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new plane owner wanting to reduce costs right away...



 
 
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Old May 17th 06, 05:29 PM posted to rec.aviation.owning
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Default new plane owner wanting to reduce costs right away...

posted this just now in rec.aviation.piloting, but now thinking this
might have been a better place, apologies for the dup posting

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.

Thought I'd post "yet another question" about which of these
partnerships might be more viable than the others given my ownership.
most of the reading that I've done thru this group and in various other
articles thru out the web seem to be geared towards a partnership where
the plane is still being paid for by the partners. I'd assume that a
partnership where the plane is already paid for would allow for a more
attractive buy in given the possibility of a lower buy in price to
cover the operating expenses, as well as a lower cost per hour to the
partner.

If I form a partnership where the other partners pay some amount in to
a general fund as the seed money how would my share get paid in? I'm
not interested in putting X grand into the pot since I'm placing the
plane into the partnership with a paid in full status and wanting to
keep my share of the valuation - how would this work?

these questions and more I'm sure, thanks in advance

 




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