FLYER Forums

Hi,

Our group of 3 pilots is interested in the purchase of a half share in a Cirrus Sr 20 ,( G3 model ) that is based in the Midlands.

How does that work then?

Three people would need to buy a share each. We've been down this road before IIRC

Rob P

Is that just a way of saying that three 1/6th shares required? Though I'd have thought that saying 3x shares required and see what size groups show up would be more flexible and more likely to turn up something. Maybe they want to buy one and are looking for three more people to go in with them.

The more I read it the more confusing it becomes.

A particular Cirrus? In which case why are we being told?

I'd read it as three guys wanting to buy half of a solo owned Cirrus between them, leaving the owner paying half of the bills and they paying 1/6th each. I expect he'll be trampled in the stampede of Cirrus owners anxious to bite his hand off.

Rob P

People will always try it on .We once had a couple of pilots who wanted to buy half of one share each in our gorgeous Arrow then take it away and keep it at an airfield over100 miles away for half the week……

The best way to have the syndicate and aeroplane you want, is to have a whole one and then find people you like to join you on the terms you like.

Worked for me.

Rob P

Rob Trow wrote:Hi,

Our group of 3 pilots is interested in the purchase of a half share in a Cirrus Sr 20 ,( G3 model ) that is based in the Midlands.

So your group of three will be 1/6 shareholders each?

Rob

Is three of the two pilots one half of Diane Abbott ?