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#1
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gatt writes:
Thanks for clearing that up for all the pilots and aircraft owners, Anthony. I'm sure without your experience it would never occur to them. It certainly would never occur to some of them, given the exceptions of which I've become aware. |
#2
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Mxsmanic wrote in
: gatt writes: Thanks for clearing that up for all the pilots and aircraft owners, Anthony. I'm sure without your experience it would never occur to them. It certainly would never occur to some of them, given the exceptions of which I've become aware. You're not aware of anything outside your own colon. Bertie |
#3
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"Mxsmanic" wrote in message
... Larry Dighera writes: Why? They might total the airplane that you share. They might not maintain it properly. They might damage it without telling anyone. There are many possibilities. Totaling the aircraft is a non-issue. That's what insurance is for. Damage is a non-issue. That's what the pre-flight is for. It requires that they be responsible adults, preferably business people who can afford to own 1/3 of an aircraft. Many adults aren't that responsible. Pilots get themselves killed often enough; why would they be any more cautious for someone else's sake? I've been in a couple of shared ownership situations and have had no problems. The biggest concern is actually a deadbeat partner that doesn't cover their share of the recurring fixed costs. That's why a good up-front agreement with collection abilities is a must. My first partnership had 7 other owners. I was putting almost half the yearly hours on the plane. Basically I was doing the flying and others were paying the bills. It was a beautiful arrangement. |
#4
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Mike writes:
Totaling the aircraft is a non-issue. That's what insurance is for. Damage is a non-issue. That's what the pre-flight is for. The greater the number of aircraft totaled, the higher the insurance premiums, so it's not quite a non-issue. And you can miss things during a pre-flight inspection. My first partnership had 7 other owners. I was putting almost half the yearly hours on the plane. Basically I was doing the flying and others were paying the bills. It was a beautiful arrangement. Sounds nice. Why didn't the other owners use the plane much? |
#5
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Mxsmanic wrote in
: Mike writes: Totaling the aircraft is a non-issue. That's what insurance is for. Damage is a non-issue. That's what the pre-flight is for. The greater the number of aircraft totaled, the higher the insurance premiums, so it's not quite a non-issue. And you can miss things during a pre-flight inspection. My first partnership had 7 other owners. I was putting almost half the yearly hours on the plane. Basically I was doing the flying and others were paying the bills. It was a beautiful arrangement. Sounds nice. Why didn't the other owners use the plane much? Probalby couldn't fly./ Like you. Bertie |
#6
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Sounds nice. Why didn't the other owners use the plane much?
Because people are often poor estimators of time. In the case of partners/flying club members in aircraft, pilots are often high-achieving, hard-working folks who lead busy lives. I call them "doers". Doers *think* they're gonna fly every other day, just like they think they can (and often do) accomplish anything, so they get involved in owning an airplane -- only to discover that their lives are already full. So, flying becomes something they can only do as time permits -- and there isn't a lot of unused time in a doers life. So, the planes tend to sit a lot. It's a sweet deal if you have more available time than the other partners. -- Jay Honeck Iowa City, IA Pathfinder N56993 Ercoupe N94856 www.AlexisParkInn.com "Your Aviation Destination" |
#7
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"Mxsmanic" wrote in message
... Mike writes: Totaling the aircraft is a non-issue. That's what insurance is for. Damage is a non-issue. That's what the pre-flight is for. The greater the number of aircraft totaled, the higher the insurance premiums, so it's not quite a non-issue. And you can miss things during a pre-flight inspection. If you miss damage during the pre-flight, then you're not doing a pre-flight. My first partnership had 7 other owners. I was putting almost half the yearly hours on the plane. Basically I was doing the flying and others were paying the bills. It was a beautiful arrangement. Sounds nice. Why didn't the other owners use the plane much? There were a lot of old guys who were part owners. They basically just wanted access to a decent plane once or twice a year to go on a trip and they would fly short trips every other month or so just to stay current. A couple of them had let their medicals expire possibly because they suspected they wouldn't pass and they didn't fly at all. I suppose being part owner in a plane allowed them to stay in touch with their youth for a modest monthly recurring charge. I don't know and I didn't bother asking. They were paying their bills and that was good enough for me. |
#8
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Mxsmanic wrote in
news ![]() Larry Dighera writes: Not so. Sharing a plane among three or four pilot/owners makes it affordable and fun. That requires a great deal of trust in the other pilots/owners. Whoosh Bertie |
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