DUE DILIGENCE LOGIX GLOBAL, INC. Mi

Transcription

Project Development
/
Project Management
/
Business Consulting
DUE DILIGENCE
LOGIX GLOBAL, INC.
Mi-8MSB REMANUFACTURE & SALES PROGRAM
Prepared by Aposse Project Development
April 2013
MI-8 MSB
Logix Global seeks cash and/or credit facilities
$7.5M
to execute a three year aircraft refurbishment
and retail sales program
whereby 133 ea decommissioned MI-8T helicopters
will be overhauled for international sale.
Aposse Project Development / PO Box 820159, Dallas, Texas 75382 / (516) 448-3965 / [email protected]
Project Development
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Project Summary
Logix Global (The Company) seeks $7.5M to initiate production cycle with premiere factory on first two helicopters in revolving-door refurbishment program called the MI-8 MSB program.
Cash flow back to the project starts with the sale of first two unit, projected to be 3-6 months from funding. Additional funds
might be needed to fulfill purchase orders with 20% down. PO’s go to the head of the production line.
The venture will refurbish decommissioned and surplus MI-8T helicopters in a full-upgrade and overhaul program at the
renowned facility, Motor Sich. Within 90 days, the “base-model” is finished and ready for sale. Refurbished aircraft receive an
enviable new 2013 production year status, tail numbers and certification. End user upgrades take an additional 60 days. A
variety of end-user configurations are available, at extra cost. Some include executive transport, air ambulance, and search
and rescue versions. Subsequently, aircraft will be resold at market; a market which seems to bear markup at 40% or greater.
Finished aircraft will be sold internationally as a Mi-8MSB variant. Usual and customary manufacturer warranties apply.
Demand seems robust for the finished Mi-8MSB’s. The aircraft’s flight and heavy lift attributes make it highly marketable.
The market includes countries, corporations and high profile, high net-worth individuals. Gross mark up per helicopter projected to be, at least, $4M per unit or $8M gross profit on the turnaround of the first two.
No barriers to entry. Principals in LG have secured necessary licenses to allow it to perform and execute its business model.
Principals include former U.S. and Russian military officers (now US citizens) as well as seasoned international businessman.
Direct sales, brokers and tradeshows are preliminary methods to achieve sales traction.
Use of funds of $6M: Six million produces the first two units for sale.
1.
2.
$5M will be paid directly to Motor Sich, a known and respected manufacturer of heavy lift helicopters. 50% down x 2.
$1M or $250K per quarter to provide for trade shows, marketing and travel.
Sales Strategy
:
The investment produces two finished units in 90-150 days, and the means to sell them. The Logix Global principals of
Hodges and Glovatski will sell direct to their military network of officials, and the Aposse team of four would like the assignment of selling the units through the trade show circuit (4 shows per year). Units will retail for 9.75M on costs of 4.7M each.
Add 300K per unit all in for marketing, sales and carrying costs. At least a 44% markup is expected. Program is projected to
be three to four years to turnaround on 133 units. Proof of concept should lead to direct sales within 90 days. Price points
will be reevaluated 90 days after completion if units are slow to sell at retail.
Credit line or Loan:
1.
2.
3.
4.
5.
Funder puts up $12M, and holds The Company and LTV assets as security for credit line or loan.
Collateral assets valued at 14.4M retail, 8.28M wholesale and 7.2M salvage. Appraised values @ 1.8M each.
Holiday or Interest only first 6 months requested to enable sales traction. Balloon in month 24 P&I.
Amortized payments 60 months @ 10%.
Soft costs 5% or equity swap.
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Sales Strategy
Success Factors:
The success of the program rests firmly upon the shoulders of principals Lieutenant Colonel Dan Hodges and Alex Glovatski’s and their ability to identify and secure buyers for the aircraft in production. Aposse Development’s John Lage, William Homeier and Thom Macnamara will also participate in sales
and marketing of the finished aircraft, by attending at least four industry trade shows.
Presales:
Because the program is new, presales are not an option at this time. However, with
successful production of two aircraft and successful sale of, at least one, the team of Hodges and Glovatski will
have a demo model from which to obtain future orders, accompanied by down payments of 25% or more when
individual aircraft are brought to previously mentioned “green status”. Once “buyer-upgrades are chosen, it is expected that buyer will pay an additional 25% until delivery. Future down payments will offset the need for additional capital.
