$62.50 an hour to fly. Not going to find anything like that in the Bay Area. Your lucky to get in a 152 for that much.
$62.50 an hour to fly. Not going to find anything like that in the Bay Area. Your lucky to get in a 152 for that much.
62.50 an hour is for shareholders, which I imagine is around 30-50K buy in. And you can find that in the Bay Area, check out www.tradewindsaviation.com out of RHV. Click on PlusShare program, they are in the process on setting up this kind program for a SR20.
Marc
62.50 an hour is for shareholders, which I imagine is around 30-50K buy in,.
Dividing out a rough geusstimate of the assets of the club (six airplanes and some money in the bank) by the number of members (65) I’d guess that a share is priced more in the $8K-12K range.
Reading their newsletters it is apparent that they are financing at least a portion of the SR20, so shares might be priced substantially lower.
Does anyone have a contact in the club?
I’d love to hear more details on how much a share really costs and how they arrived at the $62.50/hour.
It is interesting to me because this club seems to be similar in structure and pricing to my old club (Hillsboro Flying Club based at HIO in Hillsboro Oregon). However, it has been over 20 years since HFC has bought a brand-new airplane.
If there is anyone lurking out there from the Yankee Flying Club, please, speak up!
-Bill
(A former lurker who hopes to have an SR20, someday, someway).
I looked at their site and it did not say anything about a share price, however their monthly dues were 75.00
62.50 an hour is for shareholders, which I imagine is around 30-50K buy in,.
Dividing out a rough geusstimate of the assets of the club (six airplanes and some money in the bank) by the number of members (65) I’d guess that a share is priced more in the $8K-12K range.
Reading their newsletters it is apparent that they are financing at least a portion of the SR20, so shares might be priced substantially lower.
Does anyone have a contact in the club?
I’d love to hear more details on how much a share really costs and how they arrived at the $62.50/hour.
It is interesting to me because this club seems to be similar in structure and pricing to my old club (Hillsboro Flying Club based at HIO in Hillsboro Oregon). However, it has been over 20 years since HFC has bought a brand-new airplane.
If there is anyone lurking out there from the Yankee Flying Club, please, speak up!
-Bill
(A former lurker who hopes to have an SR20, someday, someway).
I looked at their site and it did not say anything about a share price, however their monthly dues were 75.00
62.50 an hour is for shareholders, which I imagine is around 30-50K buy in,.
Dividing out a rough geusstimate of the assets of the club (six airplanes and some money in the bank) by the number of members (65) I’d guess that a share is priced more in the $8K-12K range.
Reading their newsletters it is apparent that they are financing at least a portion of the SR20, so shares might be priced substantially lower.
Does anyone have a contact in the club?
I’d love to hear more details on how much a share really costs and how they arrived at the $62.50/hour.
It is interesting to me because this club seems to be similar in structure and pricing to my old club (Hillsboro Flying Club based at HIO in Hillsboro Oregon). However, it has been over 20 years since HFC has bought a brand-new airplane.
If there is anyone lurking out there from the Yankee Flying Club, please, speak up!
-Bill
(A former lurker who hopes to have an SR20, someday, someway).
Yankee Flying Club is an old established well run organization. The Cirrus is the first new plane owned by the club (to my knowledge.) Prior to buying the Cirrus the club had no debts and cash assets of 20-30K. The “rental rate” charged includes operating expenses and reserves and a percentage to buy down the mortgage. Shares have been running in the 4-5k range. Among the other 5 planes are two 183RG’s. Rental on them is about the same rate as the Cirrus (much higher operating reserve costs.)
Jim