"The Weiss Family" wrote in message
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At first I thought, well I pay $89/hr for a 172 rental right now.
$80/hr is a deal.
If you are buying renter's insurance (and you probably should be) your
effective hourly rate is considerably higher than $80/hr. I assume (perhaps
wrongly) that you are covered for hull damage in the flying club.
However, if there is $$$ left over, where does it usually go?
Is a flying club a "for profit" business?
That depends, I have seen "flying clubs" that were, in fact, actually
businesses. If it is a true flying club, the handling of excess revenues would
be addressed in the club documents. They could be retained as a reserve for
unexpected expenses and/or they could somehow be returned to the members.
Vaughn
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