What are your thoughts on.....

Hey,
Sorry, don't know anything about my server blocking my
emails...but i added your domain to my safelist on my hotmail account,
so if you still really want to email me, you can. Of course, you
could always reply in the newsgroup too!
Benjamin

I tried to email you but your email system rejected my address:

"Ben" wrote in message
om...
Well, how would you respond to this kind of proposal? let me know!

It depends. But sure, if structured right, as an airplane owner I would
consider something like that.

Without a capital investment, you would expect less than full partnership
benefits, while being expected to pay full rate for your fair share of
operating expenses. That means that you'd pay the pro-rata share of fixed
costs, plus all hourly costs incurred by you. At the same time, you would
not have priority for scheduling, you would have no say in how maintenance
on the airplane was done, nor on how to manage the fixed costs, that sort of
thing.

Also keep in mind that I don't know what the legality of something like this
would be. As an owner, I wouldn't make such an offer to just anyone. It'd
have to be someone I know well and whom I'd otherwise consider for
partnership in the airplane. I also wouldn't go out of my way to mention
the arrangement to the FAA. Some inspector might get the mind to call such
an arrangement a lease, even though IMHO it's clearly a partnership of
sorts.

If you or the owner are really worried about the legality, you could even
draw up some sort of partnership papers that outline your rights (or lack
thereof) as a partner, and your investment (or lack therof).

Pete

Well Im also a senior in high school, but I think I have it easy right
now. I have about 200 hours and a fresh IFR ticket. I talked my Dad into
buying a plane, A PA-24-250 about 3 months ago now. I have been trying
to fly around 3 time a week and 1-2 x-countrys. But the gas does get
costly. The cheapest way is to find friends that like to fly, and other
people at the airport and spilt the cost right down the middle. That
makes it alot cheaper. My dad works about 150 miles from our house and
he stays at my grandmas during the week, but he has me pick him up
sometimes. So I get a few hours doing that. But the best way is finding
people at the airport and trade off doing saftey pilot.

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In article ,
Tony wrote:
Well Im also a senior in high school, but I think I have it easy right
now. I have about 200 hours and a fresh IFR ticket. I talked my Dad into
buying a plane, A PA-24-250 about 3 months ago now. I have been trying
to fly around 3 time a week and 1-2 x-countrys. But the gas does get
costly.

If you just want to build time you should be pulling the power back
to 45%! Or you should have talked your dad into the PA-24-180. ;-)

--
Ben Jackson

http://www.ben.com/

On 16 Mar 2004 17:12:58 -0800, (Ben) wrote:

Hello,
As a senior in high school, i was able to get my private pilot's
license on dec 31, 2003. i love flying(what pilot doesn't, right?)
but i'm looking for a cheaper way to build hours then renting. i was
just playing with an idea, and i wanted your responses. Would an
airplane owner ever offer to share operating expenses for payment to
share a plane? i know that i would have to be put on an insurance
plan, and i of course would pay for over half of the owners insurance
payement, plus whatever kind of costs for annuals and other
inspections. i know this is almost like co-ownership, but i don't
have the resources to be buying a plane. I'm not trying to ask for
something for nothing, as i've said, i'll pay for operating and
insurance costs, as agreed with an owner.

Go to the airport. Hang out. Help people. Make friends. There are
a lot of planes that sit idle that could use the 'exercise'. The
difficult part will be getting someone to trust you enough to accept
the risk of letting someone else fly their plane.

Where are you based?

-Nathan

Worthington, MN (OTG)


Where are you based?

-Nathan

(Ben) wrote in message . com...

Well, how would you respond to this kind of proposal? let me know!


Negatively. While I understand your monetary dilemna, I have no
incentive for letting a high school senior, with no financial interest
in my plane, fly it. Sorry, but you asked how I would respond.

On the brighter side, you may find some owner whose plane is not
flown regularly. Surprisingly, a lot of folks work hard making the
money to afford the plane, then don't have time to fly it. Planes
that are not flown regularly begin to deteriorate. If you can find
this kind of owner, you might find someone who is receptive to your
proposal. I know a few folks that have pulled it off successfully
in the past. You will have to make the deal sound very attractive to
the time-strapped owner, so I suggest you sweeten the deal by offering
to perform some basic maintenance (oil changes, etc...) and cleaning
of the bird.

Good Luck,

John Galban=====N4BQ (PA28-180)

Ben wrote:

As a senior in high school, i was able to get my private pilot's
license on dec 31, 2003. i love flying(what pilot doesn't, right?)
but i'm looking for a cheaper way to build hours then renting. i was
just playing with an idea, and i wanted your responses. Would an
airplane owner ever offer to share operating expenses for payment to
share a plane?

I certainly would not consider doing that with a minor who has no assetts or
money. It's my house they're going to take if you run up more damages than the
insurance will cover, and, in this neck of the woods, 1 million doesn't cover a
whole lot.

George Patterson
Battle, n; A method of untying with the teeth a political knot that would
not yield to the tongue.

Welllll.....

Here is what happened here...

One of our partners is 24, working as a flight instructor and
pushing airplanes around...

He has little "up front cash" to invest...

But he is a "partner" with enough shares on paper to qualify
as a "part owner" .

The other 3 of us could each write a cheque for the airplane,
but operating costs are another matter (as most reading this NG are
aware) ....So our airplane HAS TO FLY, and we need enough GOOD pilots
involved to fly the thing 200 + hrs./yr.

This guy is a GOOD pilot, (commercial IFR) and is a
responsible person. He is the one who washes the aircraft when he is
slack,( the other "instructors" would not stop so low). He
sweeps/washes the floor, helps ANYONE pushing/handling their plane,
and is far and away the the best employee at the FBO, even when no
one is looking.

One of our partners is 73 (retired Airline Capt, 31000+ hrs)
who, because of age, "needs a checkout" G every 6 months for the
insurance co.

Guess who does this?

And is weather comes in, he is close by to check the tiedowns
etc. on "his" airplane...

Works for us anyway...

A senior in high school? That would be a reach. Personally I
think you should be able to bring some "value" to the partnership. Our
young "partner" (IMHO) brings significant value to our project..

Lotsa bucks up front was not the most important issue with
us...

YMMV...

Dave




On 16 Mar 2004 17:12:58 -0800, (Ben) wrote:

Hello,
As a senior in high school, i was able to get my private pilot's
license on dec 31, 2003. i love flying(what pilot doesn't, right?)
but i'm looking for a cheaper way to build hours then renting. i was
just playing with an idea, and i wanted your responses. Would an
airplane owner ever offer to share operating expenses for payment to
share a plane? i know that i would have to be put on an insurance
plan, and i of course would pay for over half of the owners insurance
payement, plus whatever kind of costs for annuals and other
inspections. i know this is almost like co-ownership, but i don't
have the resources to be buying a plane. I'm not trying to ask for
something for nothing, as i've said, i'll pay for operating and
insurance costs, as agreed with an owner.

Well, how would you respond to this kind of proposal? let me know!

Thanks in advance,
Benjamin

If you want to email me....
#b#a#s#o#g#@#r#r#c#n#e#t#.#o#r#g#

(Ben) wrote in message . com...
Would an
airplane owner ever offer to share operating expenses for payment to
share a plane?

A lot of airplane owners do this.

To simplify, they calculate the cost per hour based on the hourly
operating cost and the fixed cost (stuff like insurance, oil changes,
etc) per expected number of hours used, and use that calculated hourly
cost as a basis for collecting payments.

This arrangement is usually called "renting."