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 paid for and we are paying debt only on engine replacement and improvements. 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.
