Anyone involved in a syndicate?

[Mikey_A]

Hi everyone, haven't raised my head on here in a while but have been following all the interesting topics the whole time. I'm about to get involved in a syndicate down at Aldinga with a Sportstar. It's a 1/8 share (we're still after 3-4 more people if interested, msg me) however I'm after other people's experiences and opinions on syndicates.

 

Everything I've looked at regarding this particular syndicate looks quite appealing for starting out in aircraft ownership, especially after a new arrival in the family. I look forward to your thoughts.

 

Cheers, Michael.

 

 

[RKW]

Syndicates work well if they are run correctly and every member understands the rules from the word go. You must have a written agreement which every member must sign and have a copy. Decide whether to have it available for the local flying school or not, how much each member must contribute and formulate a method to share the access to the plane, who washes it and who supervises 100 hourly's etc. I have seen some disasters with syndicates when there is no formal agreement, one member was not even competent to fly the plane! Well organised, you will have few problems. Regards, Bob

 

 

[RKW]

I have another thought regarding successful syndicates. It is an advantage to have a mix of older and younger members. If all members are of working age, you will all want to use the plane on the same days ie Saturday and Sunday whereas retired and semi retired folks can commit aviation on week days and leave the weekends for those that have to work and pay taxes! Regards, Bob