Considering purchasing an aircraft but you’ve
never considered an auction? This week at AirVenture, the first EAA
Spirit of Aviation Aircraft Auction is scheduled for Saturday, July
31, at EAA’s Jack Mark Hangar, just north of the North 40 at Wittman
Photo by Jim Labre
Conducting the auction are real-estate
auction company REDC and Auction.com, working in conjunction with EAA.
Proceeds will benefit EAA’s youth and educational programs.
EAA and a team of industry experts will
be on-site to make bidding on and buying an aircraft fun, safe, and
AirVenture is the only place you can walk
through an entire inventory of varied aircraft for sale at exceptional
value and know your interests are being protected and represented by a
team of professionals.
Quality of aircraft: Each aircraft is
carefully pre-screened; a significant due-diligence effort on each
aircraft ensures certain standards have been met before bidding begins.
Prior to the auction, Airfleet Capital
and REDC evaluate each aircraft’s value, review the recent annual to
confirm airworthiness, and search FAA and National Transportation Safety
Board records to identify any damage history or service difficulties
The result: Potential buyers are fully
informed of the condition of the aircraft on which they intend to bid.
All of this information, as well as the
aircraft and logbooks, are available on-site to registered bidders.
Taking care of the details: Things that
often go overlooked—in both auction and non-auction sales alike—may
create problems for buyers. EAA’s Spirit of Aviation Auction takes
care of the details to ensure a clean transfer of title. Title searches
and any liens that may exist (or other clouded title issues) are
identified right away and rectified to ensure a clear title.
FAA paperwork is also handled, including
registration and filing all appropriate title transfer documents at
Industry experts will be handling your
purchase every step of the way—from bidder registration until you fly
away in a new aircraft.
Throughout the week, you can find EAA’s industry experts,
representatives from the auction, insurance specialists, finance
experts, title and escrow professionals, and tax attorneys together in
the Auction Headquarters tent.
They’re prepared to explain the bidding
process, provide you with detailed information on each aircraft, explain
what happens when you successfully bid, and answer all your questions.
Each company has been carefully
hand-picked by EAA and is an expert in its field, working together to
make your bidding experience as smooth as possible.
For more information or to obtain a flyer
listing auction aircraft, visit the Auction Headquarters at Karl’s
Showcase Gallery, located at the site of the old Oshkosh ATC tower near
On auction day, Saturday, a tram will run
from 8 a.m. to 6 p.m. between auction headquarters and the Jack Mark
Hangar. You can also take the N40 bus to the Perimeter Road bus to get