C-152 Leaseback: what's the scoop?

That's not true.

Jim




Oops! You can't do this without a Part 135 certification/approval.
The catch is providing the plane that you instruct in.

On Jul 11, 1:48*pm, "RST Engineering" wrote:
That's not true.

Please explain how one gets around the 'holding out" restriction
without the 135 certificate?
Even AOPA will warn you about this "commercial privileges trap".


Jim



Oops! *You can't do this without a Part 135 certification/approval.
The catch is providing the plane that you instruct in.

"RST Engineering" wrote in
m:

That's not true.



Yeah, I don't see what 135 has to do with instructing either, unless
they've changed something!




Oops! You can't do this without a Part 135 certification/approval.
The catch is providing the plane that you instruct in.

"gatt" wrote in message
...

The owner of FBO was a family member's partner on the police force, is a
retired Marine, former mayor, retired sheriff, city commissioner, owns a
successful FBO and the fuel operation. Did my IFR, Commercial and will
have finished my CFI with him very soon. His integrity and honesty are
unimpeachable.

Right now he only has one C-152 in the fleet because the previous owner
with a leaseback arrangement sold out for a larger aircraft. So there are
four IFR 172s, and Arrow, a 182 and a 310, but only one primary trainer.
There are a number of CFIs who are keeping busy enough that in the summer
you have to book the airplane out a week in advance, so there's no
shortage of work, and I will be working out of there as an independent
instructor as soon as possible.

Prospective students are heading over to the more expensive "academy"
because they have 152s available, but the training and rental fees are
ridiculous. Seems like a leaseback on a 152 would be a win-win situation
given that my family has known and respected him since shortly after World
War II. He did most of my ground school gratis--does that for most--and
except for a flat $100/mo. fee, the instructors keep 100% of the hourly
instruction rate.

I hear all kinds of horror stories about leasebacks, but this seems like a
much better than average prospect but I want to make sure I know what I'm
doing before I get into something like that.

Comments/experience?

Thanks in advance!

-c




Gatt you been in my C-150M it runs and flys good since I am so busy I am
concedering a leaseback if i can make some money or a sale, If I sell it I
will put it in a box and sent it to Korea they paying $35k+ for Crated....
for M model 150's and 152...

If anyoneknow of 152's for sale I have a buyer in Korea hahahahaha,,, they
looking for 40 to 50 of them will ship em 3 to a container!

I love this weak us dollar : )

NW_Pilot wrote:

Gatt you been in my C-150M it runs and flys good since I am so busy I am
concedering a leaseback if i can make some money or a sale

Yeah, that's a sweet little airplane.

Would Aero Maintenance do it? I can talk to Gorge Winds if you want but
I don't know if he's got room anymore. Marv's probably pretty stoked,
though; they were rolling P-2s and P-3 firebombing sorties out of there
all day, and guess who got to sell them fuel.

I love this weak us dollar : )

If the media ever quits whining and howling about it, people will catch
on that now's the time to start investing. The rest of the world
figured it out but so many Americans seem to be mush-minded and
terrified of the economic cycle. (Most of the damage that happened to
the American economy happened when the dollar was strongest, such as the
housing and dot com bubbles.)


-c

"Martin Hotze" wrote in message
...
gatt schrieb:
I hear all kinds of horror stories about leasebacks, but this seems like
a much better than average prospect but I want to make sure I know what
I'm doing before I get into something like that.

Comments/experience?

if there is so much expected business than he won't need you for a
leaseback. What's the cost of a usable C150/152?
http://www.aso.com/ lists them from USD 16,500 to USD 65,500. I'd say for
30 AMU you'll get a usable plane. Why does he want a leaseback?

Most flight schools operate with leasebacks to some degree. It allows them
to have a larger fleet with less credit extended, and the risk for them is
zero.

Leasebacks can be a good deal for the owner given the right situation. The
biggest risk is if the plane goes down for damage or something big like an
engine overhaul. The insurance is astronomically high, especially if the
plane is used as a primary trainer, and most insurance companies won't let
you reduce coverage unless the plane is down for more than 60 days. As such
there is a certain degree of risk in them so they shouldn't be entered into
lightly unless you can well afford it. The thing to ask yourself is, if the
engine blows up on day one do I have the cash or credit available to pay for
the overhaul, pay all the expenses, and do without the income for a couple
of months? If the answer is no, you shouldn't enter into the agreement
regardless of how favorable the terms are.

Martin Hotze wrote:

if there is so much expected business than he won't need you for a
leaseback. What's the cost of a usable C150/152?
http://www.aso.com/ lists them from USD 16,500 to USD 65,500. I'd say
for 30 AMU you'll get a usable plane. Why does he want a leaseback?

He just purchased the entire fuel operation for the airport, plus two or
three C-172s and a $250K flight simulator. There was a C-152 on
leaseback but the owner sold it for a larger airplane, so there's an
empty tiedown marked "RESERVED FOR FLIGHT SCHOOL" where the second C-152
used to be.

-c

The hot setup is where you provide an aluminum tube and the lessee provides
fuel, scheduled maintenance, and insurance. That way if the aircraft isn't
used much, all you are out is the cost of the airplane which you should be
able to recover if you bought it right.

Jim

--
"It is the mark of an educated mind to be able to entertain a thought
without accepting it."
--Aristotle


"gatt" wrote in message
...
Martin Hotze wrote:

if there is so much expected business than he won't need you for a
leaseback. What's the cost of a usable C150/152?
http://www.aso.com/ lists them from USD 16,500 to USD 65,500. I'd say for
30 AMU you'll get a usable plane. Why does he want a leaseback?

He just purchased the entire fuel operation for the airport, plus two or
three C-172s and a $250K flight simulator. There was a C-152 on leaseback
but the owner sold it for a larger airplane, so there's an empty tiedown
marked "RESERVED FOR FLIGHT SCHOOL" where the second C-152 used to be.

-c