Aircraft Shares...
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Aircraft Shares...
Any reasons why I shouldn't buy a share in an aircraft with a C of A?
For example: does anyone have a share, but never seems to fly, because the a/c is always booked or always having maintanence carried out, bad weather etc.
If you can't fly for a while, you still pay a monthly charge, so does this sometimes mean you don't actually save much over renting the a/c from a flying school every now and then?
and Is it a good method for Hour building?
Basically I'd like to know pro's and con's of buying a share in an aircraft.
Any advice would be appreciated
IH
For example: does anyone have a share, but never seems to fly, because the a/c is always booked or always having maintanence carried out, bad weather etc.
If you can't fly for a while, you still pay a monthly charge, so does this sometimes mean you don't actually save much over renting the a/c from a flying school every now and then?
and Is it a good method for Hour building?
Basically I'd like to know pro's and con's of buying a share in an aircraft.
Any advice would be appreciated
IH
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> Any reasons why I shouldn't buy a . .> share in an aircraft with a C of A?
Biggest Against = Risk: If it breaks, you foot the bill.. .Biggest For = ... well, how many of your mates own an aeroplane???
If the a/c is always booked when you want to fly, then you've joined a bad group. If it is always in for maintainence, it's either a bad aircraft, or over utilised (or on a Public Transport C of A!).
The 'ideal' number of people in the group will depend on the type of aircraft. . .For a small single-seater that is mainly used for bombing around the local area, and that gets boring (or sore) after an hours flight, the group could be quite large - 10 to 15 people maybe. This works because people will come-and-go throughout a flying day, and will be doing just for the fun of it. If the plane isn't there, chances are it will be back on the ground soon.. .For a 3-4 seat tourer, the group size should be limited to around 5 people. This is because it is more likely to be away from the airfield for a whole day!
As for Club vs Group aircraft..... .I only have to fly for 83 minutes a month to save money! *corrected for poor mdr*
That makes it a very cheep way of hour building (far far cheeper even than a package on the other side of the pond).
The best bit is that as long as take-offs equal landings, you'll almost certainly get all of your investment back - which could than pay for the next stage of your training!
[ 20 February 2002: Message edited by: Dusty-B ]</p>
Biggest Against = Risk: If it breaks, you foot the bill.. .Biggest For = ... well, how many of your mates own an aeroplane???
If the a/c is always booked when you want to fly, then you've joined a bad group. If it is always in for maintainence, it's either a bad aircraft, or over utilised (or on a Public Transport C of A!).
The 'ideal' number of people in the group will depend on the type of aircraft. . .For a small single-seater that is mainly used for bombing around the local area, and that gets boring (or sore) after an hours flight, the group could be quite large - 10 to 15 people maybe. This works because people will come-and-go throughout a flying day, and will be doing just for the fun of it. If the plane isn't there, chances are it will be back on the ground soon.. .For a 3-4 seat tourer, the group size should be limited to around 5 people. This is because it is more likely to be away from the airfield for a whole day!
As for Club vs Group aircraft..... .I only have to fly for 83 minutes a month to save money! *corrected for poor mdr*
That makes it a very cheep way of hour building (far far cheeper even than a package on the other side of the pond).
The best bit is that as long as take-offs equal landings, you'll almost certainly get all of your investment back - which could than pay for the next stage of your training!
[ 20 February 2002: Message edited by: Dusty-B ]</p>
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Thanks Dusty,
Could you let me know how much you pay per month, per hour, how many are in your group, and what a/c type you have the share in.
I can't believe that you only have to fly for 30 mins a month to make it worth it!
Does the value of your share depreciate much after, say a couple of years?
IH
[ 19 February 2002: Message edited by: Island Hopper ]</p>
Could you let me know how much you pay per month, per hour, how many are in your group, and what a/c type you have the share in.
I can't believe that you only have to fly for 30 mins a month to make it worth it!
Does the value of your share depreciate much after, say a couple of years?
IH
[ 19 February 2002: Message edited by: Island Hopper ]</p>
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Island Hopper,
I have a share in a Cherokee Six, there are ten people in our syndicate. We pay £75.00 per month fixed costs, and £65.00 per hour WET. This, for me is a fantastic deal for a 130 kt aeroplate with auto pilot and seven seats. Personally I have flown an average of 110 hours per year over the last two years, and saved about £40.00 per hour against hiring an aircraft at my local club!!
. .Generally speaking, you have to be relatively flexible with your flying to make it work. I am fortunate enough to work shifts, as the aircraft is generally busy during weekends.
