Warbird Information Exchange

I have a great partnership and it works great for all involved. We have 4 airplanes in the partnership and 2 partners, me and my wife. I fly all 4 of the airplanes and my wife flys the Bonanza and the T-6. It works fine for both of us. I can't imagine being in a partnership with anyone else though.

If you can find one like that, I highly suggest it.

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Eric

"I spent most of my money on alcohol, women and skyraiders....and the rest of it I just wasted."

erm...isn't that called a marrige?

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"I knew the jig was up when I saw the P-51D-20-NA Mustang blue-nosed bastards from Bodney, and by the way the blue was more of a royal blue than an indigo and the inner landing gear interiors were NOT green, over Berlin."

Muddy wrote:



Well....you call it what you want, but it works. And I promise you, splitting an airplane is more complicated.

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Eric

"I spent most of my money on alcohol, women and skyraiders....and the rest of it I just wasted."

So lets see. You keep the Spad. The wife gets the drop tanks!

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Keep Em' Flying,
Christopher Soltis
Dedicated to the preservation and education of The Sikorsky Memorial Airport

CASC Blog Page: http://ctair-space.blogspot.com/
Warbird Wear: https://www.redbubble.com/people/warbirdwear/shop

Chicks Dig Warbirds.......right?

Eric,

It might be a good partnership, however, it has also doubled the chance of you or your partner getting AIDS

Julian

TFRAT,
Lots of good ideas and I think about the same thing all the time. A few quotes from self made millioniares about partnerships 1) Never take a partner in anything, you will spend more money and time arguing and compromising. 2) Partnerships work if defined by legal contracts, you can't fly the airplane enough enyway. 3) "A piece of the pie is better than no pie at all" or "only take partners when they airplane you want is not financially within reach on your own."
Many people take on partners as a way to disinvest soem of what they have in the airplane, or as a way to get money for a new engine overhaul etc.
Two ideas I like, Buying wholesale and selling fractions retail, so that ultimately you have none of your own money in the airplane.
2) a couple of guys buying an almost perfect airplane and then as you add partners, you buy new engines, interior, prop overhauls or really great avionics. The end result is that when you get to the final number of partners, say 5, you have a really pristine airplane that is good to go for a number of years without any big expenses for a few years.

http://iburnjeta.com/index.html

This is what I was looking for.

Interesting site but the only winner I see is the guy "managing" the partnership(s).

Getting four pilots in on a T-6 would be tuff but could be down. Eric has the best business plan that I seen so far. It would be nice if one could get a so called club together in the Dallas area for a T-6..

Lynn

Gauntlet Warbirds operates a shared ownership program in an L-29 in the Chicago area. We have two classes of owners, one for people who only want to fly dual (Bravo) and another for those who wish to fly the jet solo (Alpha). There are fifteen total shares available in the aircraft, with a Bravo owner getting one share and an Alpha owner getting three. This keeps the aircraft available for owners and ensures that no more than five people fly the jet solo at any given time.

The aircraft is managed by Gauntlet and if an owner wants to exit at any time Gauntlet will buy back their shares for 90% of their acquisition cost (currently $3,000 for Bravo and $9,000 for Alpha). There is a monthly fee, which is currently $225 a month for Bravo shares and $675 a month for Alpha shares. This covers all the fixed costs on the aircraft, owners just pay $150 an hour dry to fly after that.

Unlike partnerships there is no uncertainty, if an annual goes over budget or some maintenance is required beyond the annual the shareholders are not responsible to pay for any of it, Gauntlet covers it.

We have more information on the program on our web site, www.gauntletwarbirds.com/jetgroup.html

Greg Morris

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Gauntlet Warbirds
Warbird, aerobatic, and tailwheel training in Chicago
T-6, L-39, Yak-52, Stearman, Decathlon, Extra 300L
630.999.2044
flightops@gauntletwarbirds.com
http://www.gauntletwarbirds.com