AIRCRAFT APPRAISAL REPORT

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1 AIRCRAFT APPRAISAL REPORT CESSNA SKYLANE 182 N94671 SN C182Q Appraisal data prepared in accordance with National Aircraft Appraiser Association National Aircraft Dealer Association (NADA) Industry FMV Market Comparison Feb 2016

2 Introduction This report is prepared in accordance with the Aircraft Bluebook ( a global aircraft value authority, since 1952 and National Aircraft Appraiser guidelines. Aircraft are Fair Market Valued (FMV) by industry comparison of available serial numbers (SNs) of the same type and year. AD (Airworthiness Directives), flight hours and maintenance performed on the subject aircraft are verified by aircraft mechanics familiar with the SN and certified with FAA Inspection Authorization. Survey Aircraft The Cessna 182 Skylane is an American four-seat, light airplane built by Cessna Aircraft of Wichita, Kansas. It has the option of adding two (2) child seats, installed in the baggage area. Introduced in 1956, the 182 has been produced in a number of variants, including a version with retractable landing gear and is the second most popular Cessna model, after the 172. The Cessna 182 is an all-metal (mostly aluminum alloy) aircraft, although some parts such as engine cowling nose bowl and wingtips are made of fiberglass or thermoplastic material. Its wing has the same planform as the smaller Cessna 172 and the larger 205/206 series; however, some wing details such as flap and aileron design are the same as the 172 and are not like the 205/206 components. The 182Q Skylane is powered by a 230-hp (172 kw) Continental O-470-U piston engine, gross weight 2,950-lb (1,338-kg) and the Q-model was FAA certified on 28 July Cessna s website lists 22,336 Skylanes delivered up to 2007, plus 901 Turbo Skylanes delivered up to [6] General Characteristics Crew: One (1). Capacity: Three (3) passengers, with two (2) optional child seats. Length: 29-ft 0 in (8.84 m). Wingspan: 36-ft 0 in (11.0 m). Height: 9-ft 4-in (2.8 m). Wing area: 174-sq ft (16.2 m²). Empty weight: 1,970-lb (894-kg). Useful load: 1,140-lb (517-kg). Max Takeoff weight: 3,100-lb (1,406-kg). Power Plant: Continental O-470U with 2-bladed constant speed propeller, 230-hp (172 kw). Performance Maximum Speed: 150 knots (173 mph, 278 km/h). Cruise Speed: 145 knots (167 mph, 269 km/h). Range: 930-nm (1,070 mi, 1,722 km). Service Ceiling: 18,100-ft (5,517 m). Rate of Climb: 924-ft/min (4.7 m/s). 2 P a g e R e v. A

3 AIRCRAFT APPRAISAL REPORT Name: C182Q Skylane Appraisal Attention: Karl Seuring Company: AirSpeed Jet Services, LLC. Phone: 425/ Address: 5400 Carillon Point, Kirkland, WA Make: Cessna Aircraft Corporation Model: C182Q Skylane Serial Number (SN): FAA Reg. #: N94671 Yr. Mfg: 1978 Type of Aircraft: Single engine piston. Four (4) cabin seats, with Child seat option. Airframe Total Time: 3049-hrs No. Ldgs: N/A. Cycles: N/A. Airframe Condition: High-average. History: Single previous owner, KPAE-based. Log Books Appear: All Original. Comments: This aircraft appears to be well-restored and then maintained. N94671 has recently undergone refurbishment to include new interior, carpet, paint and avionics. No corrosion was noted during the inspections of the aircraft. Cabin and baggage doors appear to fit properly. The controls were unlocked and appear to move freely and properly. There is no sign of fuel or oil leakage. Airframe and engine logs have been reviewed and are current with Annual Sign off April There is a complete Airworthiness Directive (AD) listing included in the airframe and engine logs. The N94671 Hobbs meter is currently recorded at hrs. MAINTENANCE STATUS Annual Due Date: April On Progressive Inspections: No. Issues: None. Life Limited Systems: No. Cycle Life limited Systems: No. Issues: ELT battery due 12/2016, Service letters are referred to as being complied with. ADs Complied with: Yes. Estimated Cost for AD compliance: N/A 3 P a g e R e v. A

