tinpis bring on the next Lotto jackpot.
Think of the bragging rights with one of those as your coporate jet.
Loved the bit about the F5 having less buffet in the circuit, now that's a real mans aircraft.
masseygrad
An AOC is the least of your problems.
The ownership of an aircraft does not in and of itself mean you also have an aviaton business run by yourself or hired to an operator who leases aircraft.
Successful businesses start by researching the market establishing there is one, or room for another competitor, or aircraft or the opportunity to stimulate it further.
Starting a business with it or leasing it out simply because you've bought one so you can get some hours is the least smart/most dumb way to spend your money.
Is there a market, what type and standard of service does it demand and is prepared to pay for. With respect not many are going to pay big dollars to be flown around in a light twin flown by a learner pilot. He is a learner pilot because he can't get a job with a bone fide operator with the hours he's got.
If the market is already overserviced, which is most likely given all the others chasing hours and predating the available revenue, with another is simply going to make it worse.
Hiring it to an operator without him also being able to justify it on the above criterion is an equally dumb idea.
The margins are tight enough as it is without two people trying to get one out of the same aircraft.
Who's aircraft does the operator give the "work" to if he has a fleet full of hired aircraft and why should he employ you to fly it if you haven't got the experience in the first place.
If you're going to stimulate the market, you have to do something different or offer something that is demonstrably different, further, faster, higher than is currently available. Clearly even if you have the capital, driving it is going to be beyond his current skillset assuming he would know how to market it.
If he does know how to market it he will make way more money doing so than he ever could flying the sucker.
The ground is littered with experienced drivers.
And therein lays the problem.
It has been thus since 1967, the economic barriers were way higher then and we new the moment we replaced the new aircraft with other new ones as part of keeping the fleet up to date, we were immediately creating the means for others to do the repaint and refurb routine and compete against us on price alone. They in turn knew that the moment they did likewise they were creating the means for others to do the repaint and refurb routine and compete against them on price.
Ad nauseum right up to today. look around at the fleet and tell me that this is not so.
Most would have you beleive that it was big bad CASA. In many cases deservedly so.
In the meantime they have trained the marketplace to the view that they can hire the same aircraft cheaper today than they could the day before. Neat trick huh, seeing that we have the an average age of 10 years for new motor vehicles.
The poor long suffering investors in the enterprise , usually the finance companies have been subsidising the market big time.
In my direct experience to the tune of $200,000,000 during the period up to 1995.
Why do they not now rush into the market with more money, when it is clear that the capital base has deteriorated even further since.
Certain flight school owners who make the most noise about regulatory and service provider costs have the least actual capital investment of their own, relying on using a large collection of owners antique aircraft to make their business look like its a big one.
The real answer regardless of how you feel about the regulatory thing is increasing revenue (putting the rates up) to the point where they are profitable and are able to reequip with modern maintenance efficient aircraft.
When they stop whingeing and spend more time educating their users that they must pay more they may be able to go forward.
What frightens them most is that if they do so a significant proportion of those they fondly imagine are their clientbase will go away.
It will and will hopefully make way for properly resourced operators to concentrate on the people who actually can.
You can either afford to fly or you cant, it is NOT a right, pick the level at which you can afford to participate and go play whereever that is, if you cant afford to hire say a new Cirrus at $400 ph then don't expect somone else to subsidise it your fantasy and blaming every one else because you can't fulfil it.
Let's start a campaign against whoever it is that makes hiring a Fairlane Ghia/Statesman/BMW or Ferrari when I pick up my car at the Avis/Hertz/Europcar airport sooo expensive. Who de we pick on eh
And this is where the gaunty is anti GA and CASA is trying to kill it off loonies step up.
