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Andrew Gideon wrote:
One of the many things I like about the club to which I belong is that the owner of the aircraft is the club...in other words, the members. So there's no "owner" making choices; just the members. That avoids any motivational conflict. [It also makes for an excellent training ground for ownership.] - Andrew Paramus Flying Club http://flyingclub.org/ Good points.. The club I was in was 100% leaseback. BUT.. the way things worked.. planes with chronic squawks or issues didn't rent much compared to others in the fleet. If the plane wasn't well kept, wasn't reliable (even with minor stuff) then the consumer didn't rent it (club members). After two months of not renting enough to even generate enough revenue to cover its insurance premium, the board would usually "ask" the owner to remove his plane, lower the rental rate, or address the concerns. More than one plane/owner was fired in this manner. Dave |
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Thread | Thread Starter | Forum | Replies | Last Post |
Single-Engine Partnership vs. Used vs. Flying Clubs | [email protected] | Owning | 16 | January 14th 06 06:56 AM |