4 EXTERIOR CONDITION Exterior Condition: Very Good - 8/10. Note: Cowling & wheel pants, stripped & repainted. Paint Condition: Very Good - 8/10. Type Brakes: Disk Anti-Skid: N/A. Base Condition: Very Good - 8/10. Repainted by: N/A. Notes: Paint is new to engine cowls and wheel pants. There are no logbook entries for previous paint repairs. Other paint appears original. INTERIOR CONDITION Glass Condition: Very Good - 9/10. Cabin Configuration: Passenger - 10/10. Panel Condition: Very Good - 9/10. Panel Layout: Good. Modern cabin design. Notes: Interior condition is new with complimentary grey-colors. N94671 interior is completely refurbished with new carpets, seats and reconditioned trim panels. Sheep skin pilot seats are installed. Modification date: April AIRFRAME MODIFICATIONS Interior: New leather, sheep skins, seat belts & carpets. New Skandia (Davis, IL) soundproofing. Modification date: August Aircraft Avionics: Installed dual-gps and EFIS moving map with WAAS antennas for IFR flight. Modification date: Feb Paint: Cowl & wheel pants, strip & repainted. JetGlow Polyurethane Enamel, 3-color factory codes. DAMAGE HISTORY Damage: None known or listed. Note: Airframe paint is original, except cowls & pants. Research: NTSB & Aircraft logs. 4 P a g e R e v. A

5 ENGINE & PROPELLER Engine Manufacturer: Continental. Model: O-470U Engine SN: Since Overhaul: 42-hrs, STOH. Completed 4/16/13. Type: Piston, 6-cyl. Fire Detection: No Detail: Normally Aspirated, air-cooled, Horizontal 6-Cyl, 230 hp. Fire Bottles: N/A. Overhauled: 950-hrs SMOH; Logs indicate new oil cooler & no major repairs prior to top OH. Propeller Manufacturer: McCauley. Model: C2A34C204-C SN: Type: Oil dome filled Piston Reverser: No. Type: Constant Speed Detail: Anti reflective (black) coating, white stripes. Blades: Two (2) each into hub. Propeller TBO: 2,000 hrs. (100% life remaining) ENGINE MODIFICATIONS Modification date: Feb Propeller Overhaul: Removal of propeller for overhaul & reinstalled. Modification date: Feb Oil Cooler: Unit replaced with new, due to leak. Modification date: Feb Oil Filtration: Spin-remote oil filter installed. Overhauled Engine Starter. INSTRUMENTATION Full IFR: Yes. Configurations: Standard Cessna Dual Panel: Single pilot - IFR. Panel Condition: Upgraded. GPS Equipped: Yes, Dual IFR / VFR. Description: Dual pilot with dual yoke operator configuration with center-mounted dual GPS receivers, Satellite-downlink weather receiver with #2 as VFR, with battery backup for emergency operations. 5 P a g e R e v. A

6 AVIONICS Primary: Dual NAV / COM with link to pilot-centered, moving-map Electronic HSI. COM 1: Collins VHF 251, 720-channel, LED digital indication. COM 2: Collins VHF 251, 720-channel, LED digital indication. DME: King KN-62 (200-NM long range unit). NAV / GPS 1: King KLN-90B (IFR) or Collins VIR-351, EHSI switchable. NAV / GPS 2: Garmin 495 (VFR), & Collins VIR-351. Audio Panel: PS Engineering 8000BT (BlueTooth) Stereo, with four (4) seat intercom. Transponder: KT-79, with mode C - Altitude Reporting. Multi-function HSI: Sandel 3308 EFIS, selectable from KLN-90B, VIR-351 & Collins 451. ADF: Collins 451. Autopilot: N/A. Avionics Master: Yes, Pilot lower pedestal. Avionics on the aircraft are considered to be: Hi-average, plus. APPRAISER COMMENTS This SN is nicely equipped for IFR flight with dual GPS, for both instrument and VFR flight. GPS flight using Garmin 496 is internal battery back-up in the event of complete electrical failure and includes downlink weather & XM radio. KLN90B, VHF NAV 2 / NAV 2 and ADF are integrated into the moving map of the Sandel, model SN 3308 HIS for instrument flight. Switching of the avionics suite includes avionics master to include new JPI engine multi-parameter computer with fuel-flow and data recording. Switching for NAV 1 / NAV 2 with DME 62. AirSpeed Engineering Panel design includes COM 1 / COM 2 in center-stack and side-by-side installation with NAV 1 / NAV 2 mounted on copilot side with KT-79 thin-pack transponder. COM selection is controlled by the PS 8000 Engineering audio panel, with Blue Tooth. 6 P a g e R e v. A

