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Old 2nd November 2008 | 00:59
  #12 (permalink)  
MerlinV8
 
Joined: Oct 2008
Posts: 57
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From: Australia
I agree with you shouldn't buy shares in a plane at this early stage until you figure out what type of flying you will be doing, you might end up loving aerobatics and not flying cross-country so much, therefore a different A/C required.

In saying that, I have known many student pilots who have bought share's in aircraft that are used as line aircraft at aero-clubs and flying schools, the advantage of this is you get a very cheap hourly rate, students and instructors using the aircraft pay for the planes maintainance cost's and insurance etc etc, I'm not saying this work's for everyone but I do know people who have done it quite successfully, for example I know someone who bought a CT4 Airtrainer share for $2700, did 100hrs CPL training for $85hr + instructor costs and it was aerobatic aswell, that was a few years ago now and a very good deal at the time but it gives you an idea of what is possible.

Just something to think about
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