Sounds like if you don't mind taking it up the pooper then Airshares
Elite would be a great deal. It sounds like at least they give you a
kiss while they are f***ing you. :-)

Jon Kraus
PP-ASEL-IA
Student airplane purchaser

Ben Jackson wrote:
In article ,
Teranews \(Daily\) wrote:

Is anyone familiar with Airshares Elite? They sell 1/8 shares of a Cirrus
SR22.


They really bury the pricing, but I found the PDF for Boston:

You pay for 1/8th of their marked up price of $520,000 (the base price
of a new SR22-G2 is $335,000). That entitles you to pay the $710/mo fee
and 75hrs/year @ $75/hr. If you fly all 75 hours that works out to be
$188/hr.

After four years, assume you elect to sell it. There's no comparable used
SR22 (in theory the airshares plane might have 2000 hours on it and a run-
out engine). Let's say it sells for $250,000 and you get 1/8th of that
back. Then your net hourly cost (assuming you flew all the possible hours)
is $300/hr. I can't even tell if that's wet or dry.

The closest comparison I could find was Skyventures, in New York, which
rents SR20's for $210/hr + tax. Air Orlando has a SR-22 G2 for $219/hr,
or $197/hr in 30 hour blocks.