Its ‘worth’ whatever anyone is prepared to pay for it.

To date, I am unaware of any Hurricane that has sold for £2m, let alone 3.

As Galdri says above, if you want a cheap aeroplane, then buy one that is already flying. If you want a Hurricane restored, then take it to HRL – it wont be cheap, but they have the experience, expertise and tooling to make it happen. No-one else does…..

Bruce

A lot of the info I used came from the HRL web-site – so to sum up the very valid points made by Galdri and Bruce above and to borrow a well known advert:

Cost of rebuilding a Hurricane – Whatever it costs

Owning a Hurricane – Priceless

Okay, since my initial post I have looked in to the subject of Hurricane restoration a bit more.

Various articles I have found quote 40,000 / 50,000 man hours to complete the airframe so lets say at an average of £10 per hour which gives a labor bill of £500k.

Another article from 2001 quoted £600k of parts needed so again lets go for £750k in todays terms.

Add on another £150k? for the airframe and you are now looking at a total bill of £1.4m to get it in the air again which when taken in to consideration with a post rebuild sale price of £2m i.e. an approx. 50% profit on a 3-4 year rebuild investment it brings it all in to perspective.

And it dosent end there…

Annual insurance of approx. £50k
Annual servicing another £30k approx.
£1k per hour additional operating costs (fuel, oil, hangarage etc.)

So to fly it for 50 hours p.a. you are looking at an ongoing annual budget of £130k.

I guess we are looking at a minimum of a double roll over to make it feasible – unless of course I can talk my wife out of her need for a pair of Jimmy Choo shoes!

Mark