wrote in message
...
I'm currently in "ground school" and hope to begin my actual flight
instruction soon. I will need to keep a close eye on the costs involved.

Some classmates are tossing around the idea of us purchasing a plane as a
group, doing our training, and then selling the plane. When our training
s
completed, we would either sell to a "third party" buyer or allow some
group
members who want to keep and share the plane to "buy back" shares from
other
members at a discount.

Does anybody out there have any experience with such a scheme? Is this
really practical? Any solid info about legal requirements, insurance
issues, maintenance and storage costs, or tips for purchasing / selling a
plane would be appreciated.

It works if you have the right people. My dad always had partners...

Talk to an attorney about setting up a corperation to actually own it and
defining how to dissolve it when you are done, or someone decides to bail,
or someone doesn't hold up their end.

Expect that a minority of the people involved will do most of the work and
most of the flying.

--
Geoff
The Sea Hawk at Wow Way d0t Com
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