Flying Club Costs

PInc972390 wrote:

It turns out there is a flying club based here that I didn't even know
about!


My experience is

Best
$ 12000.00 182 in 1985, whole owner, sold in 1987 for $ 12000.00 flew 800 hours
with no major repairs.

Close Second

$ 20000.00 Aero Commander 100. 1999 till present. Have flown about 1000 hours
with radio up grades mostly.

Medium

$ 15000.00 Mooney in 1982, one other partner. Worked OK but partners Wife kept
chaos going on with Bank and CPA. Sold in 1983 for same money. 100 hrs annual
only.

Worst

$5000.00 in a flying club in 1987 for a 3 year old 172. Beautiful airplane.

Flew about 100 hours at prices just below rental rates.

Two Doctors, Hospital Administrator, Head Nurse ran it out of gas stalled and
flipped it on it's back killing all four. TERRIBLE, especially when finished
with the lawsuits, just because you knew them.

Glad to forfeit my $ 5000.00 Initial, The maintence retainer and the Lawyer
fees.

If you get into a club be sure it is chartered and has the language to protect
you.

Our club is incorporated. Is that what you mean by "chartered?"

Matt