Jabiru 430 Syndicate - Camden / Wollongong

[anjum_jabiru]

Hi Guys

 

I am new to this forum and currently doing solos and waiting to give my RAA Pilot Certificate exam. Very soon I am looking into buying my own Jabiru J430 / J400. Given that I would like to fly a couple of hours every week or every other week, I can not bring myself to justify the cost of owning an aircraft and maintaining it for purely recreational purpose, with so little expected flying. Hence I am looking to form a syndicate in the Wollongong - Wedderburn area.

 

It goes like this -

 

(1) We have a share each with minimum 2 and maximum 3 share holders

 

(2) Each of us puts down say approx. $15,000 for a second hand Jabiru 430 costing about $45,000

 

(3) For each hour of flying logged into the logbook we put down about $30 - $50 per hour towards hull insurance, general maintenance and engine overhaul etc.

 

(4) Once you have finished using the aircraft and put it back into the hanagar, make sure you top up the fuel to full tank for the next person

 

(5) We take turns flying the aircraft so that everyone gets a fair go

 

(6) You can sell the share in it as and when you like, but first preference goes to the syndicate members

 

(7) On sale of your share you get back your 1/3 share of whatever little bit surplus is left in the kitty, after deducting any depreciation and outstanding costs

 

Any suggestions from anyone are most welcome :-)

 

 

[jakej]

not good forum etiquette to have multiple threads for the same thing, you risk people ignoring you & therefore lose out on what you wanted to achieve - just saying.

 

 

[anjum_jabiru]

I did not know abt the other thread. Would like to close this one.

 

 

[coljones]

not good forum etiquette to have multiple threads for the same thing, you risk people ignoring you & therefore lose out on what you wanted to achieve - just saying.

what are you saying? where is the other thread?

 

 

[stevek]

Jabiru 430 is normally a 4 seater and VH registered. I'm thinking you mean a 230 which is a 2 seater and RAA registered.

 

 

[anjum_jabiru]

Nope. It was VH registered for 1st 200 hrs as 430 / 4 seater initially. But the owner changed the registration to RAA (?? for cost benefits and not having to go through LAME / CASA maintenance). In order to do this he ripped off the back seats and registered it as a 230 19-reg category (whatever that means)!