Insurance and conditions
Ghengis
The availablility issue is interesting. I was surprised how good the availability of the R22 I had 1/23rd of in New Zealand was. Your 4-seat tourer suggests this is not exceptional.
RDR
I agree that caution about how the potential liabilities are controlled and shared is sensible. There needs to be 'spare' money in the bank and syndicate members need to be prepared for unplanned additional expenditure. A high hours requirement is attractive, but will exclude many potential members and so may well be self-defeating. As with self-fly hire, check rides and a responsible means of approving or declining planned flights seem wise as a precautions to minimise the risk to each of the shares in the a/c - unless you have complete faith in everyone else's judgement!
Insurance has been said to be the making or breaking of syndicates (although this was in NZ) and I'll be interested to see what the insurance costs are. Would anyone like to tell me what they pay for multiple pilot, non-commercial use insurance as a % of hull value, assuming no previous claims and with what minimum pilot experience?
I set out to look for a syndicate, but seem to be heading in the do-it-myself direction. All part of the journey, I guess!
Last edited by FlyAnotherDay; 7th July 2004 at 17:29.