoot RAW + JPEG at the same time and has 720p hi-def video capabilities. See it at USA.Canon.com or dial 800.652.2666. Telex is All Ears A new design in headsets for turbine pilots is drawing its share of attention. The Ascend from Telex has a five-pin XLR (Airbus type) connector for comfortable cockpit-active noise reduction. A quick swap-out, and the Ascend can connect to stereo entertainment, iPad or MP3 players for passengers in the cabin. The new headset can be powered off the microphone plug or a rechargeable battery, again, at the pilot’s choice. Use the Ascend to speak with ATC, then convert it to listen to music on a layover. Best may be the fact that the Ascend’s earcups pivot a full 180 degrees, enabling the headset to fold flat for compact storage. Learn more at Telex.com. A new kneeboard from ASA makes a happy home for your iPad in the cockpit. The portfolio-style presentation allows full access to all the buttons, and there’s a hard writing surface on the left, opposite the face of the iPad. The iPad Kneeboard’s cover slides to make a horizontal or vertical desktop and works with both iPads 1 and 2. For more, go to ASA2fly.com. 8 I POPA M AG A ZINE I W INTER 2012 control yourself. Isn’t it time you took greater control RYHU\RXU\LQJH[SHULHQFH"6WHSXSWR WKHQHZ3LODWXV3&1*IRUWKHSHUIHFW solution. Featuring the state-of-the-art +RQH\ZHOO3ULPXV$SH[DYLRQLFVVXLWHZLWK IRXUODUJHKLJKUHVROXWLRQGLVSOD\VWKH 3&1*JLYHV\RXFRPSOHWHFRQ¬GHQFH DQGFRQWURORYHUHYHU\LJKW<RXJHW¤%LJ ,URQ¥FDSDELOLW\WKDWLVVXUSULVLQJO\HDV\ WRXVH)RUWKH3&1*FDQ HYHQEHFRQ¬JXUHGZLWKWKH6PDUW9LHZ V\QWKHWLFYLVLRQV\VWHPIHDWXULQJ JUDSKLFDO'WHUUDLQDQGWUDFNEDVHG LJKWSDWKV\PERORJ\IRUXQSUHFHGHQWHG situational awareness. Make a call now to schedule a demonstration in the new 3&1*,W§VWLPH\RXSXW\RXUVHOI EDFNLQFRQWURO Come fly the PC-12 NG at a dealer near you Call 800.745.2887 or visit pilatus-aircraft.com You may have tried photochromic lenses before, those glasses that turn darker in the daylight and get clear when you come back inside. Fifteen years ago, the experience was not all that romantic. Seemed like it took forever for the darned things to get dark and twice that long for them to clear up again. Sheesh. The technology seemed neat, but on balance, not ready for primetime. Now photochromics have come of age, and the results could be interesting to almost all pilots. “This is now the sixth generation of these lenses,” said Brian Hauser, the general manager at Transitions Optical in the U.S. and Canada, the leader of the pack for photochromic technologies. “We’re proud of what these new lenses can do.” Photochromics work because there’s a comparatively big, light-sensitive organic molecule sandwiched into the glass. When struck by UV light (invisible), these molecules turn dark. After the light is removed, the process goes the other way. The lenses do not change in artificial light (indoors) because of the lack of ultraviolet wavelengths. Since older photochromic lenses only reacted to UV, they didn’t darken very well in your car or your airplane because the glass windshield filters out the ultraviolet light. Things have changed. “This new generation of lenses now activates from a small amount of visible light,” Hauser said. Bottom line, even though your car and your plane block the UV light, Transition lenses now work swell in your cockpit. Even better, the new Transition lenses can be made with your eye-correction prescription and can be placed in almost all the frames available from your optometrist. That also means that your new go-anywhere glasses are likely covered in any vision care benefits your insurance might offer. You can be stylish and practical at the same time, conditions that are sometimes mutually exclusive. Cost of the lenses range between $50 and $150. This new technology is so good that photochromic motorcycle helmet visors are now the rage, and it surely only a matter of moments before aviation headsets offer the feature as well. We had a chance to fly several pair of the new lenses and have to admit we were impressed. We put them on during the run up and, a short moment later when we received take off clearance, the lenses were appropriately dark and comfortable. Climbing through the overcast and into the bright sunlight, the glasses turned even darker. Back at the FBO, the lenses immediately began to lighten up. “Within three minutes, you’ll have more than 50 precent return to clear. Each generation of technology gets a little bit faster,” Hauser explained. Transitions sent us three pair of glasses that we tested in the cockpit and photographed the results: Above the overcast in bright sun Below the clouds in diffused light AN IDEA WHOSE TIME HAS COME Indoors after three minutes Exposed to direct sunlight Indoors after nine minutes The new photochromic technology is great and in effect gives you the perfect pair of glasses for virtually any amount of light, inside or out. Get smarter at Transitions.com or by calling 1-800-533-2081. 10 I POPA M AG A ZINE I W INTER 2012 Q&A By Ted Otto FALL 2011 QUESTIONS Question #3: Does the windshield heat have t o to function for flight? Question #1: Which system has auto priority? TAWC or TCAS? Question #3 Answer: Windshield Heat must operate on at least on heating zone. Question #1 Answer: TAWS has auto priority. Question #4: What trims must function for each flight? Question #2: When must the oxygen lever be in the on position? Question #2 Answer: Oxygen lever must be on anytime the engine is running. Question #4 Answer: The Kinds of operation equipment list shows that all trims must work prior to flight, however in the limitations section it says normal and alternate stab trim, and rudder trim must work. No mention of lateral trim system. WINTER 2012 QUESTIONS 1. What is the proper method of boot de-ice care? 2. Will operation of the rudder trim disengage the autopilot? 3. When is recommended that we use anti-ice additive for fuel? 4. What is the maximum altitude that we may attempt an air restart? WI N T E R 2012 I POPA M AG A Z IN E I 11 OnBoard LADIES CORNER Paperless Post Longchamp L h T Toiletry l Bag The Complete Swiss Army Knife Send custom, personalized invitations and announcements online! Remember the days when everyone communicated using paper and ink? Correspondence was personal and intentional. Now Paperless Post allows you to bring that personal touch back. This great toiletry bag from Longchamp holds everything you need when you’re traveling around the world in your plane. Store your makeup, jewelry or toiletries in this convenient portable bag that comes in a multitude of colors. This is the largest Swiss Army knife in the world, holder of the Guinness World Record for the Most Multifunctional Penknife, with 87 precision-engineered tools spanning 112 functions. A perfect tool to keep in the plane! PaperlessPost.com Longchamp.com Hammacher.com Dogbrella Perfect gifts, perfect for travel, and not out-of-place in the most elegant settings in the world, these genuine leather passport covers, by Baekgaard, will make you the envy of the airport. It’s time to eliminate the e e excuse “It’s too wet for a walk.” w T This inverted um umbrella forms aw waterproof ccocoon around co a ssmall dog, ena enabling canine and master to maintain a walking regimen in inclement weather, shedding rain, sleet and snow while allowing an unfettered view of your walking companion. The tip of the umbrella hooks to your pet’s leash to keep it from straying beyond its protective canopy. TouchofEurope.net Hammacher.com Colorful C l Passport Covers Manhattan 2800 Acoustic Series Bluetooth Speakers Maximize gaming, music and movie experiences with the Manhattan 2800 Acoustic Series Bluetooth Bookshelf Speaker system. Easily paired with computers and other Bluetooth-enabled devices, these speakers provide clear, wireless reception and quality stereo audio enjoyment. Manhattan-Products.com HOT APPS Available at your AppStore. For the Traveler: Menu in Spanish? No problem. Point the app at it and watch Word Lens transform. The app is free; language packs are limited currently and available for $9.99. For the Photographer: PerfecTea Maker II Teavana’s new PerfecTea Maker II has arrived! It makes four 8-ounce cups of tea at once as it steeps tea quickly and allows it to drain out the bottom, straining the used leaves. Works perfectly for making hot or iced teas! POPA For your stylish friends and family, this belt is sure to please! With different colors, leather styles and buckles to choose from, the options are endless! ToryBurch.com Teavana.com 12 I Orange Gold Logo Medallion Belt M AG A ZINE I W INTER 2012 Photoshop Express offers basic editing features, to make your pictures look even better! Best of all, it’s free. For the Social: Tap your phone against another Bump-enabled device and your information (name, photo, email, phone numbers, Facebook, etc.) gets beamed over to the other contact list. P I L O T T A L K PILATUS PILOT PROFICENCY IN FIVE EASY PIECES YOU’RE ONLY AS GOOD AS YOUR NEXT FLIGHT. By Paul K. Sanchez One of the benefits of doing initial/refresher courses in PC-12s is that I see a lot of common errors on the initials and mis-taughts on the refresher courses. Some of it is related to avionics software; other times it is a misunderstanding of aerodynamics of the PC-12 aircraft itself. Let’s take a look at a few and see how this can dramatically change your next refresher and, better still, your next flight. 1 A GOOD PILOT ALWAYS FOLLOWS THE DIRECTOR. Most commonly, I see pilots not using the director on the Honeywell KFC325. They’ll gladly engage the autopilot (which always has the flight director programmed) but won’t program the director before take-off/climb/descents/approach/ landings for suggestions. In fact, the flight director is probably (and admittedly) the best Pilatus PC-12 instrument instructor around. He’s always there in the aircraft on time and always suggests what bank angle/pitch angle to use to accomplish what you told him. And, of course, the Honeywell KFC325 flight director has got more flight time in PC-12s than any other instructor that I know. Of course, his only fault (if I do say so myself) is that he can’t talk, but he does move his hands left/right/up/down in suggestions very well. So why are we not using this flight instructor by telling him what we are trying to accomplish for a given segment of flight? At the hold-short line, press the FD button on the KFC325 flight computer, press GA (go-around) on the power-control lever and, just like that, you now have the flight director showing you how to get to wings-level with 8-degree positive pitch. Set the heading bug on the runway alignment, and the director will show you how to stay on that heading. Select the altitude you cleared for (“climb and maintain 4k, expect xxxx in 10 minutes”) and press ARM on the KAS297, and the director will suggest how to level off for capture. In fact, when told to take heading “xxx” and join the transition, press the NAV button on the KFC325 flight computer, and the director will show you how to blend in. Amazing. After takeoff, I would suggest using a Vy appropriate to your weight for indicated air speed (IAS) hold mode on the KFC325. 2 ALTITUDE IS YOUR FRIEND; IT WILL NEVER LET YOU DOWN. Now comes the issue that many previous piston drivers have to learn: Altitude control is the same as fuel/range/speed/endurance control. WI N T E R 2012 I POPA M AG A Z IN E I 15 Pilatus Pilot Proficiency PILOT TALK Let’s take a look with our handydandy Pilatus PC-12 iPad application. A PC-12-47E (10,400 lbs.) at sea level (ISA=0) does 229 knots true air speed (36.9 psi torque) at ONLY 614 lbs. per hour of kerosene. I guarantee you’ll get a Christmas card from your FBO every year if low-altitude flight is your preference. Now let’s say that, because we want to do about a 270 nm flight, we decide instead to ask for FL300 (or FL280 if non-RVSM approved). Our wonderful Pilatus iPad app now says 242 knots true air speed (22.8 psi of torque) with substantially LESS flow 325 lbs./hour of kerosene. In fact, this is 7.44 nm/10 lbs. of kerosene rather than 3.72 nm/10 lbs. of kerosene, about a 99.67 percent INCREASE in fuel efficiency. Now that really does change your endurance/nm range, etc. So the quick mantra is simple: Go upstairs and stay upstairs. For every nine miles of the trip, climb 1,000 feet AGL. 3 I’M STUCK, AND I CAN’T GET DOWN! Since our wonderful Swiss-made Pilatus PC-12 has the highest wing-loading (37.6 lbs./sq. ft.) of any single-engine aircraft, I don’t think any of them have trouble knowing which way the ground is. In fact, it is usually learning when to START the descent that many owners have trouble with. If only there was a tool on the Garmin GNS530W that would calculate the vertical speed required (VSR) 5 x second to get to destination (and elevation)? Ah, but wait there is such a tool, the under-taught VNAV button. Vertical navigation (VNAV) can be done on the ground even before leaving the airport. Have your flight plan complete (at least with origination and destination), press the VNAV button and enter the following data. 0’ ABOVE WAYPOINT 0.0 nm BEFORE Kxxx Target VS -1500 fpm On the Garmin GNS530W, use the vertical speed required (VSR) in the lower right corner data field on NAV Pages 1 and 2. Now “5 x second.” Your trigonometry whiz kid is going to show you what descent rate you need to get to your destination elevation (current altitude-airport elevation)/estimated time remaining). When it gets to about -1500 fpm for VSR, it is time to start negotiating your descent to a lower altitude. When it gets to -2250 fpm, be insistent. You’ll find that when your ground speed x 5 = the VSR, that is just about a 3-degree descent angle. Good enough for government work. As you descend and your ground speed decreases, vertical speed required will also decrease. This tool can be used all the way to the ground or just a crossing restriction per Center’s request. 