1970 Piper Cherokee 140

otal Time Airframe (TTAF): 5253.63 hours Engine: Lycoming O-320 series (150 hp) Time Since Major Overhaul (SMOH): 70.85 hours (very low time - fresh engine!) Maintenance Highlights: Next Annual Inspection due: November 2026 (current and plenty of time remaining) Complied with all recurring ADs Cleaned fuel system Replaced the air filter element Cleaned spark plugs Checked timing Cylinder compressions: #1 76/80, #2 76/80, #3 76/80, #4 76/80 - perfectly even and strong! This Cherokee 140 is in excellent, airworthy condition with remarkably low SMOH, uniform high compressions, and thorough recent maintenance. No known damage history. Turn-key and ready to fly - a great economical classic with plenty of life left! Price: $65/HR (40-Hour Minimum/Month) - Serious inquiries only. Location: Inverness, FL (KINF) Contact: / for more details, additional photos, logs, or to schedule a viewing. A triple-net lease means the lessee assumes 100% of the operating responsibility and costs associated with the aircraft, while the owner provides the aircraft as a capital asset. Under a Triple-Net Aircraft Lease, the Lessee is Responsible For: -All Maintenance and repairs (Scheduled and unscheduled) -Annual inspections, 100-hour inspections, and AD compliance -Engine propeller, and component reserves -Insurance (meeting owner-specified coverage requirements) -Fuel, oil, consumables, and operating supplies -Hangar or tie-down -Avionics upkeep and database subscriptions -Daily operational control and scheduling Owner Responsibilities: -Provide the aircraft in airworthy condition at lease commencement -Retain ownership of the aircraft -Maintain oversight rights to protect the asset -Approve major maintenance events, modifications, and avionics upgrades How Payments work: -Lease rates are hourly-based with a monthly minimum to ensure consistent availability and predictable cash flow -Monthly minimums are due regardless of utilization -All operating expenses are paid directly by the lessee(not reimbursed) Why Triple-Net Works: This structure allows flight schools and operators to: -Avoid large capital purchases -Scale their fleet quickly -Maintain full operational control -Predict costs without ownership risk Important Notes: -Aircraft may not be sub-leased without written approval -Maintenance must be performed by approved, properly certificated facilities -All lease terms, rates, and minimums are defined in the formal Aircraft Lease Agreement