[net.aviation] aircraft ownership clubs

wjl@inuxc.UUCP (07/22/83)

My friend is exploring the idea of forming a airplane ownership club. It would
involve at least two people and perhaps as many as three or four. I am 
considering the cost on my behalf to get involved.
I would like to hear from those of you who have been in such organizations
and would be willing to relate your experiences.

We are looking at the market to determine which aircraft would satisfy
our needs and reflect minimum cost. I would like information on selection
of a particular model and what to look for.

SANDY@MIT-ML@sri-unix.UUCP (07/23/83)

From:  Andrew F. Sibre <SANDY @ MIT-ML>

I belong to a flying club in Northern Virginia, and find it quite pleasant.
Several questions must be asked, however, before blowing a wad of
money on a plane. 
	1 How many people will be flying it?
	2 What are their ratings?
	3 How will (1) and (2) affect insurance costs?
	4 Will the local FBO object to the loss of plane rental
	   income when you rent yours out? (He'll kick you off
	   the field if he does).
	5 What is the history of AD's on the type plane you are
	    thinking of buying?
	6 Is it well known, and therefore easy to get serviced
	    (and if necessary SOLD) ?
	7 Who will do the check-out of prospective pilots?
	8 How much $ for tie-down or hangar space?
	9 Easy to fly? Forgiving? IFR? (the last a MUST).
	10 Do you want the plane to pay for itself?
	11 How do you deal with a partner who suddenly wants to
	    get his money out of the plane, in a hurry, while the
	    only prospective investor is a guy who's already
	    lost 2 planes to the Bureau of Customs?
	12 Have you read "Trade-A-Plane" to determine average
	    market prices?
		--- CHEERS!!!
 anm_f