First Production Run:
Initially, LG intends to induct the first two (2) airframes into overhaul; all with upgraded glass cockpits. Once they are committed to a buyer; LG will start another production run.
Capital Requirements:
Two units in overhaul + marketing & sales= 7.5M. Balance due at delivery;
"Delivery" is defined as receipt and acceptance by end-Buyer, which would include release of the 20%-25% deposit and payment of balance in full to complete the transaction.
Marketing:
It is their intent to market aircraft both through a series of broker networks, like:
1. Kazi IG
(http://www.kaziig.com/partners.html)
2. Global Plane Search
http://www.globalplanesearch.com/search?gpsq=mil+8
3. Air Controller
http://www.controller.com/
f) Trade Shows:
Principals have delineated soft costs of $62.5K per quarter for 12 consecutive
quarters of the three-year program for marketing, T&E and tradeshows. Specifically, they have targeted the four
most visible tradeshows in the industry.
1.
Dubai Air Show 17-21 November, 2013, Dubai World Central http://www.dubaiairshow.aero/. The
Dubai Air show is firmly established as a key event on the international aerospace calendar consistently delivering key buyers and decision makers - offering you unrivalled access to the Middle East aerospace market in
a highly focused environment. In spite of declining markets and economies in recent years the Middle East is
still investing, buying and improving. Aviation’s importance to Dubai is expected to grow further over the next
decade. The economic contribution of the aviation sector is set to rise to US$44.5 billion or 32% of Dubai’s
GDP and 372,900 jobs representing approximately 22 % of its employment by 2020. (Source: Oxford Economies report, July 2011). In the wider region Saudi Arabia has the largest defense budget with many RFPs
awaiting final decisions. The regional military air market is set to generate revenues of US$62.9 billion, between 2010 and 2020.
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Sales Strategy
2. Farnborough Air Show 14-20 July 2014, Hampshire UK. http://www.farnborough.com/public-welcome.
Orders and commitments announced at Farnborough totaled US$72 billion for 758 aircraft, a 53% increase on
order figures in 2010. To add further weight to the show’s success, 1506 Exhibitors from 39 countries took
part. The first five days of the show attracted just over 109,000 trade visitors, 80 military delegations from 46
countries attended and a further 13 delegations from the civil sector.
3. Heli-Expo
4-7, March 2014, Las Vegas Nevada. http://www.rotor.com. More than 20,000
helicopter industry professionals will be in Las Vegas March 4–7, 2013, for the world's largest helicopter exposition and trade show.
4. Paris Air Show
17-23 June, 2014, Paris France. http://www.paris-air-show.com/. The last show
saw the involvement of over 2,100 exhibiting companies, almost 300 high-level official delegations and some
151,000 professional visitors from around the globe.
g)
Articles of Battle (AOB) The AOB http://www.globalsecurity.org/military/world/index.html is a comprehensive listing, country by country, of aviation needs for the upcoming budget year.
h)
PLANAF
Plan AF is source book dedicated to current inventory of select countries participating. Aircraft Inventory is updated annually.
I)
Direct Solicitation
With access to senior level, longtime contacts at embassies, the Department of Defense, and various departments of state around the world, Lieutenant Colonel Hodges, Lieutenant General
Knutson and Captain Glovatski believe they can move aircraft within 90 days of completion.
j) The 1% Solution
A pricing strategy, exit strategy and risk strategy being considered whereby a
finished aircraft is discounted 1% per month until it meets market equilibrium. This would begin 120 days
after factory delivery.
Year
Units Sold
$
1
12
$
108,000,000
2
61
$
549,000,000
3
60
$
540,000,000
$
1,197,000,000
Total
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ASSETS WHICH CAN BE PLEDGED FOR CASH
N-Number
Serial
Number
Manufacturer Name /
Model
Owner
818LG
2018
CANADAIR LTD / CF-5D
Tiger Aircraft Corp.
