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Old 14th Oct 2017, 19:42
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Maoraigh1
 
Join Date: Oct 2007
Location: Moray,Scotland,U.K.
Posts: 1,781
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As a Group of 6, paying £50 per month, and £60 per tach hour, but paying for landings separately, we make a good profit - enough to fund a major refurbishment, ongoing at present, after Mode S and 8.33 upgrades. Hopefully enough left for engine overhaul when that is needed.
Monthly covers hangarage, insurance, and other fixed costs.
Share is £2300. Jodel DR1050, O200 engine, LAA Permit.
(Group share is less than 1/6 the likely "sell" value of the aircraft + the kitty, as there can be liabilities in aircraft ownership.) (Hoping this doesn't attract Private Equity asset-stripper interest)
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