4 WHAT IS YOUR ANGLE ON THIS? Not to be critical of anyone here but I swear up and down I was initially taught that a wing with same flap setting will always stall at the same angle of attack. The calibrated air speed that the stall occurs is a function of weight. So if our Honeywell 16 I POPA M AG A ZINE I W INTER 2012 EFS50 attitude indicator shows angle of attack (Vs x 1.3), why are we not using it? Crossing the runway threshold with 105 kcas rather than 84 kcas (Vref flaps 40 degrees) means a very long float for 10 seconds as the end of the runway gets closer and closer. This is not good. Remember our powerful Pratt & Whitney can’t help us with reverse until the wheels are on the ground. I would estimate about 1,600 feet of unintended additional runway before touchdown if the approach speed is 21 knots greater than Vref. Not good and not fun. So let’s have a different plan here. We know what our landing weight will be (±100 lbs.) and thus can determine our Vref for the flap setting intended. Our iPad app says for 9,900 lbs. Vref flaps 40 degrees is 84 kias. At an extremely low weight of 6,400 lbs., the Vref flaps 40 degrees is 67 kias. Since 67/84 = 79.7 percent and 6,400 lbs./9,900 lbs. = 64.6 percent, we’ve discovered a great rule of thumb: 2 percent less weight is 1 percent less Vref. Of course, the engineer in the back would chime in here to say that the square root of landing weight/maximum weight is the percent Vspeed adjustment, but sometimes rules of thumb don’t get in the way of sound decisions. So our mantra here is, if not at 100 percent weight, don’t use 100 percent Vspeeds and expect your PC-12 to behave the same. 5 EXTENDING OUTWARD YOUR TRAIN OF THOUGHT. Now we have to face the fact that not every runway has published RNAV approach with a decision height 250 feet AGL. Sometimes, because of winds (or FAA budget problems), you have to do a visual on the runway that does not have a published procedure. So how do we make one “on the fly”? My recommendation is that when you are less than 10 nm to your destination airport, you should have known (or decided) which runway to use. With the flight director in heading mode, press the –D-> button on the Garmin GNS530W, verify that the destination airport is the active waypoint, use the large right knob to move the cursor to the CRS box. Use the small right knob to input the three-digit value of runway alignment (093 degrees, for example) and press ENT twice. You now have a very nice magenta line that matches the runway of intended landing. Your VSR will be shown (and calculated to elevation) until about 100 feet AGL. In fact, you could even select APR mode on the KFC325 flight director so you can get suggestions. For vertical suggestions, I advise using indicated air speed hold with the required Vref. That will put you in the middle of fast/slow indicator (angle of attack). At about 25 feet AGL, pull the power control lever to idle and hold 2 degrees positive pitch. You won’t even feel the main wheels touch. Back to beta and then reverse on the power control lever; when less than 40 knots ground speed, stop using reverse and just use beta. Taxi back to the FBO ramp and shut-down. Your refresher instructor will have to buy you dinner because you were so well-prepared and proficient. Which of these would you prefer? Every time you use your aircraft, you are reminded that fuel is your highest variable operating cost. Do you feel you are getting the price you deserve? Don’t you deserve more than just posted rates? Working closely with POPA, we have developed a program that offers its members exclusive benefits that include guaranteed special pricing with no minimal uplifts, card fees, or admin fees on third-party charges in the U.S. As a member, you will have 24/7 access to expert assistance, fuel estimates worldwide, and discounts on other trip support services offered by Universal Weather and Aviation, Inc. Start getting MORE today! Call or go online to apply: uvair.com/popa. Worldwide (713) 378-2708 N. America (866) 864-8404 uvair.com SPRING YOU MIGHT TAKE THEM ON DIFFERENTLY THAN YOU WOULD AT LOW ALTITUDES. By Bill Cox High altitude cuts both ways. The myth is that flying high positions you above the weather and insulates you from the instability of bouncing along in turbulence. Trouble is, some of the most severe weather may be hiding in (and out of) the clouds above 20,000 feet. Most recently, Air France 447, an Airbus A330, may have been brought down in 2009 by violent weather above the South Atlantic off the coast of Brazil. French authorities suspect a combination of computer and weather problems may have caused the crash, but a finding of probable cause is pending examination of the recently recovered flight data recorder and cockpit voice recorder. Meteorologists suggest something like 44,000 thunderstorms a day are born and die above the Earth. The dreaded CBs are weather factories that can generate virtually anything that’s evil in the weather world. A typical, three-mile-wide, Midwestern storm contains 10 times the power of the Hiroshima atomic bomb, so it’s not surprising that it can spawn tornadoes, lightning, severe turbulence, microbursts and extreme winds. That might suggest you should simply park your airplane when thunderstorms are about. But if you expect to operate a corporate aircraft on a regular basis, you’ll need to develop strategies for dealing with thunderstorms. As a delivery pilot of piston singles and twins, turboprops and jets for the last 35 years, I’ve been subjected to some of the worst thunderstorm weather there is. Many of my ferry flights demand flying across the equator, and that’s an open invitation for problems with thunderstorms. Fortunately, most of the time, even those of us relegated to the bottom five miles of sky can climb above most weather. Most. That’s because half the Earth’s atmosphere lies below 18,000 feet. Clouds demand moisture in order to form, and that lower half contains about 80 percent of clouds that can make a pilot’s life miserable. The other 20 percent can still generate problems, especially if you’re flying in places without a choice of alternates. Much of the time on international delivery flights, you either continue to your destination any way you can, or reverse course and return to your point of departure. Two years ago, I was about four hours out of Honolulu bound for Majuro, Marshall Islands, 2000 nm toward the bottom of the planet. I was flying a new Cessna Grand Caravan, enjoying a 30- 18 I POPA M AG A ZINE I W INTER 2012 knot push from the reliable Trade Winds. The sky had been CAVU since my 6 a.m. departure from PHNL on the trip southwest, and the view straight ahead promised nothing worse than the usual scattered, popcorn cumulus, already starting to form in the heat of perpetual summer. Encouraged by characteristic tailwinds, I’d filed for FL180, pretty tall for a four-ton, flying pachyderm loaded another ton over gross with ferry fuel, but I was determined to take maximum advantage of the wind and minimize the fuel cost. Tiny Johnston Island passed below, the last, irregular, square mile of land for 1,300 miles until Majuro. Johnston was a topsecret, military, missile-launch site in the ‘60s and ‘70s and a storage depot for biological and chemical weapons for 25 years after that. I’d landed there once with a fuel leak on my way back from Japan in a Mirage, and after the military had determined my emergency was real, they’d been very friendly but also very formal, suggesting I needed to fix my problem and leave – immediately. I replaced some cracked tubing to the ferry tank, refiled my flight plan, lied about my fuel reserve and struggled into Kauai late that night with nine gallons remaining. In the Caravan, speed continued to increase to 190 knots, about 40 knots quicker than normal. I could get used to this, I thought. Clear skies, sunshine and even a push. Just need to buy a little oxygen in Guam. God stopped smiling about an hour southwest of Johnston. Building cumulus began to muscle the sky, and I could see some clouds climbing toward the high blue, far above my level. I couldn’t even guess at the tops, but they were turning from white to gray to black, already 10,000 feet above me and rapidly spreading from horizon to horizon. Thunderstorms might seem unlikely over the benign Pacific, but in this case, the dreaded Intertropical Convergence Zone (inevitably the ITCZ) was at it again, roiling the atmosphere near the equator and making life miserable for those few hardy souls/ silly fools flying the Pacific without the benefit of at least two turbine engines on the wings, stand-up headroom in the cabin, a sit down potty, a hot meal and a pretty flight attendant to serve it. The weather ahead was becoming more violent as I approached, with cloud-to-cloud lightning beginning to flash across the sky, brilliant strobes of light one minute and semi- AIRCRAFT SALES & SERVICE Pilatus aircraft owners and pilots prefer the advantages of partnering with Tempus Aircraft Sales and Service: Unmatched industry expertise Outstanding customer service “Attention to Detail” philosophy governing everything we do Whether you’re looking for a trusted source for a new or used piston engine aircraft or turboprop, or you need a Factory Authorized Service Center to maintain your PC-12, Tempus Aircraft Sales and Service is here for you. Denver’s Centennial Airport &$POUSPM5PXFS3PBEt&OHMFXPPE$0 303.799.9999 1BMPNBS"JSQPSU3PBEt4VJUFt$BSMTCBE$" 760.931.9993 www.tempusaircraft.com 22 I POPA M AG A ZINE I W INTER 2012 THE PROP SHOP LIFE WITH THE 5-BLADE MT PROP IS IT REALLY WORTH THE EXTRA MONEY? QBy Mike Dennis nis As some readers may remember, a little over a year and half ago I wrotee a piece for our POPA w magazine about the new MT five-blade propeller design available from Finnoff Aviation (finnoff.com of Boulder, Colo.). I told the story of how this superlative product came to be available for the PC12 and described to you how very impressed I was with the performance improvements, the outside noise reduction and the significant noise and vibration reduction inside the airplane. Many people have since asked me if I still feel as enthusiastic about the product and do I have any comments after flying it for more than 500 hours. Am I still enthusiastic about the propeller? YES! Do I have any comments or observations after flying it this long? Do I have anything to say? Oh boy, that’s a dangerous question! Anyone who has ever been cornered by me knows I can go on forever if it’s a subject I’m passionate about; the five-blade propeller for the PC12 qualifies. WI N T E R 2012 I POPA M AG A Z IN E I 23 Life with the 5-blade MT prop I’ll back away from commenting on the hardware for a moment and use the question to make an observation about the MT Propeller company and its people. I have some experience with running a company, Oregon Aero Inc., and the need to inspire everyone who works with me to practice the highest level of product quality and customer support. A reputation for quality products and service takes decades to earn and can be destroyed in seconds. The integrity of the company behind a product is an issue I’m very interested in. Several months after we installed the propeller, I had the opportunity to visit with Gerd Muehlbauer, president