Wednesday 22 May 2013 21:31 UTC
To ask for or offer group flying opportunities and to discuss some of the nitty-gritty of groups, visit this forum!
I am currently looking to buy a Cirrus SR22 for around £150k which gets a 2004-2006 aircraft and probably a GTS version.
Sensibly it makes sense to share this with 1 - 2 other people as I just don't do the amount of flying (circa 50 hours per annum) to justify owning it outright. That said, I suspect that when you own an aircraft outright your flying time goes up. I was formerly in an Arrow group of 7 people for 6 years so understand the disadvantages of lack of availability in larger groups so don't want to repeat this.
Therefore, I was thinking that it would be good to join up with 1-2 other people to purchase an aircraft. With such a small group, it would be virtually like owning an aircraft outright but with the benefit of shared costs and keeping the aircraft flying more and hence healthier.
I live in South Bucks, so airfields that I would prefer it to be based at are:-
Booker (hard runway but long waiting list for hangarage)
White Waltham (grass runway but shouldn't be an issue if the aircraft is flown well, they have hangarage availability in early 2013)
Oxford (hard runway, and immediately available hangarage but quite expensive)
Denham (haven't called them yet)
Open to other ideas. Also open to either G or N reg.
We take original budget and get into something like this:-
1 partner - £75k each, 2 partners - £50k each plus set up costs (pre purchase inspection etc)
We increase the budget (I can't do this unless I take partners) to say £180k and get into this:-
1 partner - £90k each, 2 partners - £60k each
There is definitely a resell value to these shares, I called up about the 5th share SR22 based at Oxford advertised on this forum priced at £58k and apparently it had sold over the weekend having only been advertised last Monday.
Please drop me an email if anyone is interested and wants to have a further conversation.
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