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Post by hardyakka on Sept 21, 2021 22:26:28 GMT 12
Just read the link text in Errol's post and thought "Oooo! A Ferrari plane! I didn't know that Ferrari ever built one..."
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Post by Dave Homewood on Sept 22, 2021 1:05:31 GMT 12
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Post by aeromuzz on Sept 22, 2021 14:10:05 GMT 12
He's got an N-reg Stampe hasn't he? And an N-reg Cessna 172 on amphibious floats....?
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Post by planecrazy on Sept 22, 2021 14:18:26 GMT 12
Just read the link text in Errol's post and thought "Oooo! A Ferrari plane! I didn't know that Ferrari ever built one..." Mini hi-jack, bumped into this Porsche powered Cessna a few years back, some Mooneys have a a version of a Porsche engine don't they?
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Post by Deleted on Sept 22, 2021 15:39:02 GMT 12
He's got an N-reg Stampe hasn't he? And an N-reg Cessna 172 on amphibious floats....? Cessna 185 N60X. Was at Feilding for a while but I believe no longer?
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Post by pjw4118 on Sept 22, 2021 16:03:54 GMT 12
If the P 40 referred to is NZ3009 it will be a sad day as Don Noble and I plus others from the Auckland AHSNZ spent weekends driving down to Rukuhia pulling it apart. In the last gasp effort my father allowed his works van and truck to be loaded up with farings , cockpit parts, windshields, flaps etc etc. and return to our back yard in Mt Albert just before the bulldozers moved in. Some months later MoTaT people arrived one day and took it all over to Western Springs . It certainly has some history (then and later) and seeing it fly was a good outcome and really satisfying . To be now sold at a cut price and go overseas is just wrong.
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Post by Dave Homewood on Sept 22, 2021 16:21:29 GMT 12
Who said NZ3009 is going overseas? I don't think it is the P-40 that is being referred to in the article as possibly being sold in Britain, is it?
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Post by ErrolC on Sept 22, 2021 17:09:02 GMT 12
Given that the ownership of the P-40 is the subject of litigation, it almost certainly isn't the aircraft being referred to as needing bankruptcy protection.
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Post by Brett on Sept 22, 2021 18:29:38 GMT 12
The Official Assignee, who is in charge of Gene De Marco's financial affairs, has accepted that Oliver Wulff is the owner of the P-40. However Gene's 'estate' still holds a financial interest in it. That is; Wulff is not the sole owner, and if the plane were to be sold then once Wulff's interest was paid out the remainder would be applied to Gene's various debts.
I would expect Wulff to transfer it to the UK register, where he has his other aircraft, if he were able to. This makes more legal options available to him, while reducing the legal options available to others.
As far as physically moving the aircraft, that would depend on any heritage status. Does this P-40 actually have it? I know there has been a lot of talk about it, but several other ex-RNZAF P-40s have been exported from NZ in recent times.
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Post by Deleted on Sept 23, 2021 15:37:40 GMT 12
They included (…) a plane in New Zealand that might be in the process of being transferred to a company in the United Kingdom, the court was told. DeMarco’s Stampe is showing as cancelled from the US register as Exported to the UK.
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Post by aeromuzz on Nov 19, 2021 12:29:50 GMT 12
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Post by madmax on Nov 19, 2021 16:36:57 GMT 12
Given De Marco's track record back in the US it's difficult to understand why anyone here would have employed or conducted business with this person
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Post by johnnyfalcon on Nov 19, 2021 18:09:54 GMT 12
Ass...
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Post by Dave Homewood on Nov 19, 2021 18:17:39 GMT 12
So if he appeals there will be another lengthy case with more money wasted.
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Post by johnnyfalcon on Nov 19, 2021 18:56:38 GMT 12
Arrogant prick...
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Post by Deleted on Nov 21, 2021 17:59:00 GMT 12
So let me get this right (pending any appeals): - the P-40 is now the property of Oliver Wulff - Demarco has to pay about $2.6m to various parties including Sir Peter Jackson/TVAL - $720,000 has to be paid to TVAL being an equitable charge over a loan for Demarco to acquire the FG-1D - the amount to be paid to Sir Peter/TVAL depends on the value of the Corsair (previously Sir Peter’s lawyers suggested ownership of the Corsair in lieu of any monies owed)…so where does that leave NZ5648? For those interested the full decision of Justice Grice is available here: www.courtsofnz.govt.nz/assets/cases/2021/2021-NZHC-3096.pdfAlso, can someone kindly educate me - or point me in the direction of - the legislation that may prohibit these aircraft from being exported?
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Post by chrism on Nov 21, 2021 20:06:32 GMT 12
So let me get this right (pending any appeals): - the P-40 is now the property of Oliver Wulff - Demarco has to pay about $2.6m to various parties including Sir Peter Jackson/TVAL - $720,000 has to be paid to TVAL being an equitable charge over a loan for Demarco to acquire the FG-1D - the amount to be paid to Sir Peter/TVAL depends on the value of the Corsair (previously Sir Peter’s lawyers suggested ownership of the Corsair in lieu of any monies owed)…so where does that leave NZ5648? For those interested the full decision of Justice Grice is available here: www.courtsofnz.govt.nz/assets/cases/2021/2021-NZHC-3096.pdfAlso, can someone kindly educate me - or point me in the direction of - the legislation that may prohibit these aircraft from being exported? On NZ customs page. Have a look at this link and scroll down to "Protected New Zealand Objects". I contacted them years ago about a historic racecar being exported and they were very helpful and proactive. I wonder if we should email them to enlighten them about these aircraft if they don't already know. www.customs.govt.nz/business/export/export-prohibitions-and-restrictions/
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Post by Deleted on Nov 24, 2021 15:23:28 GMT 12
Thanks Chris, I really appreciate it.
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Post by Deleted on Nov 26, 2021 9:25:57 GMT 12
I wonder if we should email them to enlighten them about these aircraft if they don't already know. I did.
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Post by shorty on Nov 26, 2021 9:31:35 GMT 12
Good one Zac! Karma to you.
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