Re: Light-Sport Aircraft Yahoo group Re: Leaseback

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.

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

jimmyg51147 wrote:
> How do you get to use the plane if it is leased to a school and they are in charge of scheduling the plane for their students? How would the mantainence be taken care of if the owner is also using the plane?
>
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>> It allows many people to own a factory new plane that they otherwise
>> could not afford.
>>
>> Helen
>>
>> jimmyg51147 wrote:
>>
>>> I am having a hard time understanding why anyone would leaseback to a flight school and have the crap beat out of their new plane by students. Please expain how this could be good. I am not being a smart a**. I just don't understand.
>>>
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