of MT Propeller, in his booth at the NBAA convention. He very casually asked me if I still liked the propeller and did I have any observations or suggestions. In my experience, there are few aircraft/part manufacturers willing to make significant changes to any product once it has achieved certification. The effort and cost of changes can be staggering, so the inclination is to try to recover as much of the initial cost associated with the design by selling as many as possible before you even consider changing or improving the product. I know this because we face the same challenge in our company. In truth, the propeller was such a fantastic improvement in every parameter that it was difficult to suggest there might be any way to improve it. As we talked, I realized that I did have a couple observations, nothing I thought needed immediate attention but things I had noticed. I suggested that there might be a better material than the stainless steel used on the leading edges as it was a little soft and easily picked up small dents. I also noted that on the front of the blade surface, at the tips, behind the area protected by the leading edge, the stainless steel seemed to be subject to erosion during the use of reverse thrust. The damage here took the form of small, shallow craters in the surface of the blade. The MT maintenance manual calls for repairing both the leading edge dents and the small craters by filling them with five-minute epoxy. This proved to be a simple and effective fix. I didn’t suggest how I thought these issues could be improved. I just noted them as observations. I should also come clean about an earlier problem unrelated to workmanship or quality control at MT but something that did cause them concern. The spinner is made of a tough, lightweight composite construction. MT had a chrome coating applied to the spinner by a vendor. Apparently there was a quality control issue at the supplier, and the coating began to come off in small sheets. When I called to report this problem, a new painted spinner was sent to me immediately while they worked out the issues with the supplier. The painted spinner performed perfectly and gave me no trouble at all. Eventually MT sent me a new chromed spinner which has been a huge improvement over the original. I still have a problem with getting tiny freckles in the chrome, probably from insect hits or some type of electrostatic discharge. This issue hasn’t been an operational problem, and you must get up very 24 I POPA M AG A ZINE I W INTER 2012 PROP SHOP close to the spinner to detect the imperfections. I understand they have a new polished aluminum spinner that will be a no-cost warranty replacement for anyone having any spinner problems. This is only a microscopic issue compared to what happened next. I knew from doing the original certification test flying of the propeller that the current blade design was not the original blade design but a second and improved blade. Muehlbauer hadn’t been satisfied with the original design. He never tried to sell even one of the original designs to recover development costs. This sort of commitment to quality is almost unheard of. It gets better. A little less than six months after I mentioned to him that the leading edges were soft and the front of the blade could use more protection, he called me ask me if I’d like to come to the POPA convention a few days early so they could install my new blades for testing. “What new blades?” I asked. The new blades with the hardened nickel-alloy leading edges that sweep out to cover half the width of the blade cord at the tip, he replied. While they were fooling with the design, they also flushmounted the blade heaters into the surface of the blade to improve the aerodynamics at the root. I never said I was unhappy with the propeller. I only answered his questions with my observations. This is a measure of both the man and his company. None of us is perfect, but I have a strong sense that doing business with this company will be as satisfying as the products they make. This gets us to the original question: Am I still satisfied with the propeller? In a word, YES! But I should qualify that. I loved the original so much that after the first test flight that I called Chris Finnoff to give him the good and bad news about his experimental propeller. The good news was it was everything MT said it was, smooth as glass, quiet inside and out, offering a huge improvement in acceleration and climb with the added bonus of a couple knots of speed. The bad news? He was never going to get it back, and they could just keep the old propeller! The newest design maintains all the improvements of the earlier one with the bonus of no dents or erosion whatsoever after 200 hours of operating off asphalt, grass and gavel runways. These new blades are incredibly durable with the added surprise of a solid five- to sevenknot increase in indicated airspeed at altitude. This, I suppose, is from the significantly improved airfoil cross section at the blade root from flush mounting the heaters. I’m speculating here as I’m not a propeller designer but it seems reasonable to assume. So, I suppose the question is, would I do it again? Would I buy another one of these propellers? The answer to that is an unqualified, YES! It’s probably the best money I’ve spent on this airplane. I’m not selling this propeller, merely reporting my experience. If you see yourself in here somewhere and enjoy your PC12 as I do, I’m pretty certain you’ll find this improvement a real joy. Mike Dennis is president/CEO of Oregon Aero, Inc., 34020 Skyway Drive, Scappoose OR 97056. Tel: 503.543.7399 or 800.888.6910 Fax: 503.543.7199 Email: [email protected] or OregonAero.com ew es N ur at Fe Listen. “The Whisper Prop” 5-Bladed PC-12 Propeller Key Advantages: New Nickel Option Includes: s3IGNIlCANTNOISEREDUCTIONnINSIDEANDOUT s2EDUCEDGROUNDROLLDISTANCE s)MPROVEDCLIMBPERFORMANCE s6IBRATIONFREEPROPnREDUCESFATIGUE s3CIMITARLIGHTWEIGHTNATURALCOMPOSITEBLADE s0RECISION'ERMANDESIGNANDENGINEERING s&!!AND%!3!CERTIlCATION s.ICKELWIDECORDLEADINGEDGE s)MPROVEDBOOTSmUSHMOUNTED PROVIDINGBETTERAIRFOILEFlCIENCY s"LACKCOLORISSTANDARD s)MPROVEDCRUISEPERFORMANCE Newn3PINNERINPOLISHEDALUMINUM !VAILABLEASNOCOSTOPTION Contact Chris Finnoff at +1.303.444.0552 or chris@finnoff.com WWWMTPROPELLERCOMsWWWlNNOFFCOM American Distributor for the PC-12 MT Propeller PERFORMANCE PLUS... AND KNOWING WHAT YOUR AIRPLANE CAN AND CAN’T DO IS CRITICAL. By John Morris MINUS? One of the many plus points of the PC-12 is the ability to travel long distances, at a high gross weight, and then land/takeoff on short runways. In addition, if it is a sea-level airport, the performance is very hard to beat! I recently had the opportunity to fly from the east coast of Florida to St. Barthelemy (TFFJ), Guadeloupe. The straight-line distance was approximately 1,100 nm. No problem for the PC-12. Well, almost. St. Barth’s is internationally known as a Caribbean resort-type destination island with access via boat or small commercial or General Aviation aircraft. It is uniquely known for its airport, or really for the standard arrival to the airport over the heads of observing tourists standing at a traffic circle approximately 500 feet from, and 50 feet above, the end of the runway. That doesn’t sound like anything special except for the surrounding hills and the short, single runway that makes for a very interesting, nonstandard approach angle that can give most pilots minor heart palpitations! This airport is considered the third or fifth (depending on source) most dangerous commercial airport in the world. Because of the location and length of this runway, the French Civil Aviation Authority (DGAC) requires a prior checkout, with a DGAC-approved flight instructor familiar with the special operations at St. Barth’s. I was able to accomplish this in the PC-12 by pre-arranging first to stop in San Juan to pick up an instructor, who is PC-12 qualified, and then proceed to St. Barth’s where I completed the requisite training while staying on the island for several days. Note: The checkout can be accomplished in any aircraft that is suitable for St. Barth’s, but it would be wiser to have the training performed in the aircraft intended to be operated into this airport. 26 I POPA M AG A ZINE I W INTER 2012 Performance plus...and minus? The runway itself is 650 meters (2,132 feet), oriented 10/28. Elevation at the end of Runway 10 is 49 feet while at Runway 28 it is four feet giving the runway a slope of 3 percent. Since the island is located in Trades, the typical winds are from the east. As a result, the majority of the landings are to Runway 10. However, if the winds are light enough or not too “performance” detrimental for a tailwind landing, then the preferred landing would be to Runway 28 because of the upslope. The airport is operated as Day/VFR only, with an advisory tower. Unicom is used for all operations, and the tower will assist with coordination of arriving and departing traffic. At the height of the season, more than 300 flights per day operate out of this airport! As you can see on the diagram I have labeled the East Approach (A), South Approach (C) and the North Approach (B). The altitude for (A) is 1,500 feet, for (B) 1,000 feet, and for (C) 800 feet. The most interesting is the East Approach (A). In order to see the entire runway (visual confirmation of aircraft arrival ahead or departing), we need to be 1,500 feet AGL at 1.5 nm from the runway. (You don’t have to be at this altitude but…). 28 I POPA M AG A ZINE I W INTER 2012 Logically, by this point, we also have to be fully configured for landing and start descending on the AOA, power basically at idle to maintain AOA. The other approaches have the same basic requirement except you start at a lower altitude, and you “may” be able to adjust your power/speed slightly. To me, the least favorable of the three approaches is (C) because of the very close proximity to the hills even though it is the better visual for the left seat. Let’s go back to the (A) approach and the reason for the “Minus” performance. Since we have an obstacle, we would plan a landing using the Landing – Total W Reverse chart. Calculating a landing weight of 8,000 lbs., +24º C, 8 kts head wind and 3 percent down slope, I estimate a landing distance of 1,650 feet. That’s no problem since there are 2,132 feet available. On second thought, this may be a problem. A typical landing over an obstacle puts the aircraft down somewhere beyond the end of the runway, shortening the available remaining runway. St. Barth’s has aim-point marks at 550 feet from each end. I observed the majority of the aircraft landing on 10 touching down nearer to the taxiway (1,000 feet) leaving 1,200 feet remaining. The runway slope can deceive pilots causing additional float before touchdown. My initial touchdowns, while practicing, averaged near the 1,000-foot point. In order to better utilize more of the runway, you have to drop the nose after the traffic circle to a “crazier” angle but pitch up prior to…you know – ouch! Loco! Which brings up another performance point. I was doing this training with one other pilot and a light fuel load. St. Barth’s does not have Jet A. For the return trip to Florida, I should be able to depart off this runway with a full fuel load, or near, depending on Pax/Bags. So, to refuel, I would have to pop over to another island (two within 22 nm) and then return to St. Barth’s before my planned departure. There may be another problem. What will my landing weight be with just one pilot and more fuel than my initial landing from Florida? Can I safely land back at St. Barth’s? Will the winds allow me to land on 28 instead of 10? Can you, or should you, count on winds any way? Speaking of takeoff, would you takeoff from St. Barth’s using 15-degree flaps or 30-degree flaps? The pilot I was training with recommended 15-degree. I chose 30-degree. The good news is that, for this particular flight profile (Florida-St. Barth’s), the PC-12 can easily go to one of the other islands for return fuel, then head for Florida (and Customs), or fly to San Juan, 45 minutes VFR, clear Customs and refuel, then proceed to Florida. Since I was training, I went to one of the nearby islands for fuel. I would not assume that I could land the PC-12 at a higher gross weight at this particular location because of the unpredictable winds and runway location. The PC-12 has tremendous performance, and I believe that at times we, the drivers, need to be reminded that not all is a plus, as it may seem. Had you considered from the takeoff question