Franklin Engines

[mike roe]

Here is the buisness plan for Franklin Engines USA. All this depends on some investors with deep pockets. It would be great to see them back in the USA putting people to work making a great product. A 170 with a 180 or 220 has to be fantatstic. Someone put in a lot of time and thought putting the plan together.

FranklinNC+Business+Plan-RevC..doc

[GAHorn]

Sorry to be the perennial skeptic...but that's not a "business plan." It's more of the same from the same folks.....a "wish-for-money dream-plan".
And not a very realistic one at that. It indicates a serious misunderstanding of what is required to put those engines into production. (Look at what they perceive as their legal requirement for a PMA, and one can see they have a very childish view of the process. It takes a lot more than a few drawings. They completely overlook the need for facilities and testing of materials.... in fact, they haven't identified a supplier of materials, tooling, production facility, or financial requirements of product proving. Any resumption of mfr of those engines would contraindicate their plan for "hand tools" as described in their "plan". It would most likely require contracted-production by sub-contractors who already mfr such items... those companies who already cast/forge cases, crankshafts, cams, pistons, etc etc . The amount of money they are begging for will be quickly gone if they pursue their plan to do all that in-house.
Even their plan to acquire the T.C., in case the Poles refuse to sell them their Type Certificate...is to ask Commerce to declare the T.C. abandoned... action not within the jurisdiction of that agency. Their alternate plan is to create/obtain their OWN TC. (If that were possible, then why don't they skip all troubles and simply develop a copy-cat design and go into production? Answer: Because that entails even MORE money... which raises the question: If that is so... how can their present plan be viable if it already includes an option which is unaffordable?)
Sorry again... but I don't see these guys getting the job done any more than they ever have. This is just another effort to appear seriously in need of serious money by someone inexperienced in handling such. IMO

[mike roe]

I can see the need for money. But I also think they might not be telling the whole story. If its out they have investors than others will feel why bother. I am always the optomistic one when it comes to aviation or a buisness starting in this country. I hope it works. You have to admit a 170 with a smooth running 180 or 220 Franklin would be quite the plane.

[GAHorn]

It is not out they have investors.....they have NO investors.....and that is their problem.
This is not a business plan. This is a fishing expedition for money.....same thing they ve always done
....make representations they are Franklin people who are ready any day now to produce parts, or engines....when in reality they haven't a pot to put it in.

[mike roe]

It doesnt happen overnite. This got started approx 1 year ago. They have North Carolina buisness grants and backing and looking into what the Federal will offer. All we can do is hope and keep positive. Try it George you might like it.

[Bruce Fenstermacher]

I like to think positively but also realistically.

Would I like to see someone build Franklin engines and make parts available. Sure and I wish them well, it's just not realistic to believe it will happen.

[GAHorn]

It doesnt happen overnite. This got started approx 1 year ago. They have North Carolina buisness grants and backing and looking into what the Federal will offer. All we can do is hope and keep positive. Try it George you might like it.

Which I believe is their REAL motivation.....they have figured out that by pretending to be preparing
for production....they can get grant money...DOH...

[mike roe]

Sounds like the American way. Like I said they only have a year invested. And between dealing with the Feds here and dealing with the people in Poland its alot to take on and get to the point they are now. Only time will tell and I hope it gets done. Even at first if they start making some needed parts and go from their. But until it falls thru I think its best to keep a positive attitude and try not to shoot holes in everything. But thats how I have always been about anything.

[mike roe]

I only post this to keep the 170 owners who fly behind a Franklin informed and have hope. I dont post it to argue if it feasable or not. Just trying to help someone.


THIS IS TO ADDRESS SOME OF THE CONCERNS OF MANY OF THE STINSON OWNERS IN THE GROUP.

WE HAVE SPENT A LOT OF TIME ON LOCATING THE LOCATION FOR OUR FACILITIES., , PEOPLE INVOLVED, POLITICS,FAA REGS, TRYING TO COMMUNICATE WITH THE POLES, SOURCES OF OUR PMA PARTS, EXISTING INVENTORIES. THESE ARE ALL THE PIECES OF THE PUZZLE THE BUSINESS PLAN WAS STARTED EARLY ON AND WE ARE HAVING TO MAKE CHANGES AS WE GO ALONG. WE REALIZE 5 MIL TO START IS TOO LIGHT. WE ARE UP TO 8 MIL.PART OF THIS WILL BE GRANTS, BONDS AND LOANS, SOME OF WHICH WILL BE PERFORMANCE ORIENTATED

WITH A PROFIT AND LOSS STATEMENT AND OUR PROFORMA ( CURRENTLY BEING REFINED BY THE SBA AT UNCC, CHARLOTTE), WE WILL BE ABLE TO CONTACT OUR LIST OF MAJOR INVESTORS. IF WE HAVE OUTSIDE HELP FROM FRANKLIN USERS, THAT WILL MAKE OUR EFFORTS WITH OUR INVESTORS EASIER.

