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#1
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Air Shares Elite and Cirrus Sr22
Is anyone familiar with Airshares Elite? They sell 1/8 shares of a Cirrus
SR22. You basically buy 1/8 of the plane and pay for fuel, and then pay a management fee of $750/month to cover insurance, hanger, all maintenance (including engine/prop overhaul), cleaning and washing the plane, and of course their profit. It sounds like they really treat you well but I'm wondering if anyone has some real-life experience with them. Thanks. Howard Neff |
#2
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In article ,
Teranews \(Daily\) wrote: Is anyone familiar with Airshares Elite? They sell 1/8 shares of a Cirrus SR22. They really bury the pricing, but I found the PDF for Boston: You pay for 1/8th of their marked up price of $520,000 (the base price of a new SR22-G2 is $335,000). That entitles you to pay the $710/mo fee and 75hrs/year @ $75/hr. If you fly all 75 hours that works out to be $188/hr. After four years, assume you elect to sell it. There's no comparable used SR22 (in theory the airshares plane might have 2000 hours on it and a run- out engine). Let's say it sells for $250,000 and you get 1/8th of that back. Then your net hourly cost (assuming you flew all the possible hours) is $300/hr. I can't even tell if that's wet or dry. The closest comparison I could find was Skyventures, in New York, which rents SR20's for $210/hr + tax. Air Orlando has a SR-22 G2 for $219/hr, or $197/hr in 30 hour blocks. -- Ben Jackson http://www.ben.com/ |
#3
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Aspen (APA) rents SR22 for $150 hr wet.
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#4
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Sounds like if you don't mind taking it up the pooper then Airshares
Elite would be a great deal. It sounds like at least they give you a kiss while they are f***ing you. :-) Jon Kraus PP-ASEL-IA Student airplane purchaser Ben Jackson wrote: In article , Teranews \(Daily\) wrote: Is anyone familiar with Airshares Elite? They sell 1/8 shares of a Cirrus SR22. They really bury the pricing, but I found the PDF for Boston: You pay for 1/8th of their marked up price of $520,000 (the base price of a new SR22-G2 is $335,000). That entitles you to pay the $710/mo fee and 75hrs/year @ $75/hr. If you fly all 75 hours that works out to be $188/hr. After four years, assume you elect to sell it. There's no comparable used SR22 (in theory the airshares plane might have 2000 hours on it and a run- out engine). Let's say it sells for $250,000 and you get 1/8th of that back. Then your net hourly cost (assuming you flew all the possible hours) is $300/hr. I can't even tell if that's wet or dry. The closest comparison I could find was Skyventures, in New York, which rents SR20's for $210/hr + tax. Air Orlando has a SR-22 G2 for $219/hr, or $197/hr in 30 hour blocks. |
#5
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