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Old 15th March 2004 | 20:11
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hughey
 
Joined: Aug 2003
Posts: 27
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From: UK/AUSTRALIA/NZ
Newbies idea!

Please forgive me if this has been done before.

Reading the thread about the $10,000 "buy a job scheme" got me thinking.

Is this possible? You tell me.

Hypothetically 10 newbies form a co-operative and all buy a 10% share in a new R22 with factory warranty, whistles and bells.

If this machine is only used on a private basis by low houred licenced CPL's and insured as such. Then run at cost price/no profit. The machine could then be sold after a period and new newbies can buy out old newbies after a sufficient number of hours has been reached e.g. 500.

After looking at the Robinson Heli website the cost price of running an R22 cost is quite attractive.

This is just a raw plan of action so please shoot me down gently!

Hughey
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