In a moment of boredom (actually, more like morbid curiosity while I waited on a buyer for a lawnmower), I dug further on the guy's yoobChoob; it appears this guy is a "plane flipper". He shops/buys abandoned/barn find airplanes and gets them running just enough to resell, and does videos to keep cash-flow happening and to generate exposure, I guess.Specmaster wrote: ↑Wed Jul 05, 2023 6:34 pmYeah, I think you may have a good point there, there probably is a certain cache to having the only airworthy plane with that provenance, especially if he can get it back its original condition. I can see many fans would be willing to pay handsomely for a flight in the Kings plane.mnementh wrote: ↑Wed Jul 05, 2023 1:59 pm Well, if you look into the crap he's shilling on his yoobChoob, it looks pretty likely he's a "alternative investment marketeer". The name of the game there is "go big or stay home" and above all else, spend OPM if you can.
I can sortof see it; even if he spends 2-3 mil getting it all back together, there has to be some revenue-generating potential in owning Elvis' last private jet, and the only one not a static exhibit at Graceland.
mnem
Rich Rebuilds, eat yer heart out.
The Elvis JetStar remained abandoned in the desert for the last 34 years for a reason; the engine configuration (four J-12 engines) the airframe was originally designed/certified for could not be made to meet FAA Airworthiness Directive § 91.801 (circa 1989); it was just too fucking loud for any civilian aircraft flying in/out of a civilian airport.
This plane has probably been a well-known zombie aircraft (in the circles it might have been sold through after the King's death) for that reason for a long time before this guy bought it. Even if it could be made to meet that AD, restoration estimates start at just shy of $6M (approx half of that to replace engines/avionics scavenged while it sat abandoned, plus another mil to rewire the aircraft), going up logarithmic-scale if critical airframe corrosion was found.
So now, he's had to chop up the aircraft into pieces to bring it home... and he's going to convert it into a luxury "motorhome" for rent on tour.
Yes, you heard that right... you too could spend a night sleeping in this monstrosity. Kalloo, Kallay, oh Frabjous day...
...and he's funding it exactly as you might think: in true "alternative investment marketeer spending OPM" style.
mnem
there's an hour of my life I'll never get back...