On Fri, 06 Feb 2004 03:00:54 GMT "SJC Flying Club" wrote:

Thanks, we really like them too. It's great to be able to fly a cherried
out V35B for the same price that the local FBOs charge for a late model
Archer or Skyhawk.

That's a great thing indeed.



The club owns both aircraft, and each member has an equal equity share of
the net asset value of the planes and equipment.


But someone bought them to start the club with cash?

I'm finding that plane financers distinguish between a loan that I take out
for a plane that I fly and a loan that I take out to lease back to a club.
I'm not clear on the reasons why they do that. As long as they get paid
what difference does it make to them? (that's rhetorical, unless you know


20 vs. 10 years or less. It's an important difference if a plane doesn't fly
enough during a given month.

Good luck on finding new members!

R. Hubbell



"R.Hubbell" wrote in message
...
On Thu, 05 Feb 2004 19:15:41 GMT "SJC Flying Club"
wrote:

Shares are available in a small SF Bay Area club with 2 aircraft, a
pristine
V-tail Beech Bonanza, and a nice1974 Cessna 172M.

Check out the link below for more information.

http://makeashorterlink.com/?M2DF326C6

To email, remove zxyzNOSPAMzz




Nice planes, does your club own the planes or are they on lease
back? If on leaseback do you have a 20 year loan or something shorter?


R. Hubbell