It would not be feasible at all. A transmitter and receiver is only $20. OS is the brand and .12 means it is a .12 cubic inch engine and that .12 is the volume of the space the piston travels in a single stroke. I'll put you together a little kit of stuff you need to get that thing going.

Igniter and fuel bottle; http://www.dollarhobbyz.com/catalog/...cc-fuel-bottle

Receiver/transmitter; http://www.dollarhobbyz.com/catalog/...-3-ch-receiver

AA battery holder; http://www.amazon.com/Tactic-Cell-Ba.../dp/B002I9V60E

And some fuel of your choosing. I think 15% (amount of nitro in fuel) would be good with this particular engine. Good luck!