7 ADDITIONAL EQUIPMENT Dual Controls: Yes Lightning System: Static wicks, trailing edges Rotating Beacon: Tail Mounted, Strobe. Panel lights: Post lamps Baggage Fuel: N/A Long Range Fuel: Yes. Type: Yoke Stick Shaker: N/A. Strobe Lights: Wingtips. ID Lights: None. Aux Fuel Quantity: 66-total. Lavatory: N/A. Cabinetry: N/A Locations: N/A. Other Equipment: Avionics Master & JPI Engine monitoring system. Added Equipment NOTES: Dual GPS equipped with battery-backup for Garmin 495. DEICING EQUIPMENT Deice System: Partial. Prop Deice: N/A, paint color only. Deice Boots: N/A. Windshield Deice: N/A. Fluid Deice: N/A. Capability: Trace or light. Deice Type: Electrically heated pitot. Boot Condition: N/A. Windshield Wipers: N/A. Pitot Heat: Yes. Deicing NOTES This aircraft is not approved for flight into known icing conditions. APPRAISER COMMENTS This aircraft is stored indoors in a mild climate. This SN is flown regularly and was recently purchased by AirSpeed Jet Services, LLC from the original owner based at Paine Field (KPAE) in Everett, WA. Recent refurbishment includes prop, interior, paint. Hangar-kept with regular oil changes, make this aircraft an exceptional candidate for private use, flight instruction or resale. 7 P a g e R e v. A

8 CESSNA 182Q APPRAISAL CALCULATIONS April 2015 Retail Wholesale Market Base Price, : BASE $68,000 $54,000 $68,000 NADA Blue-book Values. No Liens noted, AIC Title Report - April Registry, N94671 N/C N/C N/C Deduct for Foreign Airframe Registration. No Liens noted, AIC Report - April Engines, 142-STOH ADD $16,550 $13,240 $16,550 NADA Blue-book Value. 2,000 TBO, 50-hr Oil changes, Remote Filtration. Props, 5-SMOH ADD $6,500 $5,200 $6,500 NADA Blue-book Value. 2,000 TBO, 5-yr. Calendar OH, No Deice, Painted Spinner. HSI Compass System ADD $8,540 $6,832 $8,540 NADA Blue-book Value. ADD Sandel 3308 HSI coupled KG-102A with KLN90B, VHF NAVs & ADF. GPS - IFR System ADD $4,000 $6,400 $4,000 NADA Blue-book Value. King KLN-90B, IFR (#1) & IFR-GS indication VHF Nav. GPS - VFR System ADD $1,800 $1,440 $1,800 NADA Blue-book Value. Garmin 496 with Weather downlink / XM radio inputs to PS8000 Audio. Paint Condition ADD $2,000 $1,600 $2,000 Market Value at 30% of new. Strip & paint of Cowls & Pants. Good scheme, normal hi-gloss, minimal abrasion. Interior Condition ADD $8,000 $6,400 $8,000 Market Value at 80% of new. Removal, reskin and recondition panels. New leather, sheep skin and carpets. Comparable Valuations FMV $115,340 $95,112 $115,340 Factory New $47,600. NADA Book Value, AS IS $105,340.* NADA Book value - excludes airframe paint & interior upgrades. 8 P a g e R e v. A

9 PHOTO SET N94671 Exterior View Original Factory Paint Scheme Instrument Panel Updated GPS Avionics 9 P a g e R e v. A

10 Cabin Interior New Sheepskin pilot seats CABIN NOTES Four (4) leather seats, with sheep-skin (cockpit) inserts, New seat belts & carpeting. 10 P a g e R e v. A

