Originally Posted by
ShotsII
Quasar Aerospace Industries, Inc. Announces the Acquisition of Two additional Twin Engine Trainers for Atlantic Aviation
2009-10-15*13:23*ET - News Release
JACKSONVILLE, FL -- (MARKET WIRE) -- 10/15/09
Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) is pleased to be able to afford our shareholders the most recent additions to our flight school training aircraft.
We have purchased 1 Piper Seminole PA-44 for $87,500.00 and 1 Piper Arrow PA-28 for $84,500.00 in 2 separate transactions. Both airplanes are going to be put to immediate use at our Atlantic Aviation flight training facility at Herlong Airport where current and future students will have the opportunity to learn on these wonderful aircraft.
The Piper Seminole
Specifications (PA-44-180 Seminole)
Data from Airliners.net
General characteristics
-- Capacity: 3 passengers
-- Length: 27 ft 7.2 in (8.41 m)
-- Wingspan: 38 ft 8 in (11.77 m)
-- Height: 8 ft 6 in (2.59 m)
-- Wing area: 184 ft² (17.1 m²)
-- Empty weight: 2,360 lb (1,070 kg)
-- Max takeoff weight: 3,800 lb (1,723 kg)
-- Powerplant: 2 (opposite rotation)× Lycoming O-360-A1H6 air cooled, direct-drive, horizontally opposed 4 cylinder engines, 180 hp (135 kW) at Sea Level each
-- Propellers: 2-bladed, constant speed, fully feathering Hartzell HC-C2Y(K,R)-2 C[L]EUF with pitch controlled by oil/nitrogen pressure. propeller, 1 per engine
-- Maximum Ramp Weight: 3 816 lb (1,731 kg)
-- Fuel: 2 main nacelle tanks, each of 55 U.S. gallon capacity (110 U.S. Gal. total), 2 U.S. gallons unusable.
Performance
-- Maximum speed: 202 kt
-- Cruise speed: 155 kt
-- Range: 1,000 miles (1,630 km) ()
-- Service ceiling: 17,100 ft (5,213 m)
-- Rate of climb: 1,200 ft/min (366 m/min) ()
-- Wing loading: 21.1 lb/ft² (100.8 kg/m²) ()
-- Power/mass: 10.55 lb/hp (0.16 kW/kg)
-- Single Engine Service ceiling 3,800 ft
The Piper Arrow
General characteristics
-- Crew: one pilot
-- Capacity: three passengers
-- Length: 23.3 feet (7.16 m)
-- Wingspan: 30.0 feet (9.2 m)
-- Height: 7.3 feet (2.25 m)
-- Wing area: 160 sq ft (15.14 m²)
-- Airfoil: NACA 652-415
-- Empty weight: 1201 lb (544 kg)
-- Loaded weight: 2150 lb (975 kg)
-- Useful load: 949 lb (430 kg)
-- Max takeoff weight: 2150 lb (975 kg)
-- Powerplant: 1× Lycoming O-320-E2A Sensenich M74DM, 150 hp (113 kW)
-- Propeller diameter: 74 inches (1.9 m)
Performance
-- Maximum speed: 123 knots (142 mph, 230 km/h)
-- Cruise speed: 108 knots (124 mph (200 km/h), 201 km/h)
-- Stall speed: 47 knots (54 mph, 87 km/h)
-- Range: 465 nm (535 sm, 867 km)
-- Service ceiling: 14,300 feet (4400 m)
-- Rate of climb: 660 ft/min (3.4 m/s)
-- Wing loading: 13.4 lb/sq ft (64.4 kg/sq m)
-- Power/mass: 14.3 lb/hp (0.116 kW/kg)
Quasar is obviously making great strides towards fulfilling our business plan and the additions of these aircraft coupled with the recent purchases of our flight simulators will enable Atlantic Aviation to aggressively pursue many new students and become ready for the expansion to our facility to be completed hopefully in Spring 2010.
As we are aware that the 6 acquisitions are also at the forefront of our shareholders minds based on the amount of phone calls and emails received. We do want to advise that we are rapidly progressing on these fronts and there will be updates forthcoming as appropriate.