$2,400,000
$1,800,000
$1,260,000
$900,000
824LG
2024
$2,400,000
$1,800,000
$1,260,000
$900,000
831LG
2031
$2,400,000
$1,800,000
$1,260,000
$900,000
836MX
2036
$2,400,000
$1,800,000
$1,260,000
$900,000
837LG
2037
$2,400,000
$1,800,000
$1,260,000
$900,000
841LG
2041
$2,400,000
$1,800,000
$1,260,000
$900,000
$14,400,000
$10,800,000
$7,560,000
$5,400,000
Retail
Wholesale
(Appraised)
LV
Salvage
LOGIX GLOBAL / TIGER AIRCRAFT INVENTORY & DOSSIER
FAA Registry
Name Inquiry Results
Name Entered: TIGER AIRCRAFT CORP
Sorted By: N-Number
n_number serial_number
mfr_name
model
name
6561X
10252
TIGER AIRCRAFT LLC AG-5B TIGER AIRCRAFT CORPORATION
818LG
2018
CANADAIR LTD
CF-5D TIGER AIRCRAFT CORP
824LG
2024
CANADAIR LTD
831LG
2031
CANADAIR LTD
836MX
2036
CANADAIR LTD
837LG
2037
CANADAIR LTD
841LG
2041
CANADAIR LTD
4/1/2013 2:50:06 PM
COMPS - CF5D - T38
http://www.planecheck.com/index.asp?ent=ap&man=&des=F5&type=&grp=Northrop%20F-5&id=0
http://courtesyaircraft.com/Current%20Inventory/N840MQ%20Canadair%20CF-5D.htm
http://www.prideaircraft.com/CF-5.htm
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ADDITIONAL ASSETS WHICH CAN BE PLEDGED FOR CASH
MI8 AIRFRAMES PREVIOUSLY ACQUIRED FOR CASH
Value = $1,800,000
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ADDITIONAL ASSETS WHICH CAN BE PLEDGED FOR CASH
ACQUIRED PARTS INVENTORY- MI-8
FULL LIST AVAILABLE ON REQUEST
FSC
NSN
Part #
6097303911
6097303923
6097303921
6097303913
609730395
609730399
609730397
609730391
609730391
609730393
609733017
6097330125
6097330123
60973101135
6097310111
609733012
6097330127
6097330129
6097330131
6097330135
19A921
6097318125
6097318117
6097318119
6097318127
609727041
609737013
609737016
609737017
609737015
609730753
60973501S
870077B501
609734101
609730121S
40PL00B7
000720151
0007201549
0007201533
0007201537
6097330135
609226011
609735011S
609739071S
609721043S
609726121
8649501
709730741
609720121
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Quanity
1.00
1.00
1.00
1.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
4.00
1.00
4.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
2.00
1.00
3.00
1.00
2.00
4.00
1.00
1.00
1.00
2.00
1.00
2.00
1.00
2.00
1.00
1.00
2.00
1.00
1.00
Box
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
Part #
609721291
609731013
499JH
HOSE
6.0972E+10
6097210189
6097310115
6.0973E+10
6.0973E+10
6.0973E+10
6.0973E+10
6.0973E+10
6.0973E+10
6097310121
6.0973E+10
6097310119
6097310191
6097310123
6.0973E+10
609731011S
6.0973E+10
609734061
6097330129
609731015
6097330127
609728011S
6.0974E+11
609731811S
609730611
6097330131
609733013
28VS50Y12
6.0973E+10
609733041
609731261
60973101201S
6097310173
6.0973E+10
6.0973E+10
6.0973E+10
6097310141
6097310142
609731015
609730621
60973401S
609730381
609731801
609730741
6.0973E+10
Quanity
$
2.00
$
2.00
$
1.00
$
1.00
$
2.00
$
1.00
$
1.00
$
1.00
$
1.00
$
1.00
$
1.00
$
1.00
$
1.00
$
1.00
$
1.00
$
1.00
$
1.00
$
1.00
$
1.00
$
1.00
$
2.00
$
2.00
$
1.00
$
2.00
$
1.00
$
2.00
$
1.00
$
1.00
$
2.00
$
1.00
$
1.00
$
2.00
$
1.00
$
4.00
$
2.00
$
2.00
$
4.00
$
2.00
$
2.00
$
2.00
$
2.00
$
2.00
$
1.00
$
2.00
$
2.00
$
2.00
$
1.00
$
1.00
$
2.00
Box
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
E-69
609723041
609720159
609730671
6.0973E+11
609731791
5109M4
1560
1560
1560
1560
1560
1560
1560
1560
1560
1560
5306
4710
5995
1650
2915
1680
1650
1620
1680
1650
1560
4940
1650
1560
1730
1560
1560
4920
4920
218565409
218603779
218456169
218456182
218467301
218490727
002205832
006059552
009487460
218581163
012098707
218567023
009070058
002265787
218443679