using the Accel/Stop charts? Ever thought about runway upslope versus tailwind? John Morris was with Simcom Training Centers-Orlando for 14 years with 1999 being the first year teaching the PC-12 followed by PC-12 Program Coordinator from 2000 until resigning in 2007 to start ACFT Services (ACFTServices.com). “A safe pilot is always learning.” FOR BETTER LANDINGS ENERGY MANAGEMENT MAKES ALL THE DIFFERENCE. HERE’S HOW. Q By Scott Perdue Whether you have 10 hours or 20,000 hours, landing is that one task that puts you, the pilot, in the spotlight more than any other. You grade yourself on everything you do when you fly — taxi, takeoff, climb, cruise, descent, approach, flare and land. But landing is the only thing that everyone else grades you on every time you fly. Landing is the most humbling thing we as pilots do. After a string of so-so ones, we finally make some good ones and tell ourselves, at last I’ve finally got the hang of it. Then out of the blue, we’re back to our old thumping ways, struggling to find that greaser touchdown that says we’ve arrived. So, how do you do it? How do you make a good landing, every time? A good question and one that has fueled many an hour of hangar talk all over the globe. There is a simple answer: It’s all about energy management. A good landing is like a recipe — throw in consistency, precision, motor skills, eye/hand coordination and leaven with a thorough understanding of your airplane, weather, winds, terrain and aerodynamics. Put all that together and get your brain processing these things in real-time using your eyes as the primary data-entry device. It gets complicated even at one and a half miles per minute. Everyone starts processing these things manually. The art of landing comes when you achieve consistency. Put yourself in the moment. Landing is challenging, and it’s fun. Tell yourself that over and over. Let’s take a closer look at those complicating factors. 30 I POPA M AG A ZINE I W INTER 2012 10 Tips For Better Landings FLY THE AIRPLANE If you do not fly an airplane consistently, then you have no basis to make rational changes. When you exercise sloppy speed control, execute wide patterns and sloppy turns or ignore crosswind inputs, you cannot begin to work on your landings. The first thing you should do is be honest with yourself. Do you need dual? How precisely do you fly the airplane? How much do you let the airplane do what it wants? Go out and practice holding altitude, heading using ground references and speed control by glancing at the airspeed indicator. Feel the airplane. Fly it precisely where you want to fly it. Whatever the pattern is for your airplane, fly it precisely at the same altitude every time, precisely the same speed and precisely the same spacing on downwind. When you can do this without using all your brainpower, you are ready for the next step — the perch. THE PERCH More commonly known as the base turn, the perch is the turn from downwind to the base leg. You can fly a rectangular pattern or a curvilinear approach in any airplane, and you’ll find advocates for either one. The bottom line is that when you fall off the perch, you must manage your energy and the turn in a dynamic environment. Don’t forget that winds play a big factor in the final turn. A perfect final turn is like an ILS and, speaking from an energy management perspective, a perfectly flown final turn is done without power. Manage your energy and your turn all the way around to a smooth touchdown, and you’ve really done something. Project that glide path around the turn all the way to downwind, and you’ve got your perch point. Crosswinds and planning play a big factor in the decision where to perch. Fly the same spacing from the runway on downwind every 32 I POPA M AG A ZINE I W INTER 2012 time and vary the point where you perch, according to the winds. If the winds are blowing you away from the runway and final, perch early. If they are blowing you toward the runway, perch late. This way you let the winds influence the turn instead of using power to correct for the lack of wind planning. FALL OFF THE PERCH. For example, the venerable B-25 falls off the perch with about 20 degrees of bank and a 500 foot-per-minute descent. A good place to start, but you have to look out the window and judge how the turn radius is shaping up to a point about 1000 feet prior to the threshold. You do this by looking at the ground and comparing your perceived ground track with the projected one in your mind’s eye. Winds will affect your path through the air. You’ve got to crosscheck the actual path with the planned path continuously throughout the approach. The final turn can be a killer. If the winds are pushing you wide of the runway, then you have to increase your turn rate. It’s an aerodynamic, physics thing; you don’t have a choice. The turn radius should take you to the rollout point about 1000 feet short of the threshold, and the only way to stay on that line is to adjust your turn rate. If the winds are overshooting and pushing you wide, increase your turn rate by adding bank angle. Most of the time you do not need to add G forces or back pressure at all. What makes overshooting winds a killer is that most pilots have a natural tendency to pull more G when they want to increase turn rate. Just adding back pressure changes the turn rate, but more than that, it slows the airplane toward an accelerated stall and screws up your descent profile all together. More G force is not the answer — more bank angle is. Just roll in more bank and hold the same amount of back pressure next time, and see how much better the turn works out. WI N T E R 2012 I POPA M AG A Z IN E I 33 10 Tips For Better Landings What do you do if you are undershooting the runway? Simply put, you roll out of some of the bank. Adjust your turn rate by adjusting your bank angle. The turn is dynamic and changes from second to second, especially in high winds. Keep looking out the window, adjusting your turn rate all the way to the roll-out point. Don’t forget about energy management. You have to adjust your descent rate as well. To fly that ILS around the pattern, you have to use your speed as your energy-management tool. In this area, folks will argue both sides of the pitch/power equation. But for this discussion, pitch is for airspeed and power is for glide path. Whatever your basepower setting in the approach, excess power should be used to slow your descent rate. Power reductions should be used to increase your descent rate — all done at the same indicated speed. Let’s use your hand for a moment. Look around and make sure no one is watching. Now stick your arm out and hold your hand out flat to the floor. Imagine that your hand is the runway as you are looking out the window. This picture means you are low on the glide slope; you’re flat. You must add power while holding the correct airspeed. Point your fingers up at a 45-degree angle. That picture means you are high on glide path. Pull power or try a slip to increase descent rate. Somewhere in between is a good 3-degree glide path. Get used to looking for it. Descent rate and turn rate are two different things. They do influence each other but correct them individually. Always keep in mind that the situation is dynamic and changes each second. Keep looking out the window and judging your progress. flare and touch down. Drive it in. If you have a crosswind, you have to put the airplane in a wing low attitude. Few airplanes are happy to land in a crab. Later, when you are proficient, you can try doing it in the flare, but for now do it before you cross the threshold. Use your foot to align the nose with the runway, then add aileron into the wind to stop the drift. This puts the upwind wheel low, just where you want it on touchdown. Resist the temptation to take out your crosswind input until after you are done with the rollout. TERRAIN FLARE POINT This isn’t really a step, but you have to remember that the winds will change from the pattern down to the ground. Whatever correction you made at altitude will need to be made differently close to the ground. The flare point is usually no higher than one wingspan from the ground. You can check your descent here with slight back pressure on the elevator. One of the most important things you should do is shift your eyes to the far end of the runway. You don’t actually focus on anything; you just use your peripheral vision to judge drift and descent rate. This is very important. Shift your eyes. This sequence from a Boeing Stearman landing illustrates how pilots must control the descent rate with small pressures on the yoke. THE TOUCHDOWN ROLLOUT ON FINAL If you plan to roll out on final with about a 1000 feet to the threshold, you give yourself time to assess the winds and fix mistakes. Fast jets plan on rolling out on final at a mile; for slower airplanes, 1000 feet will give you time. Crab into the wind; line up on the centerline; make your final adjustments. Now you have to drive it in to the flare point. A lot of errors are induced because the pilot is uncomfortable with ground rush. Know that you’ll begin to see ground rush and fight the temptation to level off or check your descent too early. It really screws up the end game of 34 I POPA M AG A ZINE I W INTER 2012 This is the money shot — what you’ve practiced for and everyone grades your abilities on. The first thing you must understand here is aerodynamics. The airplane is slowing down, and the power should be off now. The airplane is slowing down, and it will increase the descent rate. Your task is to keep that descent rate slow. You do that by adding back pressure. Beginning pilots fly mechanically. After awhile, hopefully, we internalize our lessons, and we begin to control the airplane with small pressures. This concept is key to a smooth landing. You have to add back pressure smoothly and slowly to compensate for the loss of lift while the airplane is slowing. Not too fast — or you hang up the descent for a couple of seconds just before impact. Not too slow — or you’ll have a firm landing. Maybe even a REALLY firm landing. Add just enough back pressure to compensate for that loss of lift. The secret is that you actually don’t stop adding back pressure until the wheels are on the ground. To do a nice landing you’ve got to execute this maneuver while holding runway alignment, drift correction and all that other pilot stuff. Sound like fun? When you put it this way, it sounds easy. All you have to do is walk, talk and chew gum at the same time as you pat your head and rub your stomach. Seriously, now you know the secret. You can go out and roller. Scott Perdue is a retired USAF F-15 instructor pilot and now flies for a major airline. We can make iPads, iPhones & Blackberrys fully functional at altitude in your PC-12. Any Hardware* Any Provider *Hardware must be PC-12 Compatible A Factory Authorized PC-12 Service Center Call now for details. Philip Keiffer PC-12 Program Coordinator + 940-323-8700 + + M: 940-391-1152 + [email protected] KDTO Denton, TX: 35 miles northwest of DFW Airport+ www.jwac.aero + Business EXPLORING AIRCRAFT LEASE AGREEMENTS L THERE IS NO ONE-SIZE-FITS-ALL DOCUMENT. By Jonathan Levy Leasing out your aircraft can be a great solution for turning your excess capacity into income. But before handing the keys over to a seemingly well-meaning stranger at the airport and watching him cruise off into the sunset in your highly valuable and fragile asset, you would be well-advised to devote extra attention to the particulars of your lease agreement to make sure you have adequate protections. Properly drawn aircraft leases reflect a careful balance of numerous considerations, including FAA compliance, minimization of liability, federal tax consequences and contractual rights under the Uniform Commercial Code of your state. FAA AIR CARRIAGE REGULATION: SINGLE SOURCE/TWO-CHECK RULE The FAA’s vigilance in preventing unauthorized commercial air carriage is one of the most frequently raised regulatory concerns in leasing transactions. Simply put, in any situation where a single party provides both the aircraft and its pilot to another party, the FAA will consider the party making such provision to be providing commercial air carriage. This rule is often phrased either as the “single source rule” (the aircraft and pilot cannot come from a single source) or the “two-check” rule (a non-pilot lessee must write two checks to separate people, one for plane and another for pilot). 