The members of the club are owners of the aircraft and all other club
assets, like tools and equipment. Each member holds an 'equity share' which
represents a 1/15 fraction of the club's total asset value. When someone
joins, they buy a share from the club. When they leave, they sell their
share to a new incoming member.

"R. Hubbell" wrote in message
news:xyaCb.185$pY.28@fed1read04...
On Thu, 11 Dec 2003 04:10:33 GMT "SJC Flying Club"
wrote:

Shares are available in a small SF Bay Area club with 2 aircraft, a
pristine1974 Beech Bonanza, and a solid 1974 Cessna 172.

Check out the link below for more information.

http://makeashorterlink.com/?M2DF326C6

To email, remove zxyzNOSPAMzz




What do you mean by shares? A share of a club? How does that work?
Is there some other cost not specified on your page? BTW I really think
that's a great idea to have a Bonanza for the long trips and the venerable
172 for the short hops. I've seen a few clubs that have only low-end
planes and I think they would do better if they had a high performance
plane in their stable.

R. Hubbell