Plane Shares, where can I find one?
Originally Posted by Pilotdom
what you have to put into perspective is the capital share you have to pay to buy into a group and the monthly fees aswell.
If you are planning on doing a cpl,just think about this.
Capital outlay for your share will probably be £6000. Thats probably about 55 hours time in a club aircraft,including fuel and no maintenance for you to worry about.
It may be better to spend the capital on the CPL and then spend money hour building when you need to.
If youve got the cash though get on and do it!
If you are planning on doing a cpl,just think about this.
Capital outlay for your share will probably be £6000. Thats probably about 55 hours time in a club aircraft,including fuel and no maintenance for you to worry about.
It may be better to spend the capital on the CPL and then spend money hour building when you need to.
If youve got the cash though get on and do it!
I've owned several shares (and still do), they've all appreciated between buying and selling. Whilst I've known people spend months of frustration trying to sell their shares, I've also personally never found it took all that long so long as you put a bit of effort into advertising and showing people around it.
I've also never paid more than £3k for a share.
G
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Capital outlay for your share will probably be £6000
A share in your average spamcan (PA28 C152) will cost you somewhere between £1600 - £2400). Several low houred (engine) PA28's on our airfiled going for around £1800. Monthly is £60 and hourly (wet) is also £60.
Popham is a good source of very reasonably priced shares in group owned aircraft.
Regards
FBW
Buy a share in a VW single seater. If you live in the South East then some of the costs will be out of proportion, but the figures do add up if you are flying lots. I'll illustrate with "worst case" figures based at an expensive airfield, but if you found a group based in a small field somewhere things get MUCH cheeper.
Initial outlay for share £1000
Monthly costs £50
Direct Hourly costs £13
Annual Flying Club membership £250
If you own a share for 2 years, flying just 6 hours a month and sell your share for the sum you purchased it you will have done about 140 hours for £3.5k or £25 per hour! You will not beat that without being sponsored! If you REALLY flew the pants off your new toy you could bring your flying costs down to £20per hour.
Forget the costs for the moment, you are flying for fun (aren't you?) and open cockpit, single seaters can also be excellent fun and great experience builders too. I should know, I've flown many if them over the last 10 years.
There is also a share available in the group I fly in if anyone wants to PM me
Initial outlay for share £1000
Monthly costs £50
Direct Hourly costs £13
Annual Flying Club membership £250
If you own a share for 2 years, flying just 6 hours a month and sell your share for the sum you purchased it you will have done about 140 hours for £3.5k or £25 per hour! You will not beat that without being sponsored! If you REALLY flew the pants off your new toy you could bring your flying costs down to £20per hour.
Forget the costs for the moment, you are flying for fun (aren't you?) and open cockpit, single seaters can also be excellent fun and great experience builders too. I should know, I've flown many if them over the last 10 years.
There is also a share available in the group I fly in if anyone wants to PM me
Está servira para distraerle.
Just toying with this idea at the moment. I would use any aircraft to fly recreationally, probably cross border European flying for three/four nights at a time.
My interest would be in an IFR and de - ice twin, hangared somewhere around the east of England.
I am aware of some of the drawbacks involved in this sort of a plan/plane but would be most grateful for any additional feeback that might come my way.
Regards.
cc
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Yes "mods" it's an advert but let me have a reply.
Your scheme despite the monthlies is still expensive Mike. 1. Wellesbourne Aviation's frequent flyer scheme at 50pcm beats your scheme on the Warrior 3 by 20ph. I have access for £100 per year a C172 Reims Rocket at Coventry for 84ph *tacho*. Not for profit club
You do have a decent instructor/examiner now though 
Get him some PPL students!
There is some truth in this. Not only do you have to fly the aeroplane, you have to be a legit operator within the regulatory framework, an accountant and savvy at managing the maintenance. This is ownership. In a group, such tasks can be delegated. You have to make sure the delegation works or the group fails to run.
There is an argument that a well-run club with sufficient weekend and evening availability is better than a poorly-run group or a well run one with a bad aeroplane.
Also group shares do not fall on your lap. Arguably with the right sort of aeroplane and flying objectives, it is easier and quicker to start a group yourself. You could end up with a nice aeroplane and good people because you went out and got what you wanted.
Your scheme despite the monthlies is still expensive Mike. 1. Wellesbourne Aviation's frequent flyer scheme at 50pcm beats your scheme on the Warrior 3 by 20ph. I have access for £100 per year a C172 Reims Rocket at Coventry for 84ph *tacho*. Not for profit club
You do have a decent instructor/examiner now though Get him some PPL students!
Smart people don't buy aircraft!!
There is an argument that a well-run club with sufficient weekend and evening availability is better than a poorly-run group or a well run one with a bad aeroplane.
Also group shares do not fall on your lap. Arguably with the right sort of aeroplane and flying objectives, it is easier and quicker to start a group yourself. You could end up with a nice aeroplane and good people because you went out and got what you wanted.
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Originally Posted by Mike Roberts
Smart people don't buy aircraft!!
Originally Posted by BlueRobin
There is some truth in this. Not only do you have to fly the aeroplane, you have to be a legit operator within the regulatory framework, an accountant and savvy at managing the maintenance. This is ownership.
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Smart people don't buy aircraft
The rate is £99 per hour for a Warrior III and £89 for a C172 wet
Well perhaps not those types
A new Warrior is about £150,000+VAT and a new C172 is also about £150,000+VAT. Depending on equipment of course. Nobody is going to pay that - unless they need that type for a particular purpose.
And knackered old ones you can rent from any flying school.
What you get with ownership is potentially something decent, maintained to your own standards, capable of real distance trips abroad, something capable of real IFR, something you can take away for a few weeks. One can potentially rent that but it's very rare and few-weeks takeaways are usually impossible anyway (without paying a massive price).