009992269
002265786
218645282
218692952
008350129
218456043
007645618
218442531
008364171
006147192
007588609
007588608
218110236
218442492
1560
1560
219048164
219041257
35492023
8130131
8130111
8130133
8130134
1560
1560
1560
1560
1560
1560
1560
001036829
009597746
009597743
008679687
009363212
218524207
001019299
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
2.00
2.00
2.00
2.00
2.00
2.00
1.00
1.00
1.00
1.00
2.00
4.00
1.00
1.00
1.00
2.00
64.00
2.00
1.00
2.00
2.00
1.00
1.00
2.00
1.00
2.00
7.00
1.00
1.00
8.00
12.00
4.00
4.00
4.00
2.00
4.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
3.00
1.00
1.00
1.00
1.00
E-69
E-69
E-69
E-69
E-69
E-69
MH02
MH02
MH02
MH02
MH02
MH02
MH02
MH02
MH02
MH02
MH02
MH02
MH02
MH02
MH02
MH02
MH02
MH02
MH02
MH02
TRW11
ALONE
ALONE
PALLET
#79
TRW33
TRW33
TRW32
TRW32
TRW32
TRW38
TRW38
TRW38
TRW38
TRW38
TRW38
T78
T78
T78
T78
T78
T78
T78
1560
1560
1560
001019298
218941103
009468401
$
$
$
$
$
1270
1560
5826
6110
6625
5835
4920
1560
1560
1560
1560
1560
1560
1560
1650
1650
1660
4710
4710
4810
4810
4820
6130
6605
1560
1560
1560
1680
2995
5821
5826
5895
5985
5985
6340
1560
5821
1680
5340
5340
5826
5895
5975
5985
6340
6605
Z54331
Z54332
990754128 389289330
007588608 624270501
006914889 RT471ARN65
218455120
8609003
013928900 MX515ARN504
218449716
218110236
013371666
000553956
25420501
006862019
31233155
007679602
2236123
009054446 311233101B
218581117
8546133
219011533
3112346
009981287 243160508
218442009
8430901
002265504 354917501
218542695 252202107
218567062 252302101
001043422
13930
008143920
26540396
001057254 AV19A1017
009092090
8179421
218419842
IDS7
008868234 355317502
009054441
31233147
011679483
35531712
007151608
R151521
013017036 12A00447P01
009787868
GB4426
218597624
179J8B
218462420
SA5043A
000977374 NOR8619091
007785164 C2193ARC
218699127 BTI600300A
218814861
009007995
218964963
83257151
006630840AS21919WDG27
006640584AS21919WDG30
004613530 SCD8619231
218679146 RT862AAPX77
013933242
MT5140BARN504V
218472080 AS5051ARA50
219027463
CMA873
218692228 94800611AE
1.00
8.00
1.00
1.00
1.00
1
1
4
2
1
1
6
1
1
1
1
1
2
2
2
1
1
1
2
2
1
5
1
2
2
3
2
1
1
14
12
13
7
13
13
1
11
1
63
122
3
7
12
11
1
1
(Abbreviated List)
Approximate Cash value = $2M
T78
T78
T78
T78
T78
MH10
MH10
MH10
MH10
MH10
MH10
MH10
MH10
MH05
MH05
MH05
MH05
MH05
MH05
MH05
MH05
MH05
MH05
MH05
MH05
MH05
MH05
MH05
MH05
MH07
MH07
MH07
MH07
MH07
MH07
MH07
MH07
MH07
MH07
MH07
MH07
MH07
MH09
MH09
MH09
MH09
MH09
MH09
MH09
MH09
MH09
Project Development
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Business Consulting
Cash Flow - Quarter to Quarter
Project Development
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Project Management
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Business Consulting
COST INPUTS
April 3, 2013
(All figures in actual $ unless otherw ise noted)
BASIC COSTS
Base Cost
Annex 6 - Line Item
Annex 6 - Line Item
Annex 6 - Line Item
Additional Options
Annex 6 - Line Item
Annex 6 - Line Item
Annex 6 - Line Item
Annex 6 - Line Item
1
2
7
$
$
$
Estimate
$3,514,273
980,000
2,420,000
114,273
3
4
5
6 (aka - full glass cockpit)
$
$
$
$
309,222
168,056
164,022
1,000,000
$
4,514,273
Cost of "Cores" (retired Mi8's) per Unit - Budgeted
First 12 ($2,000,000)
Completion of initial 72 in Contract
Additional Option (60)
Legal
Title & Legal per unit
Soft Costs
Travel, Marketing & Sales
$
$
$
$
250,000
166,667
250,000
250,000
Total Capital Cost
$
Assumed Typical Mi8-MSB (Annex 6 Base + Line Item 6)
10,000
250,000
4,514,273
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Project Development
