>
> Owners get first dibs on their planes. The school takes care of all of
> the mx although typically the owner still pays for the mx. All of these
> details are negotiable.
What's mx?
> As you probably know, we are putting together a seaplane club at my
> school. The club will pay the purchase price of the plane and own the
> plane and lease it back to the school. Club members can use the plane
> whene ever they like (insurance companies won't allow rental of
> seaplanes to regular renters), have no maintenance or insurance costs
> (the two biggies for seaplanes that are in this case covered by the
> income the school makes on the plane), no mx management worries, and the
> school gets to add this super cool plane to the fleet without having to
> find $100K in cash. Win win if you ask me.
>
> Helen
>
>
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