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Sanity check on ownership costs

An occasional night is OK. I’ve had that in spring/summer. But a week of winter weather in west Ireland, stuck on the ground, I won’t risk.

Maoraigh
EGPE, United Kingdom

wood and fabric must be hangared, so touring is restricted weather wise.

Do you really believe that on an aircraft that has withstood flying in UK climate for decades, an occasional night outside would make any difference?

Last Edited by boscomantico at 28 Mar 21:27
Mainz (EDFZ) & Egelsbach (EDFE), Germany

I am in a Group of 6 operating a Jodel DR 1050 on an LAA Permit on mogas. The mags have just been professionally overhauled. If the type is cleared for Night and IFR, we’ll have to spend a lot on upgrading the panel.
It’s hangared at a very good rate. Landing is £10 – every home base landing. I pay £50 per month, and £60 wet per tach hour. This at present makes a good profit. It’s insured for £18,000. There’s about £10,000 in the funds at present. We should get several hundred hours out of the engine before we call on the engine part of the funding. Battery is new 2015. A Permit usually costs under £200 before adding the LAA fee.
Endurance is 4 hours @ 110kts. Empty 443.6 kg with spats, 410.6 without. Max AUW is 750 kg. 110L fuel in 2 tanks.
The downside is wood and fabric must be hangared, so touring is restricted weather wise.

Maoraigh
EGPE, United Kingdom

Hi Italianjon,

I own a ’77 Archer II and my cost is around £12,000 per year for ~60 hours. My annuals are ~£2,500 inc VAT but I must say I bought a plane that was in mint condition. Previous owner maintained it in prime condition and I am continuing that tradition.

More importantly, for me buying wasn’t a financial consideration, but rather more for the convenience. We typically will decide on a Thursday evening to go to France for the weekend and being a sole owner makes such snap decisions so rewarding.

Regards, Jason

Great Oakley, U.K. & KTKI, USA

I have started another thread on what to look for in potential syndicate partners – here

Administrator
Shoreham EGKA, United Kingdom

I’m almost ashamed to mention the amount of my insurance bill that just came in the mail: 550€ but that is third part only, plus the – mandatory – passenger liability.
My hangar (sic!) cost is even more humble, but that comes with the hassle of unfolding/folding the wings before/after each day of flying, and the associated risk of damage, especially if some newbie absolutely wants to give a “helping” hand.

Last Edited by at 28 Mar 20:11
EBZH Kiewit, Belgium

I agree with Peter.

I think it’s a matter of personality. I for one tend to suffer in such relationships, because the older I get the more stubborn I become and the less I want to even discuss some things. I just want them to be the way i personally like them. And having flown with many other pilots I know that each of them has their own philosophy. I don’t even think that the way I do things is better – but it’s the way I do things and it’s okay for me.

I used to rent my Piper 15 years ago, thinking i could “save” some money. Haha! Nothing could be further form the truth. In the end I gave up, becasue i couldn’t afford it anymore. I quit after i bought the 3rd spinner backplate (€ 400) and when I saw the same guy pushing the airplane back on the spinner.

With me beeing the only owner – I know that I spend a big amount of money, but I get exactly what I pay for.

Maybe I would think differently if I couldn’t afford my own airplane, I don’t know …

I know you keep raising that position Peter, and I have heard those stories myself.

I just like to warn people

But it has also been pointed out here that syndicates seem to work better outside the UK, and that may be true. In some countries (Germany and Switzerland come to mind specially) people seem to be more willing to stick their hands in their pockets, while in some others they firstly look for what they can get out of an arrangement.

PROVIDED that you spend time up front ensuring that you are all like minded

Agreed, this is most important, but this can be difficult to check out in advance. This is almost definitional because nobody with a brain is going to go into such an arrangement (potentially sinking 5 figures into it) with somebody they can’t stand. So non-working arrangements have to be ones where the incoming member(s) somehow got conned – either via their own lack of due diligence on human nature or via the other members putting on a jolly good show (and the latter is guaranteed anyway because they are usually very keen to get rid of the departing member )

Administrator
Shoreham EGKA, United Kingdom

I know you keep raising that position Peter, and I have heard those stories myself. The two syndicates that I have been in worked very very well. In both syndicates the meetings took place over a coffee in the briefing room, it was relaxed, but we discussed and raise ALL issue that we had and respected each other. That was made clear from the start. There was a neighbouring aircraft, in fact I think they had the parking position next to us, same aircraft type, same age, similar condition… but it didn’t work because of one militant member, and interestingly the meetings were very formal with full power points and arranged timed agendas etc. i.e. the complete opposite to ours. At the end of the day people are looking for the same thing, cheaper flying – it’s a hobby not a job.

I think syndicates are a good way to go PROVIDED that you spend time up front ensuring that you are all like minded, and that the accounts are available and the policy is decided upon and made very clear to new members… then you pay your money and take your choice. I never joined a syndicate unless I could see the books and discuss the flying ambitions of the other members.

EDHS, Germany

Here in Germany larger syndicate groups do not seem as popular as the UK. I have had some chats at our club and the faces have been a picture when I have said that back in the UK I used to be in a group of 12 around a C150 and 20 around a PA28 with very few availability problems. (I just wish I had spent more time learning the finances ) And so the most I can seem to raise interest is with one other member; but they want 4 seats and a CofA. I am happy with 2. This is the reason I doing this exercise.

Speaking of syndicates, there are basically two cases (to keep it simple)

  1. a group of “several” – in theory good availability etc, and most “advanced” planes which are shared are done that way
  2. a huge group, say 25 – this gives very cheap flying

In case 1, I personally know of precisely one which is what I would call functioning. The rest range from hassles with a perhaps aggressive dominating member taking the p1ss, all the way to more or less hating each other and some trying to push the other one(s) out, preferably without extracting their share capital on the way out. Then you get maintenance disagreements, and those are tough because in the absence of an agreement covering that, no individual has any power and has exactly two options: fly the aircraft as it is, or walk away from it. Yes; it’s pretty sad. I looked at loads of syndicates in 2001/02 and none were working. Today I know of just the one which gets on, around a Twin Com, comprising of two affluent-enough IR pilots.

In case 2, these tend to work because they are so cheap that if the Annual costs 7k, it is 7k/25 which is next to nothing. Accordingly the members are people who just do short burger runs and are OK with flying junk, because they love to get up into the sky on a sunny day, once a month. Availability can be good on weekdays. The plane is run into the ground but that’s OK because when it falls apart you just get another wreckage and wreck that. This model serves a particular market within GA: the very cheapest way to fly.

If you at all can, buy your own. Nothing gets close. It just costs more money

Administrator
Shoreham EGKA, United Kingdom
45 Posts
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