36 I POPA M AG A ZINE I W INTER 2012 The analysis, however, can be somewhat vague when the lessor and the pilot are not the same, but are related. For example, a 2000 National Transportation Safety Board case considered a situation where a pilot owned an airplane and also flew for a pilot services company. The pilot’s wife also owned an aircraftleasing business. The two companies shared the same office space and phone number. In that case, the NTSB ruled that the pilot should, in effect, be viewed as providing both plane and pilot and, therefore, he was engaged in unlawful air carriage. It is unclear how close the nexus between lessor and pilot needs to be to pose a problem, but the FAA has indicated that, even where the paperwork shows a lease without crew, it may look to the surrounding facts and circumstances to conclude that unlawful air carriage has occurred. One key feature is that the lessee must be free to select the aircraft pilot, without interference by the lessor, so long as the pilot selected is qualified and appropriately certified and trained. Although the FAA’s air-carriage concern is usually the most significant one in the leasing context, it is also important to note that aircraft greater than 12,500 lbs. gross take-off weight are subject to special documentary and filing requirements, and that such aircraft, as well as fractional planes and smaller multi-engine jets, are eligible for certain types of limited air-carriage arrangements not discussed in this article. LIABILITY . . . BUT THE FAA SAID I WASN’T IN CONTROL! Despite the FAA’s insistence that the lessor divest all control over the flights occurring under the lease, this does not control the question of whether you, as the lessor, might be liable to third parties in the case of an accident. In general, accident liability is a question of state law although there also is the potential for federal law to trump and either remove or impose liability. From a state perspective, there are three main theories for owner/lessor liability. The first is owner negligence. In this case, the plaintiff would need to prove that you failed in some way, possibly by inadequately maintaining the aircraft, or by renting the plane to someone who was not qualified. The second is strict liability. A number of states have laws which consider aircraft to be hazardous, which render the lessor strictly or vicariously liable for accidents that occur, even without fault. Finally, some states impose vicarious liability where the owner will be held responsible for any negligence by the lessee. As to both these exposure points, you may put in place contractual language to limit the warranties you make to the lessee regarding safety, but those disclaimers are unlikely to shield you against claims from other parties that might be injured. Federal law provides some protection, but its scope is unclear. Under the Transportation Code, the “lessor” (defined as applying to leases of at least 30 days), “owner” or “secured party” of aircraft will not be liable for “damage on land or water” from accidents when the aircraft is outside their possession. There are a number of ambiguities in this statute that have not been well resolved by the courts. A key one is: When does the injury occur “on land or water”? Except for rare mid-air collisions, few people actually get hurt in accidents while the plane is still in the air. The tragedy happens when they reach the land or water. Phrased differently, does this liability protection apply to those onboard the aircraft? If it does not, then its value is limited. Despite the headline-capturing nature of collisions with buildings, the vast majority of injurious aircraft accidents do harm only to those onboard. Courts have not been clear on this issue, but it would be unwise to expect protection against the primary source of liability, injuries to those onboard. Often, the best liability protection for an aircraft lessor will be to form a special-purpose company to own the plane. This company should be adequately capitalized and treated in all ways as separate from its owner; it should have its own bank account, insurance policy and set of books. This will generally limit liability exposure to the assets of that entity and, along with insurance, make up the best method of protection. aircraft at any particular time. The lease simply provides that, if the lessor does allow usage, the written lease terms will govern. Such a structure is helpful in two ways. First, it provides some insulation from the federal tax concern that the lease will be a “rental” activity, thus impairing your ability to use any tax losses from the aircraft to offset your other income. Second, and more importantly, it gives the lessor a modicum of control by allowing him to cut off usage if, for any reason, he grows concerned about the lessee’s level of care and competence in operating the valuable aircraft. Aircraft leasing is quite different from the leasing of real estate or other forms of equipment. There is no one-size-fits-all solution. This article is meant only as a basic introduction to the issues involved. Please seek the advice of an experience professional before entering into any aircraft-leasing arrangement. OTHER ISSUES Although the FAA does not require written leases for aircraft less than 12,501 lbs. gross take-off weight, a written lease is always recommended. It should include provisions such as when and where the aircraft will be turned over to the lessee and returned to the owner, the lessee’s obligation to return it in the condition he received it, a notification to the lessee that the lessor is not an aircraft manufacturer or maintenance facility and does not warrant the aircraft condition or safety, and payment details. In most cases, a flight-by-flight lease is appropriate. Under such an agreement, the lease creates an ongoing relationship where the lessor may or may not approve lessee usage. During the term of this arrangement, the lessor will obtain a bank consent to the lease (for financed planes) and maintain the lessee as an additional insured on the insurance policy, but the agreement itself does not entitle the lessee to use the WI N T E R 2012 I POPA M AG A Z IN E I 37 HISTORICAL FIND I AN AIRCRAFT SALVAGE COMPANY DISCOVERS A REMARKABLE AIRPLANE. By Davin Coburn It was mid-May 2005 when Ken Williams arrived at the San Jose Jet Center, at the southwest corner of the city’s international airport, and eyed a Learjet from a bygone era. Williams was the chief operating officer of Atlanta Air Salvage, a boneyard based at Griffin Spalding Airport that collected the remains of planes too damaged or too outdated to be of use to anyone else. Williams had flown cross-country at the behest of Atlanta Air chief executive officer Ronnie Powers, who had recently fielded a bizarre call from an attorney in a hurry. “A lawyer called one day and said, ‘We’ve got an old Lear for sale. Will you give us X’?” The decades-old business jet would likely be relegated to scrap metal, but Atlanta Air was accustomed to raising planes from lakes and dragging wreckage out of the woods. At least this recovery would be easy. Powers paid $45,000 for Learjet Serial No. 31 and sent Williams to see what it would take to haul the plane home for its autopsy. “We were just going to break it down for parts,” the CEO said, “and I wasn’t even sure it was good for that.” Out back, behind San Jose’s hangars, Williams found a rusted relic that had sat for years in the rain. The plane had been abandoned by its previous owners until unpaid hangar fees hit nearly $20,000, The jet center then had simply dragged it out and left it to the elements. The once-gleaming fuselage had long since dirtied; the vivid white no longer stood in stark contrast to the black and gray trim. The single window along the port side of the aircraft was caked in grime. Sticks were stuck in the wheels. Inside, Williams found gray carpeting and gray leather seats — a rather drab complement to the mess outside. The logbooks were gone. As he snapped photos, something didn’t sit right. The COO had a nose for history. This might not be an antique biplane discovered in a barn some place, but the N-number struck him as odd. He called Lear to run a historical-records search for his boss. In Atlanta, Powers thumbed through the history of the dilapidated plane. Before being shipped out 38 I POPA M AG A ZINE I W INTER 2012 Once the discovery of N175FS was made public, the jet was quickly snapped up by a European collector. Today, unfortunately, it has gone back into hiding. Until late 2008, the plane was under the care of Jeff Thomas, a noted aircraft historian and consultant who was safeguarding it for the collector. WI N T E R 2012 I POPA M AG A Z IN E I 39 Being Frank HISTORICAL FIND to California, it had a pair of owners in Illinois. It had been repainted and re-upholstered multiple times. Oddly, the N number, which had switched and switched and then switched again, had been changed back to its original registration, N175FS. Then, deep in the pile, Powers came across a letter dated Oct. 30, 1964. It was a receipt from Lear Jet Corp., made out to California Airmotive Corp., which was buying a plane for a client. The receipt said simply, “Please convey to Mr. Sinatra our congratulations and our intention to deliver to him the world’s finest business machine.” Powers looked at that N number again — N175FS. Suddenly, they weren’t talking about scrap metal. Delivered six months shy of Sinatra’s 50th birthday, he named Learjet Serial No. 31 Christina II, after his youngest daughter — and had it trimmed in orange, his favorite color. Inside the plane, a pair of leather seats sat at the rear of a 17-foot cabin, and a single seat was positioned up front, along the port side, by the door. A couch sat along the opposite side, running up to the cockpit. The 43-footlong aircraft was equipped with twin General Electric CJ610-4 engines that generated 2,850 pounds of thrust. The Learjet could out-climb an F-100 fighter. “There isn’t a jet produced today that has the climb performance of the Lear 23,” said Clay Lacy, who sold Sinatra the plane — and he would know. In May 1965, Lacy and Jack Conroy established three world speed records in a Learjet 23, flying from Los Angeles to New York and back in 10 hours, 21 minutes, with two refueling stops. If ever a plane was destined to play among the stars, it was this one. From June 1965 until he sold it two years later, Sinatra and his famous friends logged more than 1,500 hours on the jet. It routinely shuttled the Rat Pack from Los Angeles to Las Vegas and his home in Palm Springs. He wooed Mia Farrow in it and intimidated Michael Caine, then dating daughter Nancy. Celebrity private-plane culture was practically invented in the cabin of N175FS. On May 1, 1967, Elvis Presley and Priscilla Beaulieu snuck out the back of Elvis’s estate in Palm Springs, ducked the paparazzi and drove to the airport. There, they boarded N175FS, bound for Las Vegas and a justice of the peace. “I was both exhausted and relieved when we finally returned to Palm Springs aboard Frank Sinatra’s Learjet,” Priscilla wrote in “Elvis and Me.” And that was just the tip of the iconic iceberg: Dean Martin borrowed the Lear to fly to movie sets. Marlon Brando and Sammy Davis Jr. took it to Mississippi to meet Martin Luther King Jr. for a civil-rights rally. Mia Farrow, meanwhile, has recounted how her first date with Sinatra — to a screening of “None But the Brave”— ended with an invitation to fly to Palm Springs. “That was a whole other city,” she said. “We were in L.A., and I didn’t think I could do that — I didn’t have my pajamas or anything. He said, ‘Well, how about if I send my airplane for you tomorrow?’ ” Farrow described the next day’s flight as “the boldest thing I ever did.” While he owned the Lear, Sinatra also had access to three others 40 I POPA M AG A ZINE I W INTER 2012 through Lacy, who runs Clay Lacy Aviation, the largest distributor of private jets on the West Coast. Now 79, Lacy’s recollections about N175FS remain invaluable. Don Lieto, the former chief pilot for Sinatra Enterprises, died more than 30 years ago, making Lacy one of the last people able to give firsthand accounts of the plane — such as his description of one historic day in early June 1966. Lacy borrowed Christina II because he was scheduled to fly the camera ship for publicity photographers to capture the Air Force’s cutting-edge XB-70 Valkyrie above Edwards Air Force Base. (The cameraman needed a plane capable of chasing a bomber that hit Mach 3; Sinatra’s 518-mph Lear 23 was the fastest civilian aircraft they could find in Southern California.) As the final photos were taken, an F-104 flying in formation with the Valkyrie collided with it, slicing off its tail and engulfing the F-104 in a fireball. A photographer in the back of the Lear captured the disaster on film. The $700 million Valkyrie prototype rolled onto its back, entered a flat spin and smashed into the desert floor in an enormous cloud of black smoke. The fatal crash (only one of the two Valkyrie pilots ejected safely; the F-104 pilot also died) is thought to be the most expensive collision in aviation history, and the photographs became a centerfold in Life magazine. As usual, Frank Sinatra’s plane was on the scene. In June 1967, Sinatra traded up to the improved Gulfstream GII. The Lear went up for sale. N175FS began its life after the Rat Pack with Thomas Friedkin, chairman of Gulf States Toyota. Next came Bernie Little, central Florida’s exclusive Budweiser distributor. Then it passed through multiple owners in Illinois — during which it once spent a year outdoors with birds nesting in the engines and mud daubers clogging the fuel lines. In 1985, Robert Brandis, owner of Brandis Aircraft in Taylorville, Ill., made it flight-worthy again, then sold it to Stanley Furmanski, a California doctor who, soon after acquiring the plane and hangaring it at the San Jose Jet Center, allegedly tried to run down an FBI agent in a car and was sent to prison for insurance fraud. The plane languished there for a decade without identification until 2005, when Williams pried open the door. Once the discovery of N175FS was made public, the jet was quickly snapped up by a European collector. Today, unfortunately, it has gone back into hiding. Until late 2008, the plane was under the care of Jeff Thomas, a noted aircraft historian and consultant who was safeguarding it for the collector. “It’s fully restorable — even flyable,” Thomas said at the time, though no timeline was in place for those efforts. In December of that year, however, the aircraft was reregistered with new caretakers who declined to update TBM on its status. We’re assured, however, that it’s well taken care of. And according to Thomas, this likely won’t be the last we see of this plane. “Ownership passed on to a group that sees unique and historical value in this particular jet,” he said. “It’s an iconic centerpiece and focus of a key moment in history.” Wit h th e ri ght pro tec tion THE THE SKY LIM IS IT. Fly with confidence. Wherever life takes you, Chartis will be at your side. Learn more about our custom insurance solutions for successful individuals and families: www.chartisprivateclient.com/fly All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. For additional information, please visit our website at www.chartisinsurance.com. Photo © Jérôme Zbinden Hot Spots TRAVEL { G O T T A G E T A W A Y } FRANKLIN COUNTY, FLA. F ranklin County, Fla., is an overlooked jewel on the Gulf of Mexico, a perfect example of what Florida was like 100 years ago. Not only is it romantic, relaxing and recreational, it is one of America’s top-secret destinations for great seafood. Apalachicola (pronounced ap-uhLATCH-uh-koh-luh) is the Franklin County seat and, in 2008, was placed on the National Trust for Historic Preservation with more than 200 historic homes and businesses highlighted. The area features lighthouses and fishing boats and great local restaurants. 42 I POPA M AG A ZINE I W INTER 2012 It’s become the stomping grounds for celebs like Jack Nicholson, Jimmy Buffet, Tim McGraw, Kid Rock, Hank Williams Jr., Julia Roberts, golfer Jack Nicklaus and NASCAR drivers Jimmy Johnson and Jeff Gordon. Never heard of it, you say? That’s exactly what we’re talk about. talking F many visitors, For the prime destination {Continued on page 44} {Continued in Franklin County is St. George IIsland, barG l d a llong b rier island with 22 miles of unpopulated beaches and clear, warm waves that curl across your toes. Signs ask you to turn off house lights at night so they don’t confuse the nesting sea turtles. And just off-shore, the fun begins. Professional and amateur fishermen alike are there to catch speckled trout, flounder, whiting, red fish, shark and triple tail. They come because the ocean is prolific with sea life. Part of the area has been declared a United Nations Biospheree Reserve and Estuarine Sanctuary. Everyone treats the ocean with the respect required to maintain the ecosystem, especially when it comes to the region’s biggest celebrity, crassostrea virginica, better known around here as the oyster. Pilots in the area can tell you about seeing float planes land and coast over to the oyster beds, some completely exposed at low tide. Occupants stepped out in the lapping shallow water and harvested a weight-and-balancing act of fresh oysters. You can still harvest them yourself, or you can just step into almost any local restaurant and eat your fill, often for about half of what you’d pay anywheree else in the country. Trick roper at C M AG A ZINE A TOWN THE WILD WEST BUILT, CODY, WYO. ody, Wy Wyo., sits as the eastern gateway to Yellowstone National Park P and was founded by its namesake, William Frederick Cody, better known as Buffalo Bill. At the turn of the 20th Century, he was the most famous person on earth. If Col. William F. “Buffalo Bill” Cody was anything, he was a showman. More than anyone else, he made famous the idea of the Wild West Show. Cody amassed an inimitable collection of cowboys (including Ned Buntline and Pawnee Bill), Indians (including Sitting Bull and 20 of his braves), sharpshooters ((includingg Annie OakLog cabin used by Kid Cury and the Sundance Kid ARRIVALS: Apalachicola Regional Airport (KAAF), 850.653.2222 POPA Rodeo Back bar gifted to Buffa Buffalo Bill by Queen Elizabeth WHERE TO STAY: Coombs House Inn, Apalachicola, 888.244.8320 44 I the Stampe de I W INTER 2012 ley), plus hundreds of head of horses, cattle and buffalo. Know ultimately as Buffalo Bill’s Wild West Show and Congress of Rough Riders of the World, the show featured wagon trains and Indian attacks and even a reenactment of the Battle of the Little Bighorn, aka Custer’s Last Stand — just about anything Americans would expect when visiting the Wild W If his West. sh shows were po popular in the U.S., they we were doubly me mesmerizing to tthe Europeans ans, especially the Brits. Queen Elizabeth so enjoyed Cody’s traveling Wild West Show that she gave him a specially made back bar, still on display in the Hotel Irma (named after one of Buffalo Bill’s daughters). The remnants of his show, now augmented by numerous other western and Native American artifacts, are magnificently displayed at Buffalo Bill Historical Center. Another interesting venue in Cody is the Old Trail Town, which features a slew of log cabins that were once used by the likes of the Sundance Kid, Butch Cassidy and Kid Curry. The body of Jeremiah Johnson (played by Robert Redford in the movie of the same name) is also buried on the premises. But the most fun in town might very well be the Buffalo Bill Stampede Rodeo, which proudly operates 364 days of the year. This rodeo is not a sideshow, but the real deal. It is one of only nine stops on the Million Dollar Gold Tour Series, insuring participation from some of the top rodeo cowboys in the world. WHERE TO STAY: Hotel Irma, Cody, 307.587.5915 ARRIVALS: Yellowstone Regional Airport (KCOD), 307.527.7511 For over 35 years Skytech has excelled at helping our customers evaluate, acquire and maintain high performance aircraft. Whether they fly an efficient business tool or the ultimate mode of personal transportation, Skytech customers recognize that experience, customer service and commitment to personal relationships define the Skytech Advantage. Martin State Airport – Baltimore, MD (MTN) York County Airport – Rock Hill, SC (UZA) Carroll County Regional Airport – Westminster, MD (DMW) The exclusive distributor of the Pilatus PC-12 in OH, PA, MD, WV, KY, TN, VA, NC & SC. Authorized Pilatus service center. 410.574.4144 www.skytechinc.com W I N T E R 2 0 1 2 I P OPA M AG A Z I N E I 45 Bottom Lines FINANCE BUY AND SELL AIRPLANES WITHOUT PAYING TAXES C THE 1031 EXCHANGE WORKS EQUALLY WELL FOR AIRCRAFT. By Harry Daniels, CPA, CFP, PFS, CVA Commercial real estate investors have long taken advantage of Section 1031 in the tax code which allows property owners to trade properties and avoid the current payment of at least a portion of the income tax that would be due on the transaction. A 2011 tax court case reminded us that these same provisions that apply to real estate also apply to the exchange of airplanes. And when you consider the tax effects of depreciation recapture, the impact of Section 1031 on your overall tax liability can be nothing short of remarkable. Consider this example: You buy real estate for $100X. Over time the value of your property increases to $150X. You find another parcel that you want, and the seller asks $150X for his property. By executing a property trade under Section 1031, you can exchange properties and avoid presently paying the tax on the $50X appreciation of your property. Later there will be a day of reconciliation — but not today. This same principle applies to airplanes but, with airplanes, the results are usually larger than you originally thought. This is because airplanes are depreciable assets, and their tax basis is reduced every year that you claim depreciation. Take the same example from above but this time imagine it is an airplane, and not real estate. Airplanes have a tax life of five years. Using author’s privilege, 46 I POPA M AG A ZINE I W INTER 2012 the airplane costs $100X and, after four years, you have depreciated the plane down to $20X. Now you want another plane. If you sell your plane outright, then any sale proceeds over $20X will be taxed. If you trade your plane under Section 1031, the tax will be deferred until sometime well into the future when you truly let go of the plane. This can make a big difference in your present year tax liability. Again, I am going to claim author’s privilege and use some made-up numbers to illustrate a point that I can almost guarantee will not be in accordance with the Internal Revenue Code. Assume in 2007 you paid $1 million for a 2001 used aircraft which you have used 100 percent for business. Naturally, you have the required logs to establish the amount of business use to meet the requirements of Section 274 of the Internal Revenue Code. In 2010, you are in the fourth year of ownership of the plane. You paid $1 million for the plane and you have claimed a total of $800,000 for depreciation deductions for the four tax years between 2007 and 2010. Your original tax basis for the $1 million purchase price has been reduced by $800,000 for depreciation, leaving your airplane with a tax basis of $200,000 on Dec. 31, 2010. Time passes, and it is 2011. You want to trade up or trade down. You need another plane for whatever reason since the plane you purchased in 2007 no longer fills the bill. Your market research finds that your 2001 plane that you purchased in 2007 for $1 million has a market value of $750,000. You decide to sell the plane and buy another plane. You locate a buyer, and you both agree that $750,000 is indeed a fair and market price and you get ready to close the deal. Then you get wise and say, “Whoa! Are there any negative tax ramifications?” Oh, yes! Have you heard of depreciation recapture? Believe me, Congress and the IRS have. It works like this: Tax law has allowed you to depreciate your $1 million airplane down to $200,000 over a four-year period. Tax law has allowed you to depreciate the airplane far more than its true loss in economic value of $250,000. Therefore, the government wants you to return the tax savings you received by claiming depreciation in excess of the true economic loss in value. The IRS wants to recapture those deductions. They do that by saying that you have made $550,000 of profit on the sale of the plane. That’s impossible, you say. You paid $1 million, and you sold the plane for $750,000. Therefore, in your eyes, you lost $250,000. Nice try, says the IRS. The IRS gave you $800,000 worth of depreciation deductions when they should have given you only $250,000. The IRS wants the tax back on those $550,000 worth of deductions. So you get out your calculator and compute that $550,000 of phantom income (depreciation recapture) at a 35 percent tax bracket is going to cost you $192,500 in taxes. After paying tax, you will have just a little more than $550,000 left to go toward your replacement airplane. Not a good day! Along comes the like-kind-exchange provision of Code Section 1031. A tax court judge once said that it is not only your privilege to do everything