Cost:
The annual fixed costs for owning our aircraft are approximately $15,000. An individual owner would bear
the burden of debt, insurance, tie downs, inspections, etc., even if the plane were never flown. Our aircraft is
entirely paid for. Sharing fixed costs with other club members brings the annual fixed cost down to $720 for each
member. Our members will tell you they are able to fly as many hours in our plane as they would if they owned
it individually. Club dues cover the fixed costs.
Rental is another option but the
cost of the necessary renters insurance with adequate coverage will be more than the club dues. The renter pilot
will then be looking at hourly rates that are typically 70% higher. Most rental aircraft are also hard working flight
school planes so availability may also be a problem.
It's a Club:
As a club member, you will be functionally an owner* of the aircraft you fly. You will have full access to all information
on the aircraft's maintenance and can participate in maintenance decisions and planning during our monthly meetings.
Each new member, including students, is given a full copy of the aircraft maintenance logs. Try telling your local FBO
that you would like to take the logs for the aircraft you are flying home to study! Remember, if you ever have an incident
or are ramp checked, the FAA will want to know if you have reviewed the aircraft maintenance records and logs. If a
defect in the aircraft's airworthiness is discovered, they may take action against your certificate, especially
if you cannot show you have reviewed the maintenance records.
Your dues pay for more than just
your share of the fixed costs. You also become a member of a group of people who share your passion for flying. Members can fly
together, splitting legs, getting twice the air time for the same cost, and learning from each other.
Finally, there is the pride of ownership. When you open the door, it is your airplane. When you are stopped in your car in
the morning rush and wishing you were somewhere else, look down at that little key hanging on the ring. It fits the ignition
of an airplane and you are one of the fortunate few who can lift the wheels from the pavement and soar free above it all.
*Note on ownership:
Ownership
in this context does not imply legal title. The FAA considers club members owners for purposes of FAA regulations because
they function as owners and their control of the aircraft's operation is similar to an individual or partnership owner.
Maine law does not recognize ownership of non-profit organizations by members of those organizations.
