Shares in aircraft
Thread Starter
Join Date: Dec 2001
Location: Manchester
Posts: 91
Likes: 0
Received 0 Likes
on
0 Posts
Shares in aircraft
I am considering trying to buy a share in an aircraft as a means to cheaper hour building in the UK.. .Can anyone explain the costs... .There is a share at my club at the mo it is as follows;. .£15 per hour wet. .£50 per month. .£2000 share cost(1/10th)
Does the "Wet" cost mean £15 per hour including fuel?. .Apologies if I am asking the obvious but I would appreciate any assistance.
Does the "Wet" cost mean £15 per hour including fuel?. .Apologies if I am asking the obvious but I would appreciate any assistance.
Join Date: Jan 1997
Location: UK
Posts: 7,737
Likes: 0
Received 0 Likes
on
0 Posts
That's right - it includes fuel.
Fairly near to you, Barton has traditionally had 2 or 3 group aircraft used by hour builders. They generally work very well but the winter weather does have an effect on how much you can do. The soft green sward of Barton does tend to suffer but the overall economics are such that it is still very worthwhile.
Over the years I've had shares in 3 Barton based aircraft and it worked very well for me - a strongly recommended method of gaining hours in European airspace at American prices.
There is also the psychological aspect. Gaining hours in an aircraft you have a financial interest in makes most people approach flying in a subtley different way compared to just hiring an anonymous trainer.
Consider how people treat a hire car compared to their own................
Rob Lloyd
Fairly near to you, Barton has traditionally had 2 or 3 group aircraft used by hour builders. They generally work very well but the winter weather does have an effect on how much you can do. The soft green sward of Barton does tend to suffer but the overall economics are such that it is still very worthwhile.
Over the years I've had shares in 3 Barton based aircraft and it worked very well for me - a strongly recommended method of gaining hours in European airspace at American prices.
There is also the psychological aspect. Gaining hours in an aircraft you have a financial interest in makes most people approach flying in a subtley different way compared to just hiring an anonymous trainer.
Consider how people treat a hire car compared to their own................
Rob Lloyd
This is standard for most syndicates, to quote these three figures. I'm in a PA-28 syndicate at £2,500, £35/mth, £48/hr wet, what you quote sounds about right for something like a 150.
G
G
Join Date: Sep 1999
Location: London, UK
Posts: 50
Likes: 0
Received 0 Likes
on
0 Posts
Sorry but £15 per hour WET doesn't sound nearly enough to me.
A Cessna 150 might burn about 6 USG per hour, which is about 28 ish litres. Cheap avgas might cost 80p per litre so that's £22 before you start.
Sorry, no calculator, perf figures or fuel price guide with me but I would think this is in the right ball park. To this price you would want to add some money per hour so as to penalise those that fly the aircraft most to build up a maintainqnce fund), perhaps about £15 per hour.
It sounds like a typo to me, I would expect it to be £15 DRY, so expect to pay £37 wet, which is still a bargain! (in my group I pay about £130 per hour wet, but thats my fault for enjoying flying upside down!)
[ 04 February 2002: Message edited by: Sink Rate ]</p>
A Cessna 150 might burn about 6 USG per hour, which is about 28 ish litres. Cheap avgas might cost 80p per litre so that's £22 before you start.
Sorry, no calculator, perf figures or fuel price guide with me but I would think this is in the right ball park. To this price you would want to add some money per hour so as to penalise those that fly the aircraft most to build up a maintainqnce fund), perhaps about £15 per hour.
It sounds like a typo to me, I would expect it to be £15 DRY, so expect to pay £37 wet, which is still a bargain! (in my group I pay about £130 per hour wet, but thats my fault for enjoying flying upside down!)
[ 04 February 2002: Message edited by: Sink Rate ]</p>
Join Date: Oct 2000
Location: England
Posts: 510
Likes: 0
Received 0 Likes
on
0 Posts
To add some more figures:
Our group (pfa two-seater) figures are: Share- £2500 (there are six in the group), monthly- £28 (covers insurance, hangarage, radio licence, paperwork etc.) Hourly- £9 per hour dry charged on airbourne time only. Each member buys their own Avgas and leaves the tank brim full after flying. Fuel burn is 18 litres per hour so you can work out the economics. The group is sufficiently well run for us to have been able to have the engine zero-timed last year !
With a well-run group your flying time is limited by the time you have available, not the cost.
Our group (pfa two-seater) figures are: Share- £2500 (there are six in the group), monthly- £28 (covers insurance, hangarage, radio licence, paperwork etc.) Hourly- £9 per hour dry charged on airbourne time only. Each member buys their own Avgas and leaves the tank brim full after flying. Fuel burn is 18 litres per hour so you can work out the economics. The group is sufficiently well run for us to have been able to have the engine zero-timed last year !
With a well-run group your flying time is limited by the time you have available, not the cost.
Join Date: Dec 2000
Location: North West, UK
Age: 56
Posts: 714
Likes: 0
Received 0 Likes
on
0 Posts
Mine cost £1300 for 1/20th share,
£25 a month,
£35 an hour wet.
. .£15 an hour sounds too cheap and I smell a rat.
You may find out that before long you will have to dig into your pocket for a whip round to pay for unforeseen bills like engine refurbs where as our group is already saving for the next engine overhaul expected in 3-4 years time.
PPRuNe Towers, as a matter of interest, what was the reg of the planes you had shares in??
I have a share in G-BBKY. Anybody else who now flies professionally ever flown this aircraft?
. . <img src="rolleyes.gif" border="0"> <img src="cool.gif" border="0">
<img src="tongue.gif" border="0"> <img src="smile.gif" border="0"> <img src="eek.gif" border="0">
£25 a month,
£35 an hour wet.
. .£15 an hour sounds too cheap and I smell a rat.
You may find out that before long you will have to dig into your pocket for a whip round to pay for unforeseen bills like engine refurbs where as our group is already saving for the next engine overhaul expected in 3-4 years time.
PPRuNe Towers, as a matter of interest, what was the reg of the planes you had shares in??
I have a share in G-BBKY. Anybody else who now flies professionally ever flown this aircraft?
. . <img src="rolleyes.gif" border="0"> <img src="cool.gif" border="0">
<img src="tongue.gif" border="0"> <img src="smile.gif" border="0"> <img src="eek.gif" border="0">