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Logix Global Balance Sheet as of December 31, 2012
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Business Consulting
Possible Loan Amortization Table - 7.5M@10%, 5 years
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Aircraft Description N818LG
Serial Number
2018
Status
Valid
Manufacturer Name
CANADAIR LTD
Certificate Issue Date
05/02/2012
Model
Type Aircraft
CF-5D
Expiration Date
05/31/2015
Fixed Wing Multi-Engine
Type Engine
Turbo-jet
Dealer
Mode S Code (base 8 /
oct)
hex)
Fractional Owner
No
Pending Number Change None
Date Change Authorized None
MFR Year
None
Type Registration
Corporation
52624025
AB2815
NO
Registered Owner
Name
TIGER AIRCRAFT CORP
Street
6969 E SUNRISE DR STE 100
City
TUCSON
State
ARIZONA
County
PIMA
Zip Code
85750-0718
Country
UNITED STATES
Project Development
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Business Consulting
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Serial Number
2031
Status
Valid
Manufacturer Name
CANADAIR LTD
04/24/2012
Model
Type Aircraft
CF-5D
Expiration Date
04/30/2015
Type Engine
Turbo-jet
Dealer
oct)
No
52656422
MFR Year
None
Mode S Code (base 16 / AB5D12
Type Registration
Corporation
Fractional Owner
NO
Registered Owner
Name
TIGER AIRCRAFT CORP
Street
City
TUCSON
State
ARIZONA
County
PIMA
Zip Code
85750-0718
Country
UNITED STATES
Engine Manufacturer
Unknown
Classification
Unknown
Engine Model
Unknown
Category
None
A/W Date
None
Project Development
/
Project Management
/
Business Consulting
.
Aircraft Description N836MX
Serial Number
2036
Status
Valid
Manufacturer Name
CANADAIR LTD
04/24/2012
Model
Type Aircraft
CF-5D
Expiration Date
04/30/2015
Type Engine
Turbo-jet
Dealer
oct)
No
52667715
MFR Year
None
Mode S Code (base 16 / AB6FCD
Type Registration
Corporation
Fractional Owner
NO
Registered Owner
Name
TIGER AIRCRAFT CORP
Street
City
TUCSON
State
ARIZONA
County
PIMA
Zip Code
85750-0718
Country
UNITED STATES
Engine Manufacturer
Unknown
Classification
Unknown
Engine Model
Unknown
Category
None
A/W Date
None
The information contained in this record should be the most current Airworthiness information available in the historical aircraft record. Howe
data alone does not provide the basis for a determination regarding the airworthiness of an aircraft or the current aircraft configuration. For spe
Project Development
/
Project Management
/
Business Consulting
.
Serial Number
2024
Status
Valid
Manufacturer Name
CANADAIR LTD
05/02/2012
Model
Type Aircraft
CF-5D
Expiration Date
05/31/2015
Type Engine
Turbo-jet
Dealer
oct)
hex)
Fractional Owner
No
MFR Year
None
Type Registration
Corporation
52640270
AB40B8
NO
Registered Owner
Name
TIGER AIRCRAFT CORP
Street
City
TUCSON
State
ARIZONA
County
PIMA
Zip Code
85750-0718
Country
UNITED STATES
Airworthiness
Engine Manufacturer
Unknown
Classification
Unknown
Engine Model
Unknown
Category
None
A/W Date
None
Project Development
/
Project Management
/
Business Consulting
Serial Number
2037
Status
Valid
Manufacturer Name
CANADAIR LTD
04/24/2012
Model
Type Aircraft
CF-5D
Expiration Date
04/30/2015
Type Engine
Turbo-jet
Dealer
oct)
No
52671534
MFR Year
None
Mode S Code (base 16 / AB735C
Type Registration
Corporation
Fractional Owner
NO
Registered Owner
Name
TIGER AIRCRAFT CORP
Street
6969 E SUNRISE DR #100
City
TUCSON
State
ARIZONA
County
PIMA
Zip Code
85750-0718
Country
UNITED STATES
Engine Manufacturer
Unknown
Classification
Unknown
Engine Model
Unknown
Category
None
A/W Date
None
.
