I know 3 guys who are doing this now, and saving a pile... (by their
own numbers)

It is a Cherokee 140..

Yes, the wing IS in the right place..

Yes, it WILL haul 4 people (in a pinch, WITH a pinch!)

And it is a good trainer,

And is tough and inexpensive.

And parts are reasonable, and available..

And it is a simple to maintain plane..

Ald although not a "fast" plane, has decent cross country speed...

Did I mention that the wing is in the right place?

A Cessna 150 is great trainer, but not much else.. It is slow, light,
cramped, no payload..

And...the 140 has LOTS of "utility" while working as a trainer...

YMMV!

Dave


On Sun, 16 Dec 2007 19:09:07 GMT, wrote:

I'm currently in "ground school" and hope to begin my actual flight
instruction soon. I will need to keep a close eye on the costs involved.

Some classmates are tossing around the idea of us purchasing a plane as a
group, doing our training, and then selling the plane. When our training s
completed, we would either sell to a "third party" buyer or allow some group
members who want to keep and share the plane to "buy back" shares from other
members at a discount.

Does anybody out there have any experience with such a scheme? Is this
really practical? Any solid info about legal requirements, insurance
issues, maintenance and storage costs, or tips for purchasing / selling a
plane would be appreciated.

Suggestions as to appropriate "training" aircraft (beyond the Cessna 150 /
172) would also be appreciated.

Additionally, would it be wise to contract a single CFI to do our
instruction? At approximately 50 hours per pupil, they could log a lot of
time. Maybe we could get a small discount?

Craig Slein, Houston, Texas