Aircraft rental?

[pete8862]

Do'es anyone know what is the cost to rent aircraft? And where is the best place to look, private owners or clubs?

 

For what I pay for an hour from the flying school per week I could easerly repay a second hand plane.

 

Any ideas?

 

Pete

 

 

[Guest basscheffers]

But could you also pay for the insurance, hangar and maintenance? :)

 

Cheapest way to own an aircraft is in a syndicate. You could well start your own.

 

 

[pete8862]

Cheapest way to own an aircraft is in a syndicate. You could well start your own.

 

How many people do you think would be needed

 

Pete

 

 

[Guest basscheffers]

5 seems to be a good number; the average private pilot does about 50 hours a year, so with 250 total, availability should be good.

 

With each putting in $20K you could buy a very nice aircraft. Expect each to pay up to $150/month for fixed cost (hangar and insurance) and up to $40 for maintenance/overhaul plus fuel consumption per hour.

 

 

[rdarby]

I pay $155 an hour to rent a SportStar, including fuel. Best place to look is the flying schools, the people who teach you will probably let you continue to rent what you learn in.

 

I have looked at the costs and I don't think you can repay a plane by yourself. You need to factor in fixed costs of hangar, insurance and rego as Bass said, then variable ones for maintenance, fuel, servicing, and engine replacement. And repayments and interest. All up it works out about the same for me if I fly over 100 hours, but that is more than I can afford to rent anyway.

 

The problem with a cheap aircraft is that the engine still costs the same to replace, and the hangar still costs the same etc.

 

Ryan

 

 

[fly_tornado]

Depends on the aircraft, a Drifter would be a lot cheaper to buy and fly than rent. I worked out that one of the Drifters @ Clifton had done 1900 hours @ $150 an hour or $285000

 

 

[sfGnome]

Of course, the ideal is to be in a 4 person syndicate where 3 of the 4 don't fly any more... :big_grin:

 

Seriously, it's easy to play with the percentages, but I know I'd find it much easier to stump up $25k and $60/hour than $100k and $160/hour. The tough part is finding people who are going to treat your baby with the same respect as you do. I used to share power tools with my brother-in-law, and it gave the the heebie geebies seeing how he treated them.