ORIGINAL: N1EDM
Before you begin to recover, you will want to check the nose/engine area. You will probably find a lot of oil in the wood that has to be eliminated or the covering won't stick...
Just my $.02
Bob
You may not get the color off of the wood as it may be in the wood, especially if it is Monokote. The best I have found to get old oil out is K2R (or something like that). Spray it on, let it dry to a powder, and brush it off. It may take it a couple applications, but it does work. Then a coat or two of Balsarite will help stick film covering even if it adhesive backed.