PPRuNe Forums - View Single Post - Can I afford to buy an aircraft?
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Old 29th Apr 2011, 07:15
  #8 (permalink)  
Final 3 Greens
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Selim

Having been in a small group for a while, I would second the opinion earlier about the need to keep some capital for emergent problems.

The strangest things can happen, as well as not so strange things. For example, we had one horror year where we failed to meet our target flying hours by a long way and that meant we were short of income to the degree that we had to put cash into the company to remain solvent.

Also, be careful about who you choose as partners - marry in haste, repent at leisure.

We were all straight with each other, didn't always agree, but always reached a viable consensus.

Not all groups have such a relationship, so check on future partners as thoroughly as you can and check out operating agreements - there are some very experienced people on this forum who know a lot about such things.

From personal experience, I liked being in the group and it had many advantages.