Wow, thanks a lot for the advice and suggestions. It sounds as though a
leaseback is risky but it can work OK in the right circumstances.
("Work" defined as substantially offsetting expenses, not necessarily
making a profit.) The club owner did talk with me about some of the
factors that affect the plane's earnings -- season, upgrades, cosmetics
and so on.

I'll do some more research and post again when I have more information.

Thanks!