"Mxsmanic" wrote in message
...
Mike writes:

Totaling the aircraft is a non-issue. That's what insurance is for.
Damage
is a non-issue. That's what the pre-flight is for.

The greater the number of aircraft totaled, the higher the insurance
premiums,
so it's not quite a non-issue.

And you can miss things during a pre-flight inspection.

If you miss damage during the pre-flight, then you're not doing a
pre-flight.

My first partnership had 7 other owners. I was putting almost half the
yearly hours on the plane. Basically I was doing the flying and others
were
paying the bills. It was a beautiful arrangement.

Sounds nice. Why didn't the other owners use the plane much?

There were a lot of old guys who were part owners. They basically just
wanted access to a decent plane once or twice a year to go on a trip and
they would fly short trips every other month or so just to stay current. A
couple of them had let their medicals expire possibly because they suspected
they wouldn't pass and they didn't fly at all. I suppose being part owner
in a plane allowed them to stay in touch with their youth for a modest
monthly recurring charge. I don't know and I didn't bother asking. They
were paying their bills and that was good enough for me.