"BigGuy" wrote in message ...
I'm a new plane owner, and in an unusual stroke of luck I own the plane
outright. The problem is that financially I'm not in a position to
maintain it (or own it for that matter...), so I'm looking into various
partnership setups to help offset costs such as fractionals,
co-ownerships and leasebacks.

Well here is the kicker, you'll always have to put in your share of the
maintence cost.
And your share of the fuel used by you, when you fly.
Now if you sell 1/2 to another partner, then you're no longer
the soul owner.
But that half of the total value of the plane should get you
some decent amount of flying hours and maintenance work.
If after you have used up the money from selling half of a
share you still can't afford it. Then you sell the other half
and spend that money renting versus owning.
Or you can sell the whole plane now and spend the money
renting some newer, different, faster, roomier and no
worries about tie down fees, maintenance fees all you'll
have to do is pay the owner to rent his plane.

Ownership is nice, but renting is worry free.

David