. .The initial share cost me £2,250, and I had to put anothed £2,000 in the kitty to cover a new engine last year. All the other maintenance, local airfirield landing fees and hangarage are included in the fixed costs and hourly rate.
. .Personally I would highly reccomend it (providing you are intending to fly on a regular basis)
. .Six Heavy
I have a share in a Cherokee Six, there are ten people in our syndicate. We pay £75.00 per month fixed costs, and £65.00 per hour WET. This, for me is a fantastic deal for a 130 kt aeroplate with auto pilot and seven seats. Personally I have flown an average of 110 hours per year over the last two years, and saved about £40.00 per hour against hiring an aircraft at my local club!!
. .Generally speaking, you have to be relatively flexible with your flying to make it work. I am fortunate enough to work shifts, as the aircraft is generally busy during weekends.
. .The initial share cost me £2,250, and I had to put anothed £2,000 in the kitty to cover a new engine last year. All the other maintenance, local airfirield landing fees and hangarage are included in the fixed costs and hourly rate.
. .Personally I would highly reccomend it (providing you are intending to fly on a regular basis)
. .Six Heavy
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ok shares are all good and fine, however last year i had a share in a pa 28 it belonged to a flying school they had the use of it and provided the mantaince, my-self and the other share holders paid caa fees to the school to have the caa register updated however aldergove flight training did not bother there ass doing this, the flying school went bust and hey the share was lost due to the flight school re-finanace the aircraft so you have been warned!!!!!!! <img src="mad.gif" border="0">
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<a href="http://www.pprune.org/cgibin/ultimatebb.cgi?ubb=get_topic&f=53&t=001197" target="_blank">http://www.pprune.org/cgibin/ultimatebb.cgi?ubb=get_topic&f=53&t=001197</a>
Any chance we could leave this in wannabes
. . <img src="smile.gif" border="0"> <img src="rolleyes.gif" border="0">
<img src="tongue.gif" border="0"> <img src="confused.gif" border="0">
Pretty please
Any chance we could leave this in wannabes
. . <img src="smile.gif" border="0"> <img src="rolleyes.gif" border="0">
<img src="tongue.gif" border="0"> <img src="confused.gif" border="0"> Pretty please
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My aircraft is a Jodel DR.200, a four-seat (well... 2+2) taildragger. She can cruise happily at 120mph, or 105-110mph for economy.
There are five of us in the group, each holding an equal share worth £5000. Each of us take turns in having 'priority' for a week, running Wednesday - Tuesday. If it is your week, you are responsible for handling 'bookings', and mediation if there is confliction (ie, you get the priority <img src="smile.gif" border="0"> ... however, the motto of the group is "you first", so it is all very cordial - it just works! We all get on fine. Because the kite is hangared, it needs two or three hands to get it out (there are other planes in the way) - this means that often 2 group members will go off flying together, a) to share the cost, b) to help with ground handling!
The costs are £65 per month and £33 per hour wet.. .She has a full panel with ADF, VOR(loc) and DME. Unfortunately the kit is Cat III, so we can't fly procedures in IMC.
I fly a T-67b FireFly at my local school/club, which costs £80ph tacho (which over-reads too).. .Obviously I got my sums wrong on the original post <img src="confused.gif" border="0"> (which I have since corrected)... It's not 30mins per month, it's 1hr23mins. Sorry <img src="rolleyes.gif" border="0"> . .Still - that isn't much, is it?
There are five of us in the group, each holding an equal share worth £5000. Each of us take turns in having 'priority' for a week, running Wednesday - Tuesday. If it is your week, you are responsible for handling 'bookings', and mediation if there is confliction (ie, you get the priority <img src="smile.gif" border="0"> ... however, the motto of the group is "you first", so it is all very cordial - it just works! We all get on fine. Because the kite is hangared, it needs two or three hands to get it out (there are other planes in the way) - this means that often 2 group members will go off flying together, a) to share the cost, b) to help with ground handling!
The costs are £65 per month and £33 per hour wet.. .She has a full panel with ADF, VOR(loc) and DME. Unfortunately the kit is Cat III, so we can't fly procedures in IMC.
I fly a T-67b FireFly at my local school/club, which costs £80ph tacho (which over-reads too).. .Obviously I got my sums wrong on the original post <img src="confused.gif" border="0"> (which I have since corrected)... It's not 30mins per month, it's 1hr23mins. Sorry <img src="rolleyes.gif" border="0"> . .Still - that isn't much, is it?