Project Development
/
Project Management
/
Business Consulting
.
Serial Number
2041
Status
Valid
Manufacturer Name
CANADAIR LTD
04/25/2012
Model
Type Aircraft
CF-5D
Expiration Date
04/30/2015
Type Engine
Turbo-jet
Dealer
oct)
No
52702221
MFR Year
None
Mode S Code (base 16 / AB8491
Type Registration
Corporation
Fractional Owner
NO
Registered Owner
Name
TIGER AIRCRAFT CORP
Street
City
TUCSON
State
ARIZONA
County
PIMA
Zip Code
85750-0718
Country
UNITED STATES
Engine Manufacturer
Unknown
Classification
Unknown
Engine Model
Unknown
Category
None
A/W Date
None
Project Development
/
Project Management
/
Business Consulting
Aircraft History N818LG
.
Aposse Project Development / PO Box 820159, Dallas, Texas
75382 / (516) 448-3965 / [email protected]
Project Development
/
Project Management
/
Business Consulting
Outside Certified Appraisals
.
Project Development
/
Project Management
/
Business Consulting
.
Project Development
/
Project Management
/
Business Consulting
.
Project Development
/
Project Management
/
Business Consulting
.
75382 / (516) 448-3965 / [email protected]
Project Development
/
Project Management
/
Business Consulting
.
Aircraft History - From Northrop to Logix Global
116818
Northrop
Canadair
CL-219-1A17
2018
CF-116
CF-116D
CF5 Dual
first date: 5 August 1969 - Taken on strength
Originally ordered as RCAF 14818, re-marked before completion. Initial delivery to CFB
Bagotville, PQ for use by 433e L'Escadre de Combat. Later to No. 434 Squadron. With
No. 419 Squadron at CFB Cold Lake, Alberta in 1979, 1982 and 1983. Back with 434
Squadron in 1988. Received full Avionic Update Program modifications in early 1990s.
Still with No. 419 Squadron, CFB Cold Lake, in early 1995, one of the last operational CF5s. Stored at CFB Trenton by June 1995. Seen in storage, outdoors at CFD Mountain
View, Ontario in October 2005. Still stored outside, wrapped in plastic, in September
2007. Still outside, wrapped in foil, by August 2008. Still stored outside at Mountain View
in November 2008. Reported as sold to Aero Vision in USA, but still at Mountain View in
June 2010 and October 2010. Left Mountain View on 28 July 2011. Seen in storage at
Red Eagle Avionics, Wilmington, Delaware in October 2011.
last date: c.2011 - Struck off, sold
116824
Northrop
Canadair
CL-219-1A17
2024
CF-116
CF-116D
CF5 Dual
first date: 5 August 1969 - Taken on strength
Originally ordered as RCAF 14824, re-marked before completion. Delivered direct to
CFB Cold Lake, Alberta. With No. 434 Squadron at Cold Lake in 1974. With No. 419
Squadron at Cold Lake, in aggressor markings, by 1978. Used in mid 1970s by "Rut Zulu"
demonstration team. Received full Avionic Update Program modifications in early 1990s.
Still with No. 419 Squadron, CFB Cold Lake, in early 1995, one of the last operational CF5s. Stored at CFB Trenton by June 1995. Seen in storage, outdoors at CFD Mountain
View, Ontario in June 1997, still there in October 2005. Still stored outside, wrapped in
plastic, in September 2007. Still stored outside at Mountain View in November 2008.
Reported as sold to Aero Vision in USA, but still at Mountain View in June 2010. Left
Mountain View on 11 July 2011. Registered as N824LG in February 2012, to Logix
Global Inc. of Lewis, Delaware.
116831
Northrop
Canadair
CL-219-1A17
2031
CF-116
CF-116D
CF5 Dual
first date: 9 January 1974 - Taken on strength
First flight on 31 January 1974. Initial delivery to CFB Cold Lake, Alberta on 5 March 1974,
for use by No. 419 Squadron, in aluminum finish. Still with this Squadron in 1979 and 1981.
