Another reason to own a share I'm unfortunately illustrating this evening.
I'm typing this in a budget hotel room 350 miles from home, where I'm stuck with my aeroplane (of which I own 1/20th) by bad weather. Hopefully I'll fly back in the morning.
In the meantime, I sent a text message to let somebody know where the aeroplane is - and that's it. No school is losing revenue, nobody's going to bill me for the aeroplane being away longer, nobody apart from possibly one syndicate member who might want it tomorrow cares about the lack of aeroplane back at base.
So my total pressure is to do the right thing for safety, and the total financial penalty is a cheap budget hotel room for the night and another day's parking.
Okay, there are downsides to ownership as well - occasionally difficult co-owners, and sometimes trouble selling your share when you want to move on. But it does work.
6 hours flying this week, including my monthly payment since it's the start of the month, will have cost me about £97/hr.
G