Need advice about leaseback

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.

- Andrew

"Andrew Gideon" <ag7337@gideon.org> wrote in message news:3437619.C0BGE8moNR@no.to.be.used.news.int.tag 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" <ron@sensor.com> wrote in message
news:3fe6fdb7$0$407$9a6e19ea@news.newshosting.com. ..
>
> "Andrew Gideon" <ag7337@gideon.org> wrote in message
news:3437619.C0BGE8moNR@no.to.be.used.news.int.tag 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