Sun Apr 14, 2019 10:59 pm
#1688445
Hi
Getting a bit ahead of myself here, having only had 3 lessons so far.
But looking to the future, how do syndicates work.
I have seen shares offered in aircraft for lets say £5000
Then there is lets say £100 a month fees for hangerage, maintanace etc.
So why is there then a charge fer engine our of lets say £100
I can understand that some of that covers fuel, but your not likely to burn that much in an hour.
I would have thought that once you had paid for your share of the aircraft then you would have the use of the aircraft for costs only on an agreed basis??
I am actually in the position to buy an aircraft if and when I get my licence ( Microlight by the way )
But will be looking to sell a couple of shares, purely because there are lot of times i will not can use it ( i am a farmer)
Cheers
Dman
Getting a bit ahead of myself here, having only had 3 lessons so far.
But looking to the future, how do syndicates work.
I have seen shares offered in aircraft for lets say £5000
Then there is lets say £100 a month fees for hangerage, maintanace etc.
So why is there then a charge fer engine our of lets say £100
I can understand that some of that covers fuel, but your not likely to burn that much in an hour.
I would have thought that once you had paid for your share of the aircraft then you would have the use of the aircraft for costs only on an agreed basis??
I am actually in the position to buy an aircraft if and when I get my licence ( Microlight by the way )
But will be looking to sell a couple of shares, purely because there are lot of times i will not can use it ( i am a farmer)
Cheers
Dman