11 Wheel Fairings NOTES New paint work match completed to engine cowlings & wheel fairings. 11 P a g e R e v. A

12 Ref Parameter AirSpeed Jet Svc N94671 Compare 1 N95504 Compare 2 N941WM Compare 3 N759RT A Market Value $105,340* $127,500 $92,900 $105,000 B Seller AirSpeed Jet Svc North Dallas Av Tsunami Aircraft Richard Losher C Location Everett, WA Addison, TX Westerly, RI Ft. Wayne, IN D Contact Info (425) (972) (401) (260) E Model Yr (66485) 1978 (66561) 1978 (66420) 1978 (66205) F Airframe Time 3,049-hrs. 1,295-hrs. 3,940-hrs. 2,318-hrs. G Deice Equip Pitot Only Same Same Same H Engine Model O-470-U Same Same Same I Fuel, 100LL Avgas 78-gals Same Same Same J Inspection Status Fresh Annual Fresh Annual Sep 2015 Fresh Annual K Engine SMOH 42-hrs. STOH 120-hrs hrs. 374-hrs. L Owners 2 Since New 2 Since New Unknown Unknown M Prop Model C2A34C204C Same Same Same N Prop SMOH 0-hrs. 120-hrs hrs 374-hrs. O Paint Cowls & Pants Touch-up Original Needs Paint P Interior 4-PAX, All New New Carpet Recent Seats Original Q Wet Bar N/A N/A N/A N/A R GPS KLN90B & G496 G430W & G496 G430W & G496 KLN94 S Autopilot No C300A STEC 30 C300A T Radar N/A N/A N/A N/A U Storm Scope No WX10A No No V FF Monitor JPI Shadin No No W Fuel Flow Comp JPI w/ff EDM 760 No No X Intercom PS 8000 BT Garmin 340 Garmin 340 Garmin 340 Y Altitude Alert No NO NO No Z Capt Inst Yes Yes Yes Yes AA Transponder KT-79 KT-76A GTX-330 GTX-327 AB ADF Collins 650A KR-87 No No AC DME KN-62 KNS-80 Built in KN-64 No AD Other 1 Sandel 3308 HSI DG Only DG Only DG Only AE Other 2 Rosen Visors N/A Rosen Visors N/A FMV NOTATIONS 26 value-points were reviewed of the same model year, interior packages and fuel capacity. Airframe, engine and propeller times were compared for overhauls completed and time remaining. Avionics upgrades were evaluated. General paint and interior condition vary. N94671 (66485) Fresh FAA Annual Inspection with aircraft weighing completed and new W/B. Each of the parameters is evaluated for calendar time, equipment type and flight hours in-service. 12 P a g e R e v. A

13 Table Definitions Ref Parameter Description A Market Value Current 2015 Listed price or market adjusted valuation B Seller Business or individual C Location Location of Aircraft D Contact Info Telephone number E Model Yr manufacturing year, for comparables F Airframe Time Flight Hours in service G Deice Equip Condition of Pneumatic Deice Boots, if any. H Engine Model Continental manufacturer model No. I Fuel, 100LL Avgas Fuel quantity in Gallons J Inspection Status Annual or Progressive, Completed or Progress status K Engine SMOH Hours Since Major engine Overhaul, Left Engine (#1) L Owners Indicate number of owners, if available. M Prop Model McCaulley, 2-blade. N Prop SMOH Hours Since Major Overhaul O Paint Paint condition, completion or touch-up P Interior Corporate or Freighter Floor, number of seats Q Wet Bar Installed or Removed. R Garmin, King GPS Primary navigation radio set. If WAAS enabled (W) S Autopilot Model of Autopilot T Radar If Installed for weather or downlink satellite through display U Storm Scope If installed V FF Monitor Digital FF monitor for tracking quantity of fuel burned W Fuel Flow Comp Digital computer to monitor engine health X Intercom Installed in audio panel or remote installed Y Altitude Alert Electronic alerter for pilots Z Capt Instruments Electronic Horizontal Situation Indicator (HSI) AA Transponder Type C or other AB ADF Automatic Direction Finding (ADF) equipment AC DME Typically integral to the NAV unit or remote installed AD Other 1 Added Equipment or function AE Other 2 Added Equipment or function NADA Market Book Evaluation 1978 SN variation to & BASE Avg. Retail $68,000. Factory New $47,600. NADA Book Value, AS IS $105,340*. ADD $16.65/hr. low engine times. $16.55-hrs X 1,000 = $16,550 ADD. ADD $4.33/hr. low prop times. $4.33 X 1,500 = $6,500 ADD. ADD Sandel 3308 Comp system: $8,540, IFR GPS $4,000, VFR GPS $1,800 / Sat WX = $14, P a g e R e v. A

14 AIRCRAFT APPRAISAL This aircraft was personally reviewed and inspected at Snohomish County Airport, Paine Field (KPAE) in Everett, Washington. The above information has been collected from current market FOR SALE aircraft. The fair market value (FMV) is determined from NADA Blue Book calculations with industry improvements made to power plants, airframe, interior and avionics. The inspecting mechanics make no claim to changes in market value, or certification made on SN by other mechanics or agencies. N94671, SN MAINTENANCE WORK & AIRCRAFT CONDITION REVIEW. Monte J. Schleiff, A&P Licensed A&P Mechanic. 702 W. Casino Road, Everett, WA Mobile: 425/ January 24, 2016 N94671, SN AIRWORTHINESS DIRECTIVE, ANNUAL COMPLIANCE & LOG BOOK REVIEW. Myron K. Davis, A&P IA Licensed A&P Mechanic with FAA Inspection Authorization TH Ave NE, Lake Stevens, WA Mobile: 425/ January 24, P a g e R e v. A

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