mclina,
if you want to make this electric a good choice in motors would be this one here =
http://www3.towerhobbies.com/cgi-bin...?&I=LXLWU1&P=0
and for an ESC this one=
http://www3.towerhobbies.com/cgi-bin...?&I=LXKSY6&P=M along with a 11.1 volt li-po of around 3200 mah should make for a good flying plane.
im sure there are other combos that will work very well also so maybe someone else can chime in and offer more suggestions.
bassman