PPRuNe Forums - View Single Post - How to buy a single engine aircraft in the UK?

dont overfil · 20th August 2008, 20:52

I did it once.
Annually £5000 maintenence (transport C of A)
£2000 insurance
£2000 hangerage. All plus VAT this was 10 years ago!
I leased to a flying club so what can they charge today?
Probably £140 per hour
Minus VAT
Minus their margin say £15
Minus fuel say £54 before VAT
Minus engine fund £7.50 ph
You are left with £42.50 per hour.
Unless the flying club is huge your AC will probably do about 25hrs per month.
Because of the risk of personal liability you may want to form a limited company so you will need to employ an accountant, but to make this work you will need a fleet of aircraft to make it pay.
Don't bother. Buy an aircraft and let a couple of friends fly it. They'll maybe look after it.
You could probably half the maintenence bill by not letting a flying school or anone with low hours near it.
DO.

20th August 2008, 20:52	#18 (permalink)
dont overfil Join Date: Aug 2007 Location: 10nm E grice Posts: 229	I did it once. Annually £5000 maintenence (transport C of A) £2000 insurance £2000 hangerage. All plus VAT this was 10 years ago! I leased to a flying club so what can they charge today? Probably £140 per hour Minus VAT Minus their margin say £15 Minus fuel say £54 before VAT Minus engine fund £7.50 ph You are left with £42.50 per hour. Unless the flying club is huge your AC will probably do about 25hrs per month. Because of the risk of personal liability you may want to form a limited company so you will need to employ an accountant, but to make this work you will need a fleet of aircraft to make it pay. Don't bother. Buy an aircraft and let a couple of friends fly it. They'll maybe look after it. You could probably half the maintenence bill by not letting a flying school or anone with low hours near it. DO. Last edited by dont overfil : 20th August 2008 at 21:13.