PPRuNe Forums - View Single Post - Cost of buying a share
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Old 15th Nov 2017, 16:49
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ComeFlyWithB
 
Join Date: Aug 2017
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Originally Posted by Genghis the Engineer
Almost certainly, yes it would - the big question is whether a syndicate wants an hour builder. Some will, some won't.

Also bear in mind that once you have your hours, you still have the share. That may be great as you can just keep flying it as you wish for recreation or currency, or may be a millstone you can't get rid of without discounting it quite a lot. That basically comes down to what you want.

What's not often talked about is that the "price" you pay for your cheap syndicate flying is occasional prolonged downtime whilst some problem or other is resolved, and being expected to put some time into things like providing unskilled support to maintenance, or cleaning the aeroplane. As a serial (and often parallel) syndicate owner, that's always been fine with me, but you need to go into it with your eyes open. Also look at both the useage of the aeroplane, and the characters and behaviours of the existing syndicate members - in particular getting stuck in a syndicate with a few problematic personalities can be a complete pain in the backside (whilst with a good syndicate, pretty much any aircraft problem is solveable).

I would suggest if you are going commercial that you buy a share in something with a half decent avionics fit, as that will provide you with something useful as you get into instrument and night flying and want to build particularly relevant experience. The C152 is a good basic training aeroplane, but you may find other types that will be more futureproof for your needs.

G
Thanks for replying genghis, valid point indeed. Down the line (no pun intended) and IF I am successful in finding myself in the RHS of a jet whether it be passenger or cargo initially I'd still like to keep the SEP rating for the odd hour here and there on a sunny weekend with the better half or parents/friends although admittedly nowhere near as aggressive as the amount of hours with hour building probably a couple hours a month maximum although that is at best a guesstimate.

How much does a share cost ? I appreciate its not a straightforward question as many variables are involved but I'm just trying to get rough figures together so I know how hard / long / many jobs I need to work to have everything in place within a timely fashion. It might be a case that it doesn't work out cost effective as being relatively new still I have literally no idea what a share costs. I personally wouldn't mind the helping / cleaning aspect as Id find it an opportunity to meet people and make contacts but I agree with the problematic personality types issue as a major con.

I hadn't actually considered future-proofing as it were however it does make complete sense maybe a 172 with a garmin1000 would fit the bill well ready for IR and what not ?
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