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Co-ownerships   27.09.2020 04:09:07

How to make aviation affordable, aircraft ownership and or training possible at a fraction of the cost!

See the Contract and Presentaion DOWNLOAD section at the botten of this page. 

Goals: Provide the tools and methods necessary to make aircraft ownership afforadable to more of the general public and provide local flight students of median incomes an affordable path into aviation by purchasing training aircraft, to be owned with PRA Chapter 31 members as co-owners, allowing anyone who joins us to be able to learn to fly at the lowest possible cost.

We have designed a self-sustaining program that provides training to people of modest means, allowing the general public to become pilots at a fraction of the current cost, now and indefinitely.

How primary mission is to create a Fixed Bases of Operations enabling public access to rotorcraft flight with the lowest possible member user fees per hours. As a natural extension, and in conjunction with PRA.org's online ground school  this new program will create a focal point of training resources which will directly increase access and availability in California and cities where there is no gyroplane training to the general public while reducing the cost of becoming a pilot to all.

Our secondary mission is to reduce the cost of AIRCRAFT OWNERSHIP to the general public by creating partnership's between members with a desire in the same make and model experminital aircraft reducing the cost by 1/2, 1/3, 1/4 or more depending on how many members want the same aircraft. This will allow lower income families to aford a path into aviation.
The presentation "LLC’s & Co-ownership of Experimental Aircraft" explains the concept and the contract "Co-ownership Agreement" makes it possible they are both available below as a downloads.

San Diego Rotorcraft Club is purchasing an aircraft as a member co-owned training aircraft for the mutual benefit of the general public. We are offering the PRA and other Chapters the oppertunity to participate in this revelonary program.

This will be a shared, traveling, training aircraft that will be made available at fly-ins for demo flights and flight instruction and to other Chapter co-owners and or PRA is states across the USA when a group of students is ready to train. Each Chapter co-owner would have countrol of it at their location for the same number of months as they percentage of ownership intitles them to.

We hope it will become a model for other organizations as it appears we may be able to reduce the cost of flight instruction to under $100 per hour including the instructor.
We will charge co-owner members a wear-and-tear usage fee and amortize the $36,000 cost of the aircraft over seven years.
This fee, based on use 32 hours a month, would be only $38 per-hour for all fixed costs including amortization, insurance, storage, engine reserve, maintenance, and taxes.
If flown 120 hours-per-month the fixed costs are only $10 per hour.
PRA 31’s portion of the amortization fee will not be used to make a profit.

This fee is what makes the program self-sustaining; as the funds will be used to purchase another aircraft becoming much like a charity Fixed Base of Operations of low cost leased-back aircraft for our mebers and the general public that joins us benefit. 

      If you or your Chapter/ Club are interested in being part of an exciting new program then call the number today in the ad below and we can help make this program available to your members and recruit new members too with ads like the example below.