Welllll.....

Here is what happened here...

One of our partners is 24, working as a flight instructor and
pushing airplanes around...

He has little "up front cash" to invest...

But he is a "partner" with enough shares on paper to qualify
as a "part owner" .

The other 3 of us could each write a cheque for the airplane,
but operating costs are another matter (as most reading this NG are
aware) ....So our airplane HAS TO FLY, and we need enough GOOD pilots
involved to fly the thing 200 + hrs./yr.

This guy is a GOOD pilot, (commercial IFR) and is a
responsible person. He is the one who washes the aircraft when he is
slack,( the other "instructors" would not stop so low). He
sweeps/washes the floor, helps ANYONE pushing/handling their plane,
and is far and away the the best employee at the FBO, even when no
one is looking.

One of our partners is 73 (retired Airline Capt, 31000+ hrs)
who, because of age, "needs a checkout" G every 6 months for the
insurance co.

Guess who does this?

And is weather comes in, he is close by to check the tiedowns
etc. on "his" airplane...

Works for us anyway...

A senior in high school? That would be a reach. Personally I
think you should be able to bring some "value" to the partnership. Our
young "partner" (IMHO) brings significant value to our project..

Lotsa bucks up front was not the most important issue with
us...

YMMV...

Dave




On 16 Mar 2004 17:12:58 -0800, (Ben) wrote:

Hello,
As a senior in high school, i was able to get my private pilot's
license on dec 31, 2003. i love flying(what pilot doesn't, right?)
but i'm looking for a cheaper way to build hours then renting. i was
just playing with an idea, and i wanted your responses. Would an
airplane owner ever offer to share operating expenses for payment to
share a plane? i know that i would have to be put on an insurance
plan, and i of course would pay for over half of the owners insurance
payement, plus whatever kind of costs for annuals and other
inspections. i know this is almost like co-ownership, but i don't
have the resources to be buying a plane. I'm not trying to ask for
something for nothing, as i've said, i'll pay for operating and
insurance costs, as agreed with an owner.

Well, how would you respond to this kind of proposal? let me know!

Thanks in advance,
Benjamin

If you want to email me....
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