legally possible to minimize your tax obligations, but it is your financial obligation to do so. Bottom line, according to Section 1031, an exchange is not a sale, and there is no taxable gain or loss on an exchange. If you sell the plane outright, you end up with the $192,500 tax problem from above. However, if you trade the plane, the $192,500 tax problem goes away. In the eyes of the IRS a trade is not a terminating event. You have only substituted one piece of equipment for another piece. In a sale, you have bought, and then you have disposed. In a trade, you buy, and then you substitute. Sometimes you get lucky, and you swap planes with another owner. Sometimes an aircraft dealer will work a trade-in with you towards the purchase of your next aircraft. Many times, neither of these options will work out in the right time and place. Then what do you do? You turn to the Starker case provisions of Section 1031. If you can meet the technical requirements of the 1031 Starker provisions, you can have a grace period of up to 180 days in order to complete the deal. These provisions are specific and must be explicitly followed. In the 2011 tax case, the judge ruled against the IRS and in favor of the taxpayer that the Starker provisions were substantially complied with due to the way the taxpayer’s agreement with the qualified intermediary was worded. This just goes to show how investing a few dollars to make sure you do it right can really save your day. contract and the qualified intermediary really saved the deal for the taxpayer. Even though you take advantage of the favorable provisions of Section 1031, it is very rare that the value of the property given up will exactly match the value of the property received. As such, cash becomes the equalizer. The IRS says that cash is king, and as such, if cash is involved, then regardless of everything else, the cash part of the deal will be treated as taxable income. When cash is involved, the amount of taxable gain is the lesser of (1) the amount of net cash received or (2) the amount of taxable gain as if Section 1031 was not a part of the deal. And for the record, debt assumed and debt given is treated as an addition and/or a subtraction to the total cash of the deal. Section 1031 has many technical provisions that must be complied with, so seek legal and tax-preparer assistance. Section 1031 is optional, and its use is imposed on the IRS by the taxpayer. Therefore, the IRS will insist that all of the provisions of Section 1031 be explicitly followed. By implementing the provisions of Section 1031, the monetary rewards can be fantastic. O. H. “Harry” Daniels, Jr. is a CPA, a CFP licensee, a certified valuation analyst and a pilot. He is a partner with the firm of Duggan, Joiner & Co., Certified Public Accountants, and can be reached at 352-732-0171 or at [email protected]. A FEW OF THE KEY TECHNICAL PROVISIONS OF SECTION 1031 ARE: Q The exchange must involve business property and not property used for personal purposes, and the exchanged property must be of like class and fall within the same general asset class. Q Exchanges between related persons have a two-year look back period. If the exchanged property is disposed of within two years after the exchange, the transaction is rescinded as if the exchange never existed and was a sale on the date of the exchange unless you come under one of the exceptions of non-avoidance of tax, death or involuntary conversion. Even using a qualified intermediary will not avoid the twoyear look back rule. Q Replacement property must be unquestionably identified (make, model, year, tail number) before the end of the 45-day identification period that begins on the day the property given up is transferred. Up to three replacement properties, or an unlimited number of replacement properties that are in the cumulative less than twice the value of what was given up, must be identified within the 45-day identification period. Q The replacement property must be received within 180 days. In order to get the full 180-day window, you may have to file an extension on your tax return. A cardinal rule mandates that any money involved with the deal cannot be touched until the deal closes out. This is where the 2011 tax case saved the taxpayer, due to a technical error on the flow of money to the aircraft owner and the qualified intermediary. The WI N T E R 2012 I POPA M AG A Z IN E I 47 Vectors INVESTING Brands matter in China. Strategic technology that isn’t easily transferable and brand equity are the key factors to consider and are unfortunately often overlooked in favor of flashy (and all-too-often disingenuous) financial statements. T CHINA SKIES THE CHINESE AVIATION INDUSTRY IS ALIVE AND WELL. IT COULD BE A GREAT TIME FOR AMERICAN INVESTORS. By John Bremner The 60th anniversary of the establishment of China’s aviation industry was celebrated this past April in Beijing. Since its inception, the industry has produced more than 16,000 aircraft and helicopters and more than 60,000 engines — and things are just getting started. The Chinese aviation industry, the world’s fastest growing, is poised to be the largest — though not without a few requisite growing pains. In recent years, China’s aviation industry has diligently focused on dispelling its previous reputation for sub-par workmanship and a lack of innovative achievements. It has industriously worked toward meeting world aviation standards. It has slowly formed a high-tech industrial system represented by aircraft and helicopters with complete supporting aero-engine airborne systems, aviation weapons and a relatively complete technical basis with strong army and civilian integration. State-owned Aviation Industry Corp. of China has stakes in more than 200 factories in places you’ve never heard of, 60 offices in 29 countries around the world, and is a Fortune Global 500 company the same size as Google ($21 billion in revenues). China is in the game for the long haul and is no longer 48 I POPA M AG A ZINE I W INTER 2012 satisfied with just being a supplier. They’ve recently built the ARJ-21 Soaring Phoenix, the first passenger jet to be developed and indigenously produced by China. Seating 78-105 passengers, depending on configuration, the ARJ21 will compete head-to-head with regional jets made by dominant players Boeing and Airbus, as well as offerings from Brazil’s Embraer, Bombardier from Canada and Russia’s Sukhoi. Deliveries are scheduled to begin at the end of this year with nearly 250 orders in the pipeline. While the program itself represents a hodge-podge of 19 foreign suppliers and subcontractors like General Electric (engines), Rockwell Collins (avionics), Honeywell (fly-by-wire system) and Parker Aerospace (flight controls), China’s next big thing, the home-grown C919, promises to be 100 percent made in China. The C919 will be a 168-190 seat narrow-body airliner, and Beijing plans on selling 2,000 of them over the next 20 years. Things are buzzing on the private front, too, with tales of China being the new Ground Zero for fast and furious business aircraft sales. Bombardier, Embraer, France’s Dassault Aviation and U.S. manufacturers Gulfstream Aerospace Corp., Cessna Aircraft Co. and Hawker Beechcraft, are all clamoring to win the business of the rapidly expanding Chinese elite. Although only about 150 private jets are registered in a country with a humming economy and more than 1.3 billion inhabitants, the growth of the market is outstanding. With the construction of 15 new airports a year and delivery of 75 business aircraft this year alone, it’s no wonder Boeing’s 2011 Pilot and Technician Outlook predicts China will need 72,700 new commercial airline pilots by the year 2030. A challenge for original equipment manufacturers will be the inevitable need to set up production in China, especially for large-cabin aircraft like Bombardier’s Global line and Gulfstream’s G650. That challenge cuts to the core of old issues with China’s aviation industry: Manufacturers are hesitant to set up branch plants and disseminate technological know-how and intellectual property they are fearful will only serve as foundations for China’s own industry. But perhaps the protectionism is already a moot issue, as China’s recent moves point to long-term strategic goals and even greater ambitions. After the recent Chinese purchase of legendary U.S. Cirrus Aircraft, rumors that Chinese interests are poised to swallow venerable and iconic (but struggling) U.S. Cessna Aircraft have shifted into overdrive. With such unparalleled growth in all sectors, these are exciting times for aviation in China and for investors who want to benefit from this immense growth. Investing in branded technology is the one of the easiest and most reliable ways to benefit from China’s growth. Brands matter in China. Strategic technology that isn’t easily transferable and brand equity are the key factors to consider and are unfortunately often overlooked in favor of flashy (and all-too-often disingenuous) financial statements. Investing in a well-known brand name might not be as glamorous and thrilling as investing in small-cap Chinese names that could double or triple in a matter of weeks, but investing in branded companies which are leaders in their respective industries, including Chinese and stateside ones operating in China, is your surest and safest way to benefit from the world’s fastest growing market. MiPad ELECTRONICS Jepp FD E THE BEST IPAD APPS PROFESSIONAL CHARTS FOR THE IPAD JEPP TC AND FD By John D. Ruley Ever noticed the square black cases airline pilots carry? Open any of those cases and I guarantee that you’ll find at least one Jeppesen airway manual: A loose-leaf binder with text, terminal arrival/approach/departure plates and airport diagrams on very thin paper, and pockets for en-route charts. While FAA AeroNav (formerly NACO) charts are common among private pilots, when you get to the big leagues, Jeppesen (a division of Boeing) is the world standard. That said, FAA charts are what you’ll find on most electronic chart viewing apps – largely because, as government documents, they’re available without paying a license fee. Until 2009, the only way to get electronic Jeppesen charts was an application called JeppView for Notebook and Tablet PCs. There was no way to get Jeppesen instrument charts (particularly approach plates) on other portable devices. Two years ago, Jeppesen began offering approach plates and airport diagrams 50 I POPA M AG A ZINE I W INTER 2012 on an e-book viewer, and last year the same capability arrived on the iPad through Jepp TC. This quickly caught on because it saves a lot of weight – paper IFR charts for the lower 48 states weigh a whopping 22 pounds, not counting the binders! Jepp TC also greatly simplifies revisions. Traditionally, Jeppesen subscribers got individual pages with changes every 28 days and spent time replacing old pages in their binders. Electronic revisions are much faster. And electronic subscriptions are cheaper than getting all those pages in the mail – a full year of electronic coverage for the lower 48 costs $787 vs. $1,241 for paper. Needless to say, given all those advantages – and the runaway popularity of the iPad among pilots – Jepp TC quickly became a hit, and that brought recognition by none other than the FAA. The combination of an iPad and Jepp TC was the first offthe-shelf commercially available electronic charting solution authorized as a complete replacement for paper approach plates for airline use — after the iPad passed a rapid decompression test. However, Jepp TC didn’t quite replace the paper airway manual – it did not provide en-route and area charts. Those still came on paper. This year, that changed: A new app, Jepp FD, provides a complete replacement for all the paper in a Jeppesen Airway manual: Plates, diagrams, charts and even the airway manual text (which is provided in PDF format for viewing in iBooks). On startup, Jepp FD defaults to a page that includes an en-route chart and allows you to enter your origin and destination airports and specify a route using waypoints. Pressing an “apply” tab will generate the route and scale the chart to show it. You can then zoom in on any route segment. An on-screen button, shaped like an airplane, lists airports on the route. Tap on one and you’ll get a list of available terminal charts. Tap on a chart and it will come up. By default it’s scaled to fit on the screen, but there is an option to have it fit to the width of the screen instead. If you have an iPad2 or external GPS, your airplane position can optionally be shown on airport diagrams. Tapping