Millionaire plans to fly $2.2M '40s-era Spitfire
HAMILTON -- A 66-year-old multimillionaire who has never flown an airplane has paid $2.2 million for a restored Second World War Spitfire that he plans to learn to fly.
Ed Russell, an architect who successfully settled a $240-million sports complex lawsuit against Disney last fall, has purchased a Mark IX Spitfire believed to be one of first Allied aircraft to land in France after D-Day in 1944.
The plane, flown by 312 Squadron RAF, was restored and sold by Historic Flying Ltd. of Duxford, England, and is expected to be shipped to Canada this summer.
There are 51 airworthy Spitfires left in the world.
Although Russell is in England, the sale was confirmed yesterday by his secretary in Fonthill.
Rick Franks of the Canadian Warplane Heritage Museum said the Spitfire will likely be based at Welland Airport and may well be joined by as many as three more historic aircraft, including another fighter.
"He says he's going to buy a Harvard and he's thinking about buying a Cornell or a Chipmunk."