Need advice about leaseback

"Andrew Gideon" wrote in message online.com...
R. Hubbell wrote:

Start a club, make this the first plane. Get a 172 as soon as you can to
attract new pilots (and new members). The plane can be flown a little
cheaper in a club then on lease-back with an FBO.

Wouldn't this involve far higher insurance costs than private ownership or
even a partnership? How it would compare to something on lease-back, I've
no idea.

Once you have a policy that lets random people fly the plane the insurance is
going to triple over owner-flown aircraft. It depends how this shared across
all the club members and the other savings as to whether it is going to save money.

If limited your club/coownership/corp to 5 members or less, and each member
is listed as a named insured, then the insurance is about the same as
private ownership, and based on the lowest time owner.

The sixth owner caused the 3X increase.

Mitch - at least that's what they told me about 2 years ago...


"Ron Natalie" wrote in message
. ..

"Andrew Gideon" wrote in message
online.com...
R. Hubbell wrote:

Start a club, make this the first plane. Get a 172 as soon as you can
to
attract new pilots (and new members). The plane can be flown a little
cheaper in a club then on lease-back with an FBO.

Wouldn't this involve far higher insurance costs than private ownership
or
even a partnership? How it would compare to something on lease-back,
I've
no idea.

Once you have a policy that lets random people fly the plane the insurance
is
going to triple over owner-flown aircraft. It depends how this shared
across
all the club members and the other savings as to whether it is going to
save money.

Mitch wrote:

If limited your club/coownership/corp to 5 members or less, and each
member is listed as a named insured, then the insurance is about the same
as private ownership, and based on the lowest time owner.

The sixth owner caused the 3X increase.

Even if the sixth (and seventh, eighth, ... fortyfifth) is named?

- Andrew