by Brett_Henderson » Fri Feb 28, 2003 8:48 am
If you do a little (allot actually) of research and leg-work,, you can get flying for next to nothing and with a little luck, profit from it.
Here's a scenario:
Three people get together and purchase a C172 (price is irrelevant as, unless you crash it, it will hold it's value)..
You then get with a CFI and arrange a "package deal" for his services. In return for a steady flow of "paid" time from 3 people, you negotiate a discounted rate. Outside of one of you needing an "inordinate" ammount of training, this works out well for everyone.
In the mean time, you make the plane available for lease to other students,, or pilots in general. (this ususally off-sets the cost of insurance and routine maintenance)(or helps with it anyway).
After a predetermined time period, you either agree to keep the plane or sell it and walk away, certificate in hand ;)
With a little luck (and maybe some effort "fixing-up" the plane, you sell it for more than you paid,, well you get the idea)
Even if all doesn't go smoothly, it would still be less expensive than just "renting" the plane for the 100+ hours it would take to get 3 guys airborne...
++special note: this scenario assumes you plan to "expidite" your training and jump right into flying and building time. Remember,, you'll be making payments on the plane and if it sits idle ,,it defeats the purpose.