Hello,

The other day, I stopped by my friend Ron's hangar. There was an
old Bonanza in there with no engine. A brand new IO-470 hung from an
engine hoist nearby.

I said "Looks like one of them TWO thousand dollar annuals" .
Ron answered "More like FIFTY thousand dollars"....

As we chatted, the subject turned to Beech parts. "Better watch
out, Jerry, things are different since Beech auctioned off all their
parts on Ebay..."

He showed me a sheet metal flange to terminate an airhose at a
bulkhead "$450.00!". He showed my an intercylinder baffle - $500!

The parts situation is really starting to worry me. Ron is
considering selling his own ( imacculate, gorgeous ) Bonanza F33
because of it.

I'm thinking that Raytheon is not very interested in small piston-
powered airplanes. From a high-level corporate perspective I can
understand it; the stock market is quick to punish companies who -
even though they may be making money - have operations in low-growth
or low-margin or "not sexy" areas. Raytheon stock was as high as $75
in 1999, and after diving down to $25 in early 2000, has gradually
climbed back to $40 or so.

I see a gloomy future for us in terms of parts, unless Raytheon
comes to their senses and just sells Beech to a real aircraft company.

- Jerry Kaidor ( jerry@tr2.com )





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