WE ARE READY TO FORM AN LLC, WHICH WILL BE EVOLVED INTO A CORPORATION AS WE APPROACH OUR INVESTORS.

OUR EFFORTS WITH THE FAA (BURLINGTON MA.) AND THE US DEPT OF COMMERCE HAS DIRECTED US TO USE A INTERNATIONAL LAWYER FOR DISCUSSION WITH THE POLES (ROMAN SADOWSKY) REGARDING PURCHASING THE TC'S OR DEVELOPING A LEASE (DOLLARS PER EACH ENGINE). CURRENTLY LOOKING FOR THAT LAWYER NOW.

SINCE WE WILL HAVE 750 DRAWINGS OF ALL THE PARTS FOR FRANKLIN ENGINES INCLUDING THE MILITARY AND HELICOPTER ENGINES, WE INTEND TO DOMINATE THE SPARE PARTS BUSINESS AND SINCE THE POLES HAVE PRODUCED NOTHING SINCE 2002 (9 YEARS),WE WOULD WORK WITH THEM AS A DISTRIBUTOR AS WELL AS THEM REALIZING A FINANCIAL GAIN WITH OUR LEASE, BEATS ANY THING THEY HAVE DONE IN THE PAST 9 YEARS. WE WILL USE HONEY INSTEAD OF CONFRONTATION..

WE HAVE A VERBAL AGREEMENT TO PURCHASE FRANKLIN ENGINE, FT. COLLINS, INCLUDING INVENTORY AND STC'S, ALSO SEVERAL INVENTORIES OF PMA PARTS IN SEVERAL LOCATIONS THAT WILL EFFECTIFELY ALLOW SUSAN TO OFFER THESE PARTS TO FRANKLIN USERS AT FAIR PRICES.

OUR R & D DEPARTMENT OF THE NEW COMPANY WILL EMBARK ON DEVELOPMENT OF A 300HP -350 HP ENGINE FOR THE LIGHT TWIN MARKET WITH OUR OWN TC. THIS WILL BE SUITABLE FOR SKYLANE, BONANZA AND OTHER HIGHER PERFORMANCE AIRCRAFT.. THIS WILL TAKE TIME AND MONEY TO DEVELOP A NUMBER OF NEW STC'S BUT WE HAVE TO DO IT.

CONCERN RE: ACCESS TO CESSNA (TELEDYNE - LYCOMING - BELL HELICOPTER) CONSIDER ALL THE OLDER CESSNA 172'S THAT COULD DRASTICALLY OUT PERFORM A NEW CESSNA 172 WITH OUR 220 ENGINE.. WE WILL OWN THE STC'S, SO YOU CAN BET WE WILL DO EVERY THING TO SECURE THE DATA PLATE FOR THAT ENGINE. WE HAVE NOT EVEN SCRATCHED PIPER'S SURFACE YET.

INSURANCE HAS A QUESTION MARK---ONE OF MY ASSOCIATES OWNED ONE OF THE LARGEST CASUALTY INSURANCE COMPANIES IN THE TWO CAROLINA'S AND WE ARE RESEARCHING THIS AT THIS TIME.

TWO VERY FRANKLIN EDUCATED A & P'S ARE BEING CONSULTED AND HAVE INDICATED INTEREST IN BEING A PART OF OUR ORGANIZATION

FOR THOSE WHO ARE ABLE AND WANT TO HELP US FINANCIALLY, WE WILL WORK OUT A PROGRAM TO REWARD THEM EITHER INTEREST ON THEIR MONEY,
STOCK IN THE NEW COMPANY OR RECEIVING PARTS FOR THEIR ENGINES.. WE DEFINATELY WANT TO REWARD THOSE THAT HELP US.

ANY ONE WITH FURTHER QUESTIONS, I WILL BE HAPPY TO ANSWER YOUR EMAILS, OR FEEL FREE TO CALL ME 704 451 9807

MY REGARDS TO ALL OF YOU IN THIS DISCUSSION

GEORGE GILLESPIE




Mon Jul 4, 2011 2:58 pm


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one. This is the latest from one of the people heading it up.