Re: Light-Sport Aircraft Yahoo group Re: LSA for rent without renters, or renters...

That's it in a nut shell Helen.  All the rest is just conversation.  I have seen, as I worked on a few, older SLA's; an Evector just recently that was pretty much used up (needs new paint, interior etc.) but still useful.  The owner at this point could sell it, but not for very much, so putting it is a flight school seemed to provide the possibility of a better outcome.  So that is what he did.  As the SLA's age we may see more of this?

Ed Snyder

 

 

-----Original Message-----
From: Helen Woods
Sent: Apr 18, 2012 3:52 AM
To: Sport_Aircraft@yahoogroups.com
Subject: Re: Light-Sport Aircraft Yahoo group Re: LSA for rent without renters, or renters...

 

Ah, but I do understand that most sport pilot students can't afford a
new plane either. That is exactly my point. Neither the schools can
afford them nor the type of people who might be inclined to place them
on leaseback. Hence here we have the real reason that flight schools
nation-wide have been so slow to bring on LSAs.

Helen

On 4/17/2012 11:58 PM, circicirci wrote:
> Hi Helen,
>
> I _DID_ miss that (that the flight schools often don't own the trainers -- are leasing them.)
>
> Your idea ("If you have a favorite LSA that you think your local flight school really needs, then your best bet it to buy .. it" and do a leaseback) is missing a core factor:
>
> Few people can go out and buy a $100K aircraft.
> _Least_ of all most wannabe sport pilots as one major reason many prospective pilots go for sport pilot rather than private is we are not in the class of people who have much economic muscle -- neither cash or even line of investment credit in our wallets.
> One of the main attractions of Sport Pilot is that on the face of it (if not exactly true) getting the license costs half as much as private pilot.
>
> Even if I had thought of it when I was finding no Flight Schools around with LSAs the possibility of my buying an LSA trainer and leasing it to them wouldn't even have been on my radar.
> Personally, If I had the sort of purchasing power I'd sooner buy a $100K LSA and set up a flying club (essentially buy it and then take my time look for three or four other pilots who could afford part of an aircraft and also could not find any LSAs to rent around here.
>
> In fact, interestingly, one of the flight schools I inquired at for LSA training near me in response to my interest approached an LSA owner at their FBO about doing a lease-back with him and using his LSA to train me. He wasn't the least interested. The thought of having newbie student sport pilots he know nothing about bouncing down the runway in his shinny new $120K LSA was most unattractive to him.
>
> Whether it's a lease-back or a purchase or a financed purchase a $30K 152 is going to be easier for the flight school to snag than a $100K+ SLSA. And for the investor who's doing the cash up front $30K has a quicker and better return-on-investment.
>
>
> Alex
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>
> --- In Sport_Aircraft@yahoogroups.com, Helen Woods<Helen_Woods@...> wrote IN PART:
>> The one fact that all of you seem to be missing is that most flight
>> schools don't own "their" airplanes. Most flight school planes,
>> especially anything new with a reasonable hull value, are on leaseback> for the simple reason that flight schools generally [don't] have the cash to buy new planes.......
> ............ It is generally not a matter of them picking an LSA for the school as much as their customers buying an LSA and putting it on> leaseback at the school.
> If you have a favorite LSA that you think your local flight school really needs, then your best bet it to buy it or find someone else to buy it and offer it for leaseback there.
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> Yahoo! Groups Links
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