Syndicate members - is it worth it?
Any able to share their real life experiences with being in a syndicate?
I have been thinking about it for a while, some of them seem to be a bit odd to me though, 5k to join a 25 member pool, then $120 per hour plus fuel!
And who pays for maintenance? Once the 100 hours is up, or once the engine needs to be replaced, whose pocket does it come from do the members all have to go in equally?
Seems so much easier (read: cheaper!) to join an aeroclub and hire as needed.
Also is this share worth anything as an investment, or will the aircraft eventually die one day and be worthless?