County selling remains of helicopter kit company on Internet auction
McCOOK, Nebraska -- An Internet auction through Wednesday, Dec. 18, will sell helicopter parts, equipment and tools that once belonged to a helicopter kit manufacturing company that borrowed $300,000 from Red Willow County's revolving loan program in December 2004 and defaulted on the loan.
Current bids on "Big Iron" include $550 for Pawnee Aviation helicopter parts, $525 for a Pawnee Aviation helicopter tail boom fixture jig, and $400 for Pawnee Aviation helicopter designs, drawings and a cabin mold.
In August, Ron Willocks, owner of Pawnee Aviation, signed the inventory over to the county.
County commission chairman Earl McNutt said that the commissioners and McCook Economic Development Corp. director Rex Nelson agreed that the Big Iron Internet auction site and its international bidder base would advertise the helicopter inventory to a wide audience. The helicopter parts are attractive to a narrow market, McNutt said, and the Big Iron approach would reach out to a broader buyer base of those interested in aviation, he said.
McNutt said he's had "a handful" of telephone inquiries on the inventory. Potential buyers must contact McNutt, (308) 340-1829, or John O'Dea of Big Iron (308) 345- 1140 to arrange for on-site inspections.
Everything sells as is. There has been no testing or operational assessments. Big Iron will send winning bidders an invoice via email at the close of the auction.
McNutt said that proceeds from a sale will have to be sent to the State of Nebraska Department of Economic Development, which assumed control of Nebraska counties' revolving loan funds and projects in mid-2012.
For a sale bill, go to bigiron.com, Online Auctions (on the left) and keyword Pawnee. The sale closes at 10 a.m. Central Time, Dec. 18.