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#65350 - 01/26/12 11:01 AM Low Cost Aircraft Rental to build time and get folks flying idea
RBry Offline
New Member

Registered: 01/23/12
Posts: 1
Loc: CA, USA - BC Canada
I'd like some feedback on an idea - those of us who have aircraft and don't mind sharing them, to make them available to especially new pilots building time. Instead of regular rentals that cost upward of $100/hr, we can offset some of the cost, and get say $50 an hour. They save, we get some offset, and people get to fly! What do you think? Thanks, Roger

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#65352 - 01/26/12 11:27 AM Re: Low Cost Aircraft Rental to build time and get folks flying idea [Re: RBry]
California Flyer Offline
Diamond Pilot

Registered: 10/21/09
Posts: 5046
Loc: Groveland, California
It would all boil down to insurance, I believe. My policy has a clause stating it can't be used as a rental; I'd have to reconcile that first, and would need to make sure all pilots who fly it are fully covered by their insurance or mine.

As an owner, I'd be more inclined to sub-lease my plane to a single pilot rather than opening it up to more people, but even then, I wouldn't really be receptive to the idea. If I ever lose my medical and can't fly, I'd put my plane in a leaseback arrangement (my flight school is dying to get more planes like mine on the flight line) or would even just sell it.
_________________________
Co-Conspirator, Cessna 172 Club and Forum
http://www.cessna172club.com


Owner of N291ME, a 2000 Cessna 172SP

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#65354 - 01/26/12 12:21 PM Re: Low Cost Aircraft Rental to build time and get folks flying idea [Re: RBry]
XP Driver Offline
Club Sponsor
Gold Pilot

Registered: 01/08/11
Posts: 2301
Loc: Fairfax, Virginia
This is basically the old "rentback" methodology that was widely practiced not too long ago but has fallen off now. The only difference is that you would be renting out the plane to other people directly instead of through an FBO.

CF is right, this would come down to insurance for those who are willing to do it. The insurance companies would basically treat your plane as a rental and your insurance cost would go up (way up). You would also have to get a commercial vs. a personal plane registration here in Virginia which is more expensive as well. As an aircraft for hire you would also have to do 100hr inspections vs. annual inspections and that would raise expenses as well.

It could be a good idea for the right person but not for me.
_________________________


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#65644 - 01/27/12 09:00 AM Re: Low Cost Aircraft Rental to build time and get folks flying idea [Re: XP Driver]
Don Tedrow Offline
Gold Pilot

Registered: 07/16/10
Posts: 2488
Loc: Bastrop, TX
Yeah, actually, I'd have to charge $200/hr just to pay the insurance increase. My policy specifically prohibits commercial activity of any type, and would increase 300% or more were I to lease the plane, not to mention the 100 hr inspections.
_________________________
1972 C172L



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