PPRuNe Forums - View Single Post - Buying an A/C share
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Old 13th November 2005 | 12:01
  #10 (permalink)  
englishal

 
Joined: May 2001
Posts: 4,729
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From: 75N 16E
What about starting a group from scratch with a few likeminded folk?

I was thinking about buying into a share, but it puts me off buying into an already established group, as you don't really know what you're getting yourself into. I was a member of a non capital group (i.e. I just committed to a certain number of hours per year with no capital outlay) for a few years, and frankly would have been very p*ssed off had I bought in (all the promises which were broken, the decision to base the aircraft elsewhere, aircraft not coming back on schedule and not even a phonecall to let you know, so you turn up at the airfield and twiddle your thumbs before going home.... etc.....). You soon realise that you're told a lot of stuff to get you to join and once in, you're stuck. So I eventually left, loosing out I might add as I had made hourly commitments which couldn't be fulfilled and were lost.

I would rather find one other / a few people who are interested, then establish the rules, decide on an aircraft and price, and go out and buy it together from the word go. That way there are no issues, everyone knows what they're getting into and the purchase costs (survey etc) can be split at the time.

Bulldog anyone?
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