an on-screen route button takes you back to the en-route chart. While all the information from paper en-route charts is available in Jepp FD, it’s not always immediately obvious. Some details (waypoints and airway numbers, for example) only show up when you zoom in. Other details are available only by request. For example, tap-and-hold on an airport icon, and a pop-up window will appear offering runway and communications information. With a GPS and ship’s position enabled (using an on-screen button that looks like a stylized arrowhead), you can choose “north-up” or “track-up” orientation. The latter is the closest thing I’ve seen to a moving-map display on the iPad, with labels always oriented properly, in contrast to ForeFlight and other apps that display scanned charts, which often have the text upside-down or sideways depending on what direction you’re flying. I tested Jepp FD on a four-hour leg flying home to California from a vacation in Jackson Hole and Yellowstone earlier this year. I had generally good results Jepp FD once I got used to the app, though I quickly realized that it’s not a true moving map – even in “track-up” mode. If you make a turn, the on-screen airplane symbol will start moving off at an angle. An easy work-around is to switch momentarily to “north-up” mode and then back to “track-up” mode. And I didn’t figure I tested Jepp FD on a four-hour leg flying home to California from a vacation in Jackson Hole and Yellowstone earlier this year. I had generally good results once I got used to the app, though I quickly realized that it’s not a true moving map – even in “track-up” mode. out how to look up Center frequencies until after I got home. Turns out, it’s in the comms section of the pop-up page for any airport. Jepp FD isn’t perfect. At this point, it’s just a chart viewing and GPS mapping application, without the advanced flight planning, weather and other features offered by JeppView. But over time that’s going to change. Jeff Buhl, senior product manager for mobile solutions, told me that on-screen “rubber band” flight-plan editing is due in the next major release, and other features, including weather, are planned beginning next year. Once or twice a year, I fly on a charity mission to Mexico with a group called Liga International (The Flying Doctors of Mercy). Until now, that always involved getting a Mexico trip kit so that I’d have en-route charts and approach plates for my route south of the border. The next time I make one of those flights, my trip kit will be electronic, downloaded to Jepp FD on my iPad. It will save weight, money and time! For more information, browse ww1. Jeppesen.com/index.jsp. John D. Ruley is an instrument-rated pilot, freelance writer and recent graduate of the University of North Dakota Space Studies graduate program (Space.edu). He is also a volunteer pilot with LigaInternational.org, and a member of the board of directors of Mission Doctors Association (MissionDoctors.org). You can reach him by email to [email protected]. Monitor your engine. Now, more than ever, asset management is critical. Pilots and owners flying thousands of hours throughout the world are already using our service to avoid spending money unnecessarily. Our trend monitoring program detects and diagnoses subtle changes in engine performance, often preventing secondary—more costly—damage. Let us show you the many benefits of being vigilantly aware of your engine’s performance. Turbine Trend Analysis—monitoring the most expensive component of your aircraft. P.O. Box 642 Clovis, CA 93613 p 559.297.6490 800.297.6490 f 559.297.6499 thetrendgroup.com WI N T E R 2012 I POPA M AG A Z IN E I 51 Cabin Cuisine RECIPES WILD MUSHROOM CHEDDAR BURGER CELEBRITY RECIPES TO MAKE AND TAKE WITH YOU Bobby Flay “During my travels for the old Food Network show Food Nation, I had the opportunity to go foraging for mushrooms with an expert in Washington State. I can’t think of mushrooms without remembering that trip. I do NOT recommend hunting out your own mushrooms – let’s leave that to the experts – but I do recommend using a variety of what your supermarket has to offer. They may not be technically ‘wild,’ but a blend from your market will be still be delicious and, more importantly, not deadly! I think that any cheddar would pair well with the mushrooms, but if you can find a sharp Tillamook cheddar from Oregon, it would be all the better!” Bobby Flay is the owner and executive chef of seven restaurants: Mesa Grill and Bar Americain in New York City, Mesa Grill in Las Vegas, Mesa Grill in the Bahamas, Bobby Flay Steak in Atlantic City, N.J., and Bobby’s Burger Palaces in Lake Grove, N.Y., Paramus, N.J., and Eatontown, N.J. Flay has hosted seven Food Network Television programs and appeared regularly on an eighth. He has also appeared as a guest on other Food Network shows and hosted a number of other television specials. We asked Flay to share his thoughts on making a great sandwich to take with you on your next cross-country! 52 I POPA M AG A ZINE I W INTER 2012 WILD MUSHROOM CHEDDAR BURGER Ingredients • Sautéed mushrooms • 2 tbsp. olive oil • 1 tbsp. unsalted butter • 3/4 lb. assorted mushrooms (cremini, lobster, chanterelle, shiitake) coarsely chopped • 1 shallot, finely diced • Kosher salt and freshly ground black pepper • 1 tbsp. chopped fresh thyme • 3 tbsp. chopped fresh flat-leaf parsley • 4 hamburgers • 4 slices sharp cheddar cheese Preparation 1. Heat the oil and butter in a large sauté pan over high heat until almost smoking. Add the mushrooms and cook, stirring occasionally, until soft, about five minutes. Add the shallot, salt and pepper and cook until the mushrooms are golden brown, about five minutes longer. Stir in the thyme and parsley and transfer to a bowl. 2. Top four burgers with a slice of cheese and a few large spoonfuls of mushrooms. Test Yourself TRIVIA SMACKDOWN 4. The prototype for the famous Northrop Flying Wing, the YB-49, actually appeared in which Hollywood movie? 8. “Lawn Chair Larry” refers to a gentleman who tied helium balloons to a beach chair and made a 45-minute flight over Los Angeles. His accomplishment won him: a. b. c. d. a. An appearance on the David Letterman Show b. A $4,000 fine from the FAA c. First prize from the Bonehead Club and a Darwin Award d. All the above 12 O’clock High War of the Worlds From Here to Eternity Destination Moon 5. Virgin Atlantic Air Lines sponsored an annual contest for works of art to be applied to the company’s air-sickness bags. The competition was titled: TEST YOURSELF AS A REPOSITORY OF RIDICULOUS, WORTHLESS FACTS 1. The windows in airport control towers are tilted exactly 15 degrees. Why? a. To deflect wind gusts b. To deflect direct UV light c. To allow better visibility at sunrise and sunset d. To minimize reflections inside the tower 2. The first airplane fatality occurred in 1908. The pilot was: a. Wilbur Wright b. Emmet Rickenbacker c. T. T. ”Red” Harloggen d. Guillaume Fabry a. b. c. d. Blown Opportunities Déjà vu Design for Chunks Chunder Road 6. To test theories on learning “fog flying,” aviator Jimmie Doolittle covered every window in his airplane, and then proceeded to practice take off and landings with no visual reference to the outside. a. True b. False 9. Lawrence Sperry, the namesake for the company which would go on to be an aerospace giant, crashed a Curtiss Flying Boat in 1916 outside of Babylon, N.Y. Sperry and his female passenger were found naked in the wreckage and ultimately honored as the first members of the Mile High Club. The crash helped motivate Sperry toward one of his most famous inventions: a. b. c. d. The auto pilot The gyroscope The wing leveler The reclining seat 10. Famous air racer and Indianapolis 500 driver Mickey Rupp said: a. “I must place on record my regret that the human race ever learned to fly.” 3. The first twin-engine aircraft flew in: 7. In which twin-engine airplane listed below can you earn a multi-engine rating but not be allowed to fly the others listed below? a. France b. England c. Russia d. United States a. b. c. d. Piper Seminole Diamond TwinStar Beechcraft Duchess Cessna Skymaster b. “If helicopters are so safe, how come there are no vintage/classic helicopter fly-ins?” c. “After about 30 minutes, I puked all over my airplane. I said to myself, ‘Man, you made a big mistake’.” d. “Air racing may not be better than your wedding night, but it’s better than the second night.” Answers: 1. d, 2. a, 3. c, 4. b, 5. c, 6. a, 7. d, 8. d, 9. a, 10. d (Editors’ Note: Question 10a. was said by Winston Churchill, 10b is anonymous, and 10c from Chuck Yeager.) PC12 Training ½ Your Aircraft, your Avionics ½ You pick the time / location In your aircraft ½ You don’t travel Approved by major insurance underwriters Another Choice For Training 54 I POPA M AG A ZINE I W INTER 2012 John K. Morris Owner/Instructor 407-721-7442 www.acftservices.com ½ Training with Active, 13 year PC12 Instructor/Pilot Providing training exclusively for all PC12’s since 2007 TRAVEL I DOMINICAN REPUBLIC SWIM WITH SOME OF THE LARGEST MAMMALS ON EARTH THOUSANDS OF HUMPBACKS COME TO THE DOMINICAN REPUBLIC AND OFFER YOU A ONCE-IN-A-LIFETIME ENCOUNTER WITH WHALES. The motor vessel essel Su Sun Dancer II quietly glides to its mooring in Silver Bank Marine Sanctuary in the Do Dominican Republic where it will sit for almost a week. She’s one of only ted to enter the area. Eager passengers, many of whom have come half three boats permitted way around the world for this unique experience, wait to board the smaller dive tender boats for a short ride to be face-to-face with whales that range up to 50 feet in length Humpbacks, like other species of large whales, were nearly hunted to extinction before a whaling moratorium was established in 1966. These whales spend their lives migrating from polar waters, where they feed on krill and other small fish, all the way to tropical or subtropical waters to mate and give birth to their young. It is estimated that currently about 80,000 humpback whales are spread across the planet. W I N T E R 2 0 1 2 I P OPA M AG A Z I N E I 57 Travel DOMINICAN REPUBLIC Because the whales are protected, it is illegal to approach them. Instead, customers put on their diving masks, fins and snorkels, slide into the water and wait for the whales to approach them. Gene Flipse, Sun Dancer II’s captain, briefs the passengers on procedures they’ll use to get in the water with the whales. Because the whales are protected, it is illegal to approach them. Instead, customers put on their diving masks, fins and snorkels, slide into the water and wait 58 I POPA M AG A ZINE I W INTER 2012 for the whales to approach them. Scuba and rebreathers are not allowed. While many people would refer to this experience as “swimming with whales,” there is very little actual swimming required. Guests float on the surface in their wetsuits and watch. Whales typically arrive in the Dominican Republic in December and January and stay through March or April. This is the time of year to see the male humpbacks wooing the females and mothers swimming side-by-side with newborn calves. Capt. Flipse encourages the boat’s guests not only to look but listen as well. Male humpbacks serenade females with the longest and most complex songs in the animal kingdom. The clear water in the Dominican Republic is also home to sperm whales, pygmy sperm whales, pilots, false killers and a variety of dolphin species including bottlenose, Risso’s, Fraser’s, spotted and spinner. The Sun Dancer II’s four decks are spacious, comfortable and well appointed, with air conditioning in all interior areas. She can sleep a maximum of 18 guests, with two master staterooms and seven deluxe staterooms. Each features individual climate controls, picture windows and a flat-screen TV with DVD player. The spacious dive deck features two freshwater showers, warm fresh towels, a water fountain and separate rinse tanks for cameras and snorkel gear. For the photographer, there are two large camera tables, and all guests have their own dedicated gear station. But the real show is taking place all around the boat where a non-stop ballet is under way and underwater. Passengers regularly report that being in the water with these magnificent creatures is one of the highlights of their lives. Local regulations strictly limit the number of people who can get in the water with the whales. Sign up early to guarantee your adventure. For more information, log onto IncredibleAdventures.com or call 800.644.7382. Airport: Aeropuerto de las Américas (SDQ). LOOKING FOR THE PERFECT SINGLE? 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