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#1
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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. |
#2
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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? |
#3
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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 |
#4
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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" |
#5
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Jay Honeck writes:
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. It certainly sounds like it would be great for someone who has reasonable money _and_ some free time on their hands. It's true that many people who have lots of money also have almost no free time, and vice versa. Having both money and time is a hard problem. I know that it's very easy to make millions of dollars, if one is willing to sacrifice all waking hours to the task, but I don't see the point in having millions if you spend 16 hours at work, seven days a week. Being born into money gets around this issue, but unfortunately that is the luck of the draw, not something one can arrange. Sometimes one can make lots of money, invest it, and live off the proceeds without having to work, but even where this is possible, it often occurs so late in life that health concerns limit its utility. There's not much advantage in being able to buy your own aircraft if you're confined to a wheelchair by the time you've accumulated the money. |
#6
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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. |
#7
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Mike writes:
If you miss damage during the pre-flight, then you're not doing a pre-flight. So the crash of Japan Air Lines flight 123 was the pilot's fault, since he missed the damage to the bulkhead. |
#8
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"Mxsmanic" wrote in message
... Mike writes: If you miss damage during the pre-flight, then you're not doing a pre-flight. So the crash of Japan Air Lines flight 123 was the pilot's fault, since he missed the damage to the bulkhead. You mean the damage which was improperly repaired almost 10 years prior? Do you even know what a bulkhead is? |
#9
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Mike writes:
You mean the damage which was improperly repaired almost 10 years prior? Yes. Why didn't he catch it on the preflight? You said that if you miss damage on a preflight, you're not doing a preflight. Do you even know what a bulkhead is? Yes. Apparently the pilot of that aircraft didn't do a preflight inspection, because you've indicated that the only way to miss damage is to not preflight the aircraft. |
#10
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"Mxsmanic" wrote in message
... Mike writes: You mean the damage which was improperly repaired almost 10 years prior? Yes. Why didn't he catch it on the preflight? You said that if you miss damage on a preflight, you're not doing a preflight. Do you even know what a bulkhead is? Yes. Apparently the pilot of that aircraft didn't do a preflight inspection, because you've indicated that the only way to miss damage is to not preflight the aircraft. What part of improperly repaired do you not understand? |
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