For Jay Beckman

Jeff,

Yes, the Comanche is old, however it does have a Garmin 430, nice
autopilot, and 84 gals of fuel.

We are looking at a proposal to sell the Arrow and replace it with a
1998 or newer 182 with a Garmin GPS. If we did this, we would need to
increase the buy-in from $2,000 to $4,000 and the monthly dues from $85
to $100. The new 182 would rent for $93/hr (tach time) wet, same price
as the Arrow goes for right now.

Would this make our club more or less attractive to you? Just
wondering how prospective members would view this plan.

Thanks,
Dan




Jeff wrote:
I was looking at phoenix flyers, that comanche looked pretty old, but I only
hear good things about those planes.

Dan wrote:

I'll also put in a shareless plug for Phoenix flyers, a non-profit
member-owned flying club. Excellent rates and good maintenance on 2
Archers, 1 Arrow, and 1 Commanche 260 based at CHD and DVT.

www.phoenixflyers.org for more info.


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"Dan" wrote

We are looking at a proposal to sell the Arrow and replace it with a
1998 or newer 182 with a Garmin GPS. If we did this, we would need to
increase the buy-in from $2,000 to $4,000

That is a pretty sizable jump. Any way you can do it for a little less,
like perhaps a little more per hour?

That would be my suggestion. Big amounts of "cash right now" is harder for
some to manage, than more spread out along a longer time.
--
Jim in NC

True... although we are looking to spend $200k. Also, a member gets
their buy-in back if they ever leave the club...

--Dan

Morgans wrote:
"Dan" wrote

We are looking at a proposal to sell the Arrow and replace it with a
1998 or newer 182 with a Garmin GPS. If we did this, we would need to
increase the buy-in from $2,000 to $4,000

That is a pretty sizable jump. Any way you can do it for a little less,
like perhaps a little more per hour?

That would be my suggestion. Big amounts of "cash right now" is harder for
some to manage, than more spread out along a longer time.
--
Jim in NC

"Dan" wrote in message
ups.com...
True... although we are looking to spend $200k. Also, a member gets
their buy-in back if they ever leave the club...



I don't understand quite how that works with a club. It seems that you could
give it back if there were someone else to buy it but what happens if you
loose a few members right at TBO time and the club doesn't have the cash?

We set aside reserve monies for TBO. If a few members want to leave,
and for some reason we don't have the cash (rare) we can obtain
financing against the aircraft. There is quite a bit of equity there
(over 3x the share price x # of members). We have 54 members at $2k
each right now, with 4 planes.

--Dan



Gig 601XL Builder wrote:
"Dan" wrote in message
ups.com...
True... although we are looking to spend $200k. Also, a member gets
their buy-in back if they ever leave the club...



I don't understand quite how that works with a club. It seems that you could
give it back if there were someone else to buy it but what happens if you
loose a few members right at TBO time and the club doesn't have the cash?