As a follow up to our last episode, the SimpleFlight crew reached out to Edward Forman, a pilot that embarked on a mission to find a plane and some partners to help him build proficiency and get more utility out of general aviation. The big questions revolved around number of partners, type of partners, how much to spend, and what make and model of plane would best meet the mission.
While each purchase process stands on its own, the conversation with Edward highlights key factors that have to be considered, including the equipment, where to source the plane, where to hangar the plane, finding a maintenance shop, and discovering that a 9 year old plane won't be perfect. If an unfamiliar model is purchased, the transition to a different platform also needs to be considered. All in all, Brandon and Marc touched on a lot of aspects of the plane purchase and ownership process. But we're sure there are other perspectives. And we'd like to hear yours. As always, please share your views with the rest of the SimpleFlight Facebook and Instagram community @simpleflightradio Thanks for being a part of the SimpleFlight Family!!
2 Comments
Brian B Tucker
10/19/2020 09:38:50 pm
love the show. I'm a member of two clubs, started one of them (much smaller than yours though). This interview was really interesting to me - the whole lease back thing is interesting. This gentleman started with a new Piper A/C - probably better than $500k. did he absorb the cost on his own (his wife said they couldn't impact expenses - smart person - so I assume not - how did he pay the mortgage on the A/C? Also, I was truly amazed at 9k hours in 14 years.....wow, our 72 172 has 9k hours. Sounds like a nice a/c and a great owner, would love to rent the plane and meet the owner - thanks! 10/19/2020 10:14:25 pm
Thanks for your comment. The club has a tag line of GREAT PLANES; GREAT PEOPLE. And Stephen is a GREAT OWNER. The plane wasn't as expensive as you stated, but it certainly wasn't cheap! All I know he doesn't have a partner and seems to factor in the value of the plane and the experience. Sometimes it just comes down to the smile. Are you ever in the Chicagoland area? We'd love to show you around the place and maybe do a Lake Shore tour. Thanks for listening. Blue Skies and Tailwinds, Leave a Reply. |
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