Good first partnership or not? 1/6th Cherokee 140 Share in CA

Hi,
I wanted to clarify, if possible, some of my thoughts the
cherokee partnership and see if that helps "steer" the advice.

I've taken 3 months off flying for two main reasons:
My old job was 15min from OAK, so I flew a lot with a great club:
www.alameda-aero.com. My new job is directly under short
final/departure from SQL's runway.
The problem: The club rates at SQL are about 50% higher than at
OAK and it's hard to just go have fun at $100/hr hobbs while also
paying $50/mo membership dues.

About the kitty & plane - the last post I saw mentioned the
$3600/yr as savings towards overhaul... that's not how this club is
operating. The $3600/yr (approx number) is for fixed costs. The
overhaul is expected to come from members pockets - and I understand
this from the beginning.

The concerns I'm hearing from other r.a.o members is making me
seriously think/re-think this partnership. The main things on my mind
right now a
1. Cost of an overhaul (it's the 150hp engine)
2. Potentially long downtime at overhaul
3. Member disagreements when it comes to shelling out $2k-$4k for
the overhaul...

Thanks for your thoughts & concerns - you may just talk me out of
it!
Noah

In article ,
noah wrote:
1. Cost of an overhaul (it's the 150hp engine)
2. Potentially long downtime at overhaul
3. Member disagreements when it comes to shelling out $2k-$4k for
the overhaul...

How about this: Tell the group you'll join for $N (whatever the buy-in
is, I recall it was within reason) PLUS $overhaul/6 *provided* that the
other members also kick in $overhaul/6 for the kitty right now. That way
you know the money will be there when the time comes. If that sounds
outlandish to them, well, how's it going to sound when the engine really
is broke?

--
Ben Jackson

http://www.ben.com/

"noah" wrote in message
om...


Thanks for your thoughts & concerns - you may just talk me out of
it!
Noah


Bah! You'll find something not to like in every deal you consider. Until
you're rich enough to pay for perfection, you gotta take the good with the
bad.

The overhaul isn't a deal-breaker. Just ask the other partners what has
been discussed WRT the upcoming overhaul. You may find they already have it
worked out.

So all 6 of you pay $2,000 each for an overhaul. Or even $3,000 each for a
full firewall forward overhaul. Big deal. That's not a whole lot of money
for the peace of mind of knowing your single engine plane has a new,
reliable engine in it. You don't lose that money, it raises the value of
the airplane and your equity stake in it.

Noah,

I remind my airplane partner every now and then that "the only reason
we are in this partnership is that neither one of us can afford to own
a plane by ourselves."

I would jump at a 6-way that has only one opening, and only 3 flyers
and 2 supporters.

- It not much money (as compared to buying your own).
- You can always sell it (the 5 partners would prolly buy it back from
you).
- you'll get to learn a lot about maintenance - Gluing the nose
fairing back on.
- With only 3 other pilots, the plane shouldn't get tore up much worse
than it already is.
- TBO - Unless you have a reason to overhaul (it's not 135 or
otherwise flying for hire), run it until it starts making metal, or
the compressions get low. This could be 2500 or 3000 hrs.
- HEY IFR - it has a glideslope - you can start on your rating.

Yeah there are downsides, by they all appear manageable.

Things I would avoid:

- six-partnership, but only one or two current members.
- Too expensive or complex of an airplane.
- poor location - too far from home.
- Air plane too junky - not safe - don't fly over water or town...

Mitch N7155A - N10681 -
http://groups.yahoo.com/group/N10681/

"Ed Haywood" wrote in message .com...
"noah" wrote in message
om...


Thanks for your thoughts & concerns - you may just talk me out of
it!
Noah


Bah! You'll find something not to like in every deal you consider. Until
you're rich enough to pay for perfection, you gotta take the good with the
bad.

The overhaul isn't a deal-breaker. Just ask the other partners what has
been discussed WRT the upcoming overhaul. You may find they already have it
worked out.

So all 6 of you pay $2,000 each for an overhaul. Or even $3,000 each for a
full firewall forward overhaul. Big deal. That's not a whole lot of money
for the peace of mind of knowing your single engine plane has a new,
reliable engine in it. You don't lose that money, it raises the value of
the airplane and your equity stake in it.