With its low wing loading a J-3
is big-time susceptible to wind gusts and shear.
Around 93 passengers and 15 crew members were aboard MV Milagrosa J-3
when the incident happened.
(For more information on the long-term rating, see the press release dated July 24, 2015, available on Fitch's website at www.fitchratings.com.) The amended and restated SBPAs provide for the payment of the principal component of purchase price plus an amount equal to 35 days of interest calculated at a maximum rate of 12%, based on a year of 365 days for tendered J-3
bonds during the daily and two-day modes and for tendered G-4 bonds during the daily and weekly rate modes in the event that the proceeds of a remarketing of the relevant series of bonds are insufficient to pay the purchase price following an optional or mandatory tender.
to Narasaki Stax Accounts Receivable ABL11-02
The following narrative from a J group student (J-3
) illustrates a mixture of the informal and formal styles.
I was flying my fully restored and meticulously maintained 1937 J-3
Cub at Danbury Airport in Connecticut.
Risk with principal repayment has been reduced to a level consistent with J-3
rating through credit enhancement and mechanism of structure.
LEGEND SPORT CUB NEW PRICE $1325 $113,895 (BASE) $139,950 (BASE) TYPICAL USED $28,000 TO $68,000 TO $99,500 TO $127,500 PRICE $35,000 $118,000 USEFUL LOAD 470 LBS 480 LBS 488 LBS FUEL CAPACITY 12 GAL 20 GAL 24 GAL CRUISE SPEED 65 MPH 90 TO 115 MPH 90 TO 115 MPH RATE OF CLIMB 300 FPM 700-900 FPM FPM 700 TO 800 FPM Further, because no medical is required to fly light sport, many certificated pilots who can't hold a medical are staying in the game and others who wouldn't have otherwise considered owning an airplane are kicking tires.
didn't appear until 1937, after William Piper had bought out Taylor, and it was an offshoot of the Taylor design.
For the June 2007 issue of Aviation Consumer, our Used Aircraft Guide will be on the venerable Piper J-3