Operated by Aerospace Engineering Test Establishment in 1985, and again in 1990.
Received full Avionic Update Program modifications in early 1990s. Back to 419 Squadron in
1991. Still with No. 419 Squadron, CFB Cold Lake, in early 1995, one of the last operational
CF-5s. Stored at CFB Trenton by June 1995. Seen in storage, outdoors at CFD Mountain
View, Ontario in June 1997, still there in October 2005. Still stored outside, wrapped in
plastic, in September 2007. Still stored outside at Mountain View in November 2008.
Reported as sold to Aero Vision in USA, but still at Mountain View in June 2010. Left
Mountain View on 2 August 2011. Registered as N831LG in December 2011, to Logix Global
Inc. of Lewes, Delaware.
Project Development
/
Project Management
/
Business Consulting
Aircraft History - From Northrop to Logix Global
116836
Northrop
Canadair
CL-219-1A17
2036
CF-116
CF-116D
CF5 Dual
First flight on 8 April 1974. Initial delivery to CFB Cold Lake, Alberta on 9 July 1974. With
No. 1 Flying Training School at Cold Lake in 1975. Used by Aerospace Engineering and Test
Establishment in 1979, 1982, 1983, and 1987. With No. 419 Squadron at Cold Lake in 1989.
Received full Avionic Update Program modifications in early 1990s. With No. 419 Squadron,
CFB Cold Lake, in early 1995, one of the last operational CF-5s. Still in use in June 1995.
Stored at CFB Trenton by September 1995. Seen in storage, outdoors at CFD Mountain
View, Ontario in October 2005. Still stored outside there in September 2007. Still outside,
wrapped in foil, by August 2008. Still there in November 2008. Reported as sold to Aero
Vision in USA, but still at Mountain View in June 2010 and October 2010. Left Mountain View
on 30 June 2011. Registered as N836LG in February 2012, to Logix Global Inc. of Lewis,
Delaware.
116837
Northrop
Canadair
CL-219-1A17
2037
CF-116
CF-116D
CF5 Dual
First flight on 25 April 1974. Initial delivery to CFB Cold Lake, Alberta on 29 May 1974. With
No. 1 Flying Training School at Cold Lake in 1975. With No. 434 Squadron in 1979, 1985,
and 1988. Received full Avionic Update Program modifications in early 1990s. With No. 419
Squadron, CFB Cold Lake, in early 1995, one of the last operational CF-5s. Stored at CFB
Trenton by June 1995. Seen in storage, outdoors at CFD Mountain View, Ontario in October
2005. Still stored outside, wrapped in plastic, in September 2007, and August 2008. Still
stored outside at Mountain View in November 2008. Reported as sold to Aero Vision in USA,
but still at Mountain View in June 2010 and October 2010. Left Mountain View on 15 July
2011. Registered as N837LG in February 2012, to Logix Global Inc. of Lewis, Delaware.
116841
Northrop
Canadair
CL-219-1A17
2041
CF-116
CF-116D
CF5 Dual
first date: 9 January 1974 - First flight, from Cartierville.
First flight at Cartierville on 25 June 1974. Initial delivery to CFB Cold Lake, Alberta on 12
July 1974. With No. 419 Squadron at Cold Lake in 1979 and 1985, in aluminum paint
scheme. With No. 434 Squadron in 1987. Used as prototype for the full Avionic Update
Program modifications. Rolled out at Bristol Aerospace in Winnipeg in August 1989, first flight
in fully modified configuration on 14 June 1991. In use at Aerospace Engineering and Test
Establishment, CFB Cold Lake, in 1992 and in 1995. Stored at CFB Trenton by September
1995. Seen in storage, outdoors at CFD Mountain View, Ontario in October 2005. Still stored
outside there in September 2007, August 2008, and November 2008. Reported as sold to
Aero Vision in USA c.2010, but still at Mountain View in June 2010 and October 2010. Left
Mountain View on 18 July 2011. Registered as N841LG in February 2012, to Logix Global
Inc. of Lewis, Delaware.
Data derived from: http://www.ody.ca/~bwalker/caf_116801_846_detailed_list.htm
.
75382 / (516) 448-3965 / [email protected]

DUE DILIGENCE LOGIX GLOBAL, INC. Mi

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