June 27, 2013 - The owner of a popular warbird museum in Virginia Beach is selling off his vintage World War I and World War II aircraft and replicas - numbering more than 100 airplanes.
Gerald Yagen, EAA487104/EAA Warbirds of America 15658, owner of the Military Aviation Museum in Pungo, Virginia, told The Virginian-Pilot that he no longer can afford to keep the collection and, likely, the museum.
"The aircraft cost a million dollars a year to maintain, the collection was more than $40 million to acquire, and the facility was $15 million," he told EAA. "I simply can't afford it anymore.”
Yagen also operated four vocational trade schools that are in the process of being sold. As of Thursday, two airplanes have changed hands, the B-17G Chuckie and Focke Wulf FW-190 A8. They were purchased by Jack Erickson of the Tillamook Air Museum, Oregon.
The vast collection also includes a recently restored Canadian-built de Havilland Mosquito, which is the world's only flying example of the type, and a German Me 262, a reconstructed version of the world's first operational military jet.
One of the rarest airplanes in the world, a newly restored de Havilland Mosquito, is one of dozens of vintage warbirds for sale from the Military Aviation Museum collection, Virginia.