You pays your money and you takes your choice. Ownership is usually a massive hassle, a huge learning curve (in a business where there are more shysters than double glazing and loft insulation combined) but if you can do it, it's worth every penny for the freedom and the options.
The rate is £99 per hour for a Warrior III and £89 for a C172 wet
Well perhaps not those types
A new Warrior is about £150,000+VAT and a new C172 is also about £150,000+VAT. Depending on equipment of course. Nobody is going to pay that - unless they need that type for a particular purpose.
And knackered old ones you can rent from any flying school.
What you get with ownership is potentially something decent, maintained to your own standards, capable of real distance trips abroad, something capable of real IFR, something you can take away for a few weeks. One can potentially rent that but it's very rare and few-weeks takeaways are usually impossible anyway (without paying a massive price).
You pays your money and you takes your choice. Ownership is usually a massive hassle, a huge learning curve (in a business where there are more shysters than double glazing and loft insulation combined) but if you can do it, it's worth every penny for the freedom and the options.
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OK so if I buy say a good C182 full IFR and want to share it with other folks who is going to buy my shares for sale? Are there many really interested in group ownership? If so (Lincolnshire BTW) I may be persuaded to by one.
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Just bringing this to the top to say, if anyone knows of any shares going in IFR equipped a/c at Cranfield, Turweston or Coventry can you stick it in here or PM me please.
I know of a couple of Rockwell Commanders at Cranfield - but that's all I've found so far.
I know of a couple of Rockwell Commanders at Cranfield - but that's all I've found so far.
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hedges: where do you live?
last time i looked there were shares available at barton and popham.
im sure most clubs will have notices on the boards.
failing that, why not advertise your wanted advert.
ie share wanted, type of aircraft and prefered location.
last time i looked there were shares available at barton and popham.
im sure most clubs will have notices on the boards.
failing that, why not advertise your wanted advert.
ie share wanted, type of aircraft and prefered location.
I'm also thinking of buying a 1/10 share of a C150, the cost is £2k, £25p.m. and £59 wet per hour including base landing fees. Does anyone know the whereabouts of a list containing the major questions to ask before buying in? Any help appreciated.
Intelligent Idiot
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Must live in a poor part of the country.
I never see much available, ..well nothing actually, in Nth Lincs area.
Its something I am considering once the elusive PPL is mine. (not long now hopefully)
I never see much available, ..well nothing actually, in Nth Lincs area.
Its something I am considering once the elusive PPL is mine. (not long now hopefully)
Chocks Away!
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Availability?
I've read this thread from the top, and it's good reading.
I'll have my PPL in a couple of months, so naturally I'm looking to "fly something" at the end of it.
Forgive me for a daft question, but what fraction ownership adds up to days of availability? Clearly, if I had, say, 1/10th ownership I'd expect around 1/10th of the time to fly.
But would it be:
36 days or 5.2 weeks or 876 hours? How is it divided up?
If (say) I wanted to take it away over a bank holiday, would I have any hope at all of doing so? Does it need to be booked months in advance?
Does anybody generally have 'first grabs' on the time they fly?
Is there an minimum fractional ownership that should be avoided?
Sorry for all the questions - and I have expect the answer to be that it depends on the group - but some idea of what happens would be most welcome.
TiggerMoth
I'll have my PPL in a couple of months, so naturally I'm looking to "fly something" at the end of it.
Forgive me for a daft question, but what fraction ownership adds up to days of availability? Clearly, if I had, say, 1/10th ownership I'd expect around 1/10th of the time to fly.
But would it be:
36 days or 5.2 weeks or 876 hours? How is it divided up?
If (say) I wanted to take it away over a bank holiday, would I have any hope at all of doing so? Does it need to be booked months in advance?
Does anybody generally have 'first grabs' on the time they fly?
Is there an minimum fractional ownership that should be avoided?
Sorry for all the questions - and I have expect the answer to be that it depends on the group - but some idea of what happens would be most welcome.
TiggerMoth
tiggermoth, that depends entirely upon the rules and booking system of the syndicate that you join.
Most syndicates however operate some form of booking system that allows you so-many days in the diary at a time, including so-many weekend days. That usually ensures that most people get their aeroplane, most of the times they wanted it.
Best advice I can offer is before buying a share, have a think about the useage you'd like, then look at the booking diary for the next few weeks/months, and the tech log for the last few months to see what sort of overall use it's getting.
But in general, I suspect that you'll be pleasantly surprised.
G
Most syndicates however operate some form of booking system that allows you so-many days in the diary at a time, including so-many weekend days. That usually ensures that most people get their aeroplane, most of the times they wanted it.
Best advice I can offer is before buying a share, have a think about the useage you'd like, then look at the booking diary for the next few weeks/months, and the tech log for the last few months to see what sort of overall use it's getting.
But in general, I suspect that you'll be pleasantly surprised.
G
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Topcat 450
Try asking Pete Maynard for a go in his PA32 G-BKEK based at Turweston, immaculate aircraft and £105/hr Dry. Auto pilot colour map etc etc. Does 130Kn and takes six with a decent slug of gas. Quite easy going on hours per day too, but who wants to fly just one hour in a day? Flying is like an expanding spiral, the more you fly the further you need to go to see something new!.
Try asking Pete Maynard for a go in his PA32 G-BKEK based at Turweston, immaculate aircraft and £105/hr Dry. Auto pilot colour map etc etc. Does 130Kn and takes six with a decent slug of gas. Quite easy going on hours per day too, but who wants to fly just one hour in a day? Flying is like an expanding spiral, the more you fly the further you need to go to see something new!.