"Tim Hogard" wrote in message
...
C Kingsbury ) wrote:

The plane will be something like a 152 or Tomahawk. The value of
the plane makes it an "investment" I could walk away from and I'm
considering no hull insurance on the plane. The payoff for the
student pilot is something in the area of 115 hrs.

Nuts! I know you guys brew some pretty strong beer down there but this
verges on the clinical definition of insanity.

The fact that you can afford it makes me question why you would ever want to
do this kind of leaseback. You only make money if nothing unexpected happens
in terms of maintenance, and if a student prangs the prop or something you
eat it all.

So in other words, the FBO has agreed to let you take on 100% of the risk of
owning an airplane, will let any jackass with a 1-hour checkout fly it, in
return for which they are guaranteed a profit. If this were a marriage it'd
be considered spousal abuse.

Personally, I think this is the worst leaseback scenario I've ever heard.

Best,
-cwk.