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#11
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Why haven't rental rates come back down?
On May 7, 4:24*pm, Dallas wrote:
So what is going on? *Is there some invisible expense increase at FBOs that's keeping their prices up or do they not understand the laws of price and demand? -- Dallas I think that many FBOs were just losing money during the fuel increases and are now recouping. -Robert |
#12
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Why haven't rental rates come back down?
On Mon, 11 May 2009 15:13:50 -0700 (PDT), Robert M. Gary wrote:
I think that many FBOs were just losing money during the fuel increases and are now recouping. I'm sure you are right, but that's a goofy way to run a business... It uses the assumption that the same number of rentals will occur at any price. Given that they call around to check each other's prices, once everyone's price has floated upwards, they feel comfortable leaving them there. They love the new profit margins and no one considers dropping their price. When the rental volume drops, they blame it on the recession and use that as further reason to hang on to the increased margins. They don't understand they've exacerbated the effects of their recession by choking off demand with higher prices. -- Dallas |
#13
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Why haven't rental rates come back down?
Dallas wrote in
: An old 1970's Cessna 172 costs $120 an hour. It wasn't that long ago you could get a factory new Skyhawk SP with a G1000 for $120. My FBO/Flight School charges $95.00 (wet) for a 172, a $3 increase from last year. 15G http://skyparkaviatorsclub.com/skypa.../indexnew2.php |
#14
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Why haven't rental rates come back down?
On Tue, 12 May 2009 20:07:24 GMT, Bob wrote:
My FBO/Flight School charges $95.00 (wet) for a 172, a $3 increase from last year. Those are sweet prices. I hope you appreciate the good deal you've got going there. -- Dallas |
#15
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Why haven't rental rates come back down?
On 05/13/09 10:54, Dallas wrote:
On Tue, 12 May 2009 20:07:24 GMT, Bob wrote: My FBO/Flight School charges $95.00 (wet) for a 172, a $3 increase from last year. Those are sweet prices. I hope you appreciate the good deal you've got going there. Not to make you feel worse, but in my club, we rent IFR-certified 172s for around $80 wet. Plus we have great insurance for a club membership fee of $19/month. -- Mark Hansen, PP-ASEL, Instrument Airplane, USUA Ultralight Pilot Cal Aggie Flying Farmers Sacramento, CA |
#16
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Why haven't rental rates come back down?
Mark Hansen wrote in
: On 05/13/09 10:54, Dallas wrote: On Tue, 12 May 2009 20:07:24 GMT, Bob wrote: My FBO/Flight School charges $95.00 (wet) for a 172, a $3 increase from last year. Those are sweet prices. I hope you appreciate the good deal you've got going there. Not to make you feel worse, but in my club, we rent IFR-certified 172s for around $80 wet. Plus we have great insurance for a club membership fee of $19/month. No yearly or monthly membership fees. Club has a bonus program that actually lowers the prices for members. Deposit at least $300 in your account, and get a 20% bonus. This brings the cost of a 172 down to $79.00. We are also reimbursed for fuel if we have to buy it at another airport. One of the busiest flight schools in the area. Several distinguished graduates, including a several astronauts. |
#17
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Why haven't rental rates come back down?
On 05/14/09 07:06, Bob wrote:
Mark Hansen wrote in : On 05/13/09 10:54, Dallas wrote: On Tue, 12 May 2009 20:07:24 GMT, Bob wrote: My FBO/Flight School charges $95.00 (wet) for a 172, a $3 increase from last year. Those are sweet prices. I hope you appreciate the good deal you've got going there. Not to make you feel worse, but in my club, we rent IFR-certified 172s for around $80 wet. Plus we have great insurance for a club membership fee of $19/month. No yearly or monthly membership fees. Club has a bonus program that actually lowers the prices for members. Deposit at least $300 in your account, and get a 20% bonus. This brings the cost of a 172 down to $79.00. We are also reimbursed for fuel if we have to buy it at another airport. One of the busiest flight schools in the area. Several distinguished graduates, including a several astronauts. Sounds great. What kind of insurance do you get for that? Like I said, at my club, the members are all "named insureds" on the club policy, so we are completely covered (1M total/100K per seat, full hull damage, etc.). The club even pays the deductible in the event of an accident. I was very happy to find this club. At other rental outlets in the area, I was going to have to pay over $100/hr for a plane and still have to deal with my own insurance. Regards, -- Mark Hansen, PP-ASEL, Instrument Airplane, USUA Ultralight Pilot Cal Aggie Flying Farmers Sacramento, CA |
#18
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Why haven't rental rates come back down?
Club has a bonus program that
actually lowers the prices for members. Deposit at least $300 in your account, and get a 20% bonus. This brings the cost of a 172 down to $79.00. I *really* have to go to the US to do some serious flying soon. I'm currently renting a 172R for €175 ($237) per hour wet...and it's not even IFR certified in Germany. It has the U.S. standard IFR avionics but Germany requires a DME in addition to all the other stuff. When was the last time you heard "expect localizer/DME approach"? :-( |
#19
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Why haven't rental rates come back down?
On Wed, 13 May 2009 11:10:40 -0700, Mark Hansen wrote:
Not to make you feel worse, but in my club, we rent IFR-certified 172s for around $80 wet. Well, you made me feel worse anyway. :- ) You guys are proving to me that there hasn't been any structural increase in the expense of running a flight school/rental operation. These guys in the DFW area have just colluded to hold their prices up. -- Dallas |
#20
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Why haven't rental rates come back down?
On Thu, 14 May 2009 18:29:55 +0200, Kai Rode wrote:
I *really* have to go to the US to do some serious flying soon. I'm currently renting a 172R for ¤175 ($237) per hour wet... *Now* I feel better. :- ) -- Dallas |
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