cheap flying
Join Date: Nov 2005
Location: UK
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What turned me off buying a share is that it can take an age to sell the thing when you want to get shot of it. If you can afford to hang around 6 or more months to shift a share then great but many of us aren't in that position which inevitably will mean that the share will need to get sold at a loss in order to get some cash back. Then there are the monthly contributions that still need to be met whilst you are trying to sell the thing and if you are horribly unlucky the engine bill that comes around and needs a bit of topping up as the fund is short due to some new EASA regulation.
You really need to step back and take a wider view on what a typical punter will want in order to minimise your risk if you plan from the outset on reselling. For me that left to many variables to consider.
I was all keen to get into a group and hour build in the UK prior to starting my CPL/IR but decided to head to the US instead and will go down the no equity route once I am complete to keep current. Whilst in some cases (but not all) there is a higher hourly rate there is the bonus of no associated risk.
You really need to step back and take a wider view on what a typical punter will want in order to minimise your risk if you plan from the outset on reselling. For me that left to many variables to consider.
I was all keen to get into a group and hour build in the UK prior to starting my CPL/IR but decided to head to the US instead and will go down the no equity route once I am complete to keep current. Whilst in some cases (but not all) there is a higher hourly rate there is the bonus of no associated risk.
Join Date: Dec 2006
Location: Winchester
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Is this the same
Interesting to see that the link above leads to the same website that is advertised every month now in Pilot/Flyer/Loop: http://www.flycumulus.com
I'm a low hours PPL (100) and I have got to say that anything that adds a bit of spice into what (from a newbie's perspective) seems to be an industry being driven into the ground by ludicrous costs and an inability to adapt has to be good, even if it isn't right for me!
I have reached a point where club aircraft don't allow me to do the things that made me get my licence. I'm loathed to buy into a share because, although I've met some really nice group members, it puts me outside my comfort zone being a part owner in an industry I don't know well. I'm sure the politics horror stories I've heard are exaggerated but I just want to pay my money and fly.
What I'm after is value for money, I don't think there is such a thing as cheap flying outside microlights is there?
