Leasing a new plane
Hey...
I was hoping to buy a plane and lease it out to the local airport to recover costs and was wondering how the process works..I'd appreciate if you could shed some light on it and also answer the following questions for me:
A) Also, since you rent it to the airport, thers probably a lot of wear and tear ( since low hours students are training on it ) so probably need more maintainence.. Do you have to pay for the maintenance or do they manage everything ( repairs & costs ) and all you have to do is fly it ?
B) If they want you to pay for the maintenance, is their monthly payment to you sufficient to cover this maintenance and your original costs in the long run ( 1-2 years ) ?
C)If you wanna fly, do you get priority and are given the plane whenver you need to ( Within reason ofcourse ) ?
I"d also appreciate it if you guys could suggest any other ways by which I could cover the cost of buying a new plane.
Thanks much.
Jai