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Potato Chip wrote:
My main issue is probably with the high airframe time. I hope to build time and experience in this plane and then probably sell in 3 to 5 years. The engine will reach its overhaul time in probably another 4 years, about when I want to sell it. It will then have 10,600 hours at that point, which will have exceeded the 5 figure TTSN number threshold, which might have a psychological effect for resale. I appreciate any thoughts you might share! OK, here are a couple. - All the issues you mention can be compensated by a suitable price adjustment. - when you are ready to sell in 3-5 years, your buyers are going to be having the same reservations that you are having now. That might be enough for me to give it a pass right there. On the other hand, if I planned to keep it for a while, it might be OK. IOW, this plane is more attractive to someone who plans to keep it for a while. - a leased airplane can be profitable, or can be a miserable experience. A lot depends on the provisions of the lease contract. Who pays for what? What are you promising to provide? What's your personal access to the plane? Who pays for insurance? What is covered by the insurance? Who does the maintenance? Who decides what maintenance is to be done? If maint is to be done by the lessee and paid for by the lessor, what's the shop rate? Who can terminate the lease and under what terms? Who does scheduling? Who decides which pilots are approved? .... and on and on. Read carefully and remember everything is negotiable. Think about your personal tolerance for having other people use and abuse your property. |
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