Access Airshare

[LEJ]

Redcliffe Flight Training is currently operating Access Airshare. For memberships between 3 and 6 years will allow the member to hire a/c at $77 per hour wet.

 

I am interested to know the experiences of members if there are any in this forum. The question, I suppose would be, pay the $12k for a 6 years membership, no ongoing costs like hangerage, maintenance, insurance and etc, would this be better than joining a syndicate and the ongoings but have an asset at the end of the day?

 

BTW Merry Christmas everyone!

 

 

[dazza 38]

Hi mate i looked at that a while ago. Me personaly decided not to join. Main reason was the distance for me to travel.Other reason is the upfront cost is equivalent to alot of hours hiring.12K gets alot of time hiring a teccy.Most guys hire a a/c about 30 to 50 hours a year.If flying 100 plus hours per year it doesnt look to bad IMO.I hope this helps

 

 

[LEJ]

Thx Dazza, I am based in Melbourne and was curious as there is no such plans here. Even syndication is limited. Looks like the hiring and syndication is more active in QLD.

 

The cheapest hire for a Teccy is about $120-$130 wet depending on the flying school. But am looking at options.

 

 

[dazza 38]

Thx Dazza, I am based in Melbourne and was curious as there is no such plans here. Even syndication is limited. Looks like the hiring and syndication is more active in QLD.The cheapest hire for a Teccy is about $120-$130 wet depending on the flying school. But am looking at options.

Thats good $120 to $130.I hire teccy,s for $145 P/H wet.

 

 

[LEJ]

Thats good $120 to $130.I hire teccy,s for $145 P/H wet.

that was in 2008, the cost of fuel has push the prices up now. :-( but still cheaper than GA :-)

 

 

[numptie]

I had a look at it last year. Back then it was $8800 up front for 6 years. The way I calculate it (based on $12000 up front) you need to do about 26 hours/year minimum before you start to get benefit out the scheme. Obviously the more you fly the better (and cheaper in the long run). The thing I liked about it is that it's not actually your aircraft and it's not a syndicate so there should be no argueing over minor things. Also, when the aircraft gets updated your membership transfers to the new one.

 

Of course, no being your aircraft, there's a downside too . . . you have no say.

 

 

[Foto_Flyer]

Yes, I looked at this too, sounds really good, but you'd have to be doing a lot of flying. Even at 25 hours a year (the most I could expect to fit in at the moment, unfortunately!) it is still cheaper to hire from my flying school. And I agree with "metalman", most of us only get the time on the weekend so that means high demand and potentially missing out. Although, this is the case with your local school as well. Ultimately, if you're thinking of buying a new Tecnam but don't want the overheads and plan on doing a fair bit of flying, this could be a more economical solution. That plus they update their aircraft regularly, so the fleet is always reasonably young!

 

 

[Guest davidh10]

Seems like a lot of money up-front for a situation where you have no asset for security. If the organisation owning the aircraft was to cease trading, you would be, at best, a creditor that ranks under the accountants, bank and any shareholders, or at worst left holding a piece of paper entitling you to certain services from a company or partnership that has ceased to exist or sole trader who could be potentially a bankrupt.

 

At least with a syndicate, you would own a slice of the aircraft, and the security embodied in that asset. If the syndicate dissolves, each member gets their share of the proceeds after liquidation costs. In this situation, you don't have to pay everything up front, but can trade equity for debt to a reasonable extent.

 

 

[dacman767]

Seriously guys, stay right away from Access Airshare, completely dodgy. I'm dealing with the owner at the moment and the guys incredibly shady.

 

 

[mattbutton]

Folks, I agree with dacman, I looked into Access Airshare in great detail a year back, would anyone seriously invest without security over the planes and yes the planes are offered for training 7 days a week without consideration to people that have invested in the scheme.