On Sat, 26 Aug 2006 23:09:34 -0700, Jack Allison
wrote in
:

Will I always have two other airplane partners? I sure hope so.

Right. But Jay is the sole owner of his PA28. He pays more per hour
of operation, and enjoys increased utility for increased cost.

The financial advantages of coownership are undisputed (unless one of
your coowners crashes into a school bus full of children, and the
liability exceeds the value of your insurance policy). The fixed
costs (except engine overhaul) of aircraft ownership (hangar rent,
insurance, annual inspections, etc) become a smaller factor of hourly
operational cost in proportion to the total number of hours flown
monthly (more owners/operators means more hours flown) and depending
on how the ownership agreement is structured, those fixed costs may be
further reduced by their division among the coowners.