Arrow Cruise Speed
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Ummm????
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Ah, nope.133-138 TAS at around 7000 ft depending on the condition of the paint/wax, engine, rigging, and prop.
Perhaps the turbo model can reach that at high altitudes, but I have no experience with them
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The reference speeds will be fixed in the next update. Note these haven't changed since release and shouldn't affect the flying experience, just the UI.
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This is from the POH...