Clark - Crash & Learn: A True Story of Surviving a Plane Crash and Financial Crisis
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- Book:Crash & Learn: A True Story of Surviving a Plane Crash and Financial Crisis
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Crash & Learn: A True Story of Surviving a Plane Crash and Financial Crisis: summary, description and annotation
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Andy Clark and his company, All Aboard Properties, are long-time developers and one of the largest owners of self-storage facilities in east central Florida. His path to success, however, was fraught with some tribulations. An aviation enthusiast from an early age, Andy spent many hours soaring through the skies. Unfortunately, what goes up, must sometimes come down. Such was the case on Memorial Day Monday, 2009 when the twin-piston Aero Commander that he was piloting stalled and plummeted into the ground, just short of the runway. The crash would cost him his fathers life and thrust him into a long battle of survival and physical recovery. The simultaneous real estate crash and world-wide recession would force Andy into a financial fight that would determine his familys long, successful legacy. This true story of survival is inspirational on many levels. Whether youre an aviation aficionado, a real estate developer, investor, business owner, a parent or a spouse, youll marvel at Andys staying-power and determination to triumph in the face of adversity and survive not one, but two, life-altering crashes.
Clark: author's other books
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David Llewellyn-Smith
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Crash & Learn
A True Story of Surviving
a Plane Crash and Financial Crisis
a Plane Crash and Financial Crisis
Andy Clark
2020 Andy Clark, all rights reserved. No part of this book may be reproduced, stored in a retrieval system or transmitted by any means without the sole consent and written permission of the author.
First published in June 2020
Ghostwritten by Sean Donovan
www.Seandon.com
ISBN: 9798640887266
Imprint: Independently published
Printed in the United States of America
To my father, Douglas J. Clark (1928-2009). He taught me the value of persistence in setting and achieving goals as well as creatively finding win-win solutions in business. He truly embodied Winston Churchills famous quote: Never, never, never give up.
Also, to my wife, Molly Jo (Panning) Clark, for always being there for me and always making me smile. She often reminds me of her favorite line by Eric Idle from Monty Pythons Life of Brian: Always look on the bright side of life.
To our children: Emma, Camille, Doug and granddaughter Zena; and my work family at All Aboard Properties; thank you all for your love, friendship, hard work, dedication, and support through the years.
To those interested in aviation, the self storage industry, real estate investing and construction, or those of you who are just interested in being more successful in business; I appreciate our common interests and I hope you will gain helpful insight and inspiration from my story.
Most importantly, this book is also dedicated to you, the reader. Stick to the pursuit of your dreams, even in the face of adversity or catastrophe - you never know what life has in store for you.
Contents
Im a survivor of a 2009 airplane crash. I was the pilot and my 80-year-old father was the only passenger. He died in the crash and I was lucky to survive.
I spent three weeks in the hospital after the accident, and while laying there with memories of the plane crash replaying over and over in my head like a repeating video every time I shut my eyes, I thought, I should write a book about this since its so vivid in my mind. Also, when I tell people that I was in a plane crash, they are often astonished and want to hear all the details. I thought I better write down those details before they were forgotten.
Sometimes, when youre going through tough times, a word of encouragement or a success story is the nudge thats needed to make a positive difference in the outcome of your situation. Ive read many books and Ive benefited tremendously from numerous mentors and positive people whom I have encountered in my life. Now its my turn to hopefully return the favor. I want the words on the following pages of this book to be the positive difference in your life.
Maybe youve suffered the loss of a loved one; or maybe you made a bad business decision and are now dealing with the financial consequences; or maybe youre going through a divorce; or enduring depression; or just trying to find your passion and calling in life.
Its my hope that my story will help you through your challenges or, if you are currently in a good place in your life, simply enhance your appreciation of your current situation. Enjoy the read.
Our greatest weakness lies in giving up.
The most certain way to succeed is to try just one more time.
~ Thomas Edison
1
Memorial Day
Memorial Day
It was a beautiful, sunny morning on May 25th, 2009 - Memorial Day Monday. It had been raining like a monsoon every day in Daytona Beach, Florida, for the previous two weeks; however, today the sun finally made an appearance, giving my father (who we now call Grampa Doug) and me the opportunity to continue our weekly tradition of flying one of our three airplanes. It was not only a fun time with my father, but it was a great opportunity to get some airtime on the planes rather than let them sit idle in the hangar and deteriorate. Saturday morning was the norm for us, but this time Memorial Day Monday would have to suffice.
Early mornings usually afforded us the best opportunity to beat the rush hour of Embry-Riddle Aeronautical University student pilot traffic, plus the morning weather is typically more stable as afternoons in Florida often deliver thunderstorms.
Today, we were only planning on taking a local flight of less than 10 miles south to New Smyrna Beach Airport for a quick landing and takeoff, then to Spruce Creek Fly-Inn community for the same before heading back to the Daytona Beach International Airport where we kept our planes at our self storage, office and hangar facility, Commonwealth Aviation.
Its customary to do three takeoffs and landings as a currency check for pilots to stay current on their license. It was a dual-purpose mission to keep ourselves and the planes in good standing and condition.
My son, also named Doug, was eight years old at the time. He was planning to go flying that day with me and his Grandpa but became engrossed in watching SpongeBob SquarePants on TV. He would instead stay home to go to the beach with my wife Molly and his two sisters, Emma, who was then 14, and Camille who was 12. I was going to meet them all at the beach after this quick flight.
At this time in 2009, our All Aboard Self Storage and commercial real estate and development businesses were scrambling to make ends meet. Our local and national economy was heavily depressed by the Great Recession, which started in 2007. We had no idea when it would break. We thought, based on the booming real estate market in Daytona Beach for the previous 60 years, that in about six months, the economy would certainly turn around. In reality, the recession lasted until 2014.
We were struggling to figure out how to pay all our loan payments. The occupancy rates at our 12 self storage facilities had dropped from above 85% down to below 60%. We also owned quite a few developmental properties (raw land) that didnt produce income. We could pay our interest payments, but not all of our principal payments as required by our loan documents. Our cash reserves were running out.
Needless to say, this impacted our disposable income and our budget to take the planes on leisure destination trips; therefore, although flying still fueled my passion, our time in the cockpit had to be self-regulated for necessary purposes only.
At the time, we owned a 1973 Shrike Aero Commander twin-piston (made famous by Bob Hoover who would fly a Shrike Commander among other airplanes in airshows). Bob Hoover also gave the good advice, that in case of complete engine failure, to continue to fly your aircraft all the way to the scene of the accident. We also owned a 1988 red Waco Classic open cockpit bi-plane and a 1976 Learjet 24D that flew with fighter jet responsiveness, in climb and performance. They were all classic, beautiful planessimilar to the several classic cars my father owned. But, like his classic cars, and like my father himself, these aircraft had age on them. They were all originally purchased by my father, but I felt it was my responsibility to fly and maintain them since my father was not up to the task. But, since they were his toys, I still deferred the final maintenance decision-making for the planes to him.
Unfortunately, my father was preoccupied with many higher priorities at the time; the top one being his rapidly declining health from chronic liver disease. We were also extremely sidetracked with keeping the business afloat during the recession. In short, we had old planes that were in need of more attention and maintenance than we could afford to give them at the time. The planes were a third priority after my fathers health and the survival of our businesses.
Having any preoccupations or outside distractions is not a good thing while flying a plane. Like riding a motorcycle, you want all your attention to be focused on the task at hand.
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