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Buying a twin and putting it on an FBO's 135 certificate as a leaseback is guaranteed to net you at least a tax deduction.minitour said:I've been wondering. Is there any money to be made in purchasing an airplane to be used under 135? Could the loan payments be made as well as mx, insurance, hangar fees, GPS database, etc?
...Or should I just move on to the "No Money Down" system?
-mini
gkrangers said:You know the answer to this question.
Yes absolutely!!! But not by the owner of the airplane.minitour said:Is there any money to be made in purchasing an airplane to be used under 135?
At the FBO I used to fly 135 at, they had quite a few leasebacks, but I doubt any of those owners made any money at it.Lead Sled said:Yes absolutely!!! But not by the owner of the airplane.
The owner of the airplane, when all is said and done, will probably end up having subsidized the 135 operation.
'Sled
You sound like you've experienced this.Lead Sled said:Yes absolutely!!! But not by the owner of the airplane.
The owner of the airplane, when all is said and done, will probably end up having subsidized the 135 operation.
'Sled
Lead Sled said:Yes absolutely!!! But not by the owner of the airplane.
The owner of the airplane, when all is said and done, will probably end up having subsidized the 135 operation.
'Sled
350DRIVER said:Not poorly stated.. Most of the people (owners) that I have met that have done this were wealthy enough from their respective professions that they really could care less about making/losing money in this venture. It surely isn't a market for a newly minted pilot to be in expecting to make money in. If you got money to burn then why not?. If you are expecting to make money from the start then you need to do some soul searching and put things into perspective prior to jumping into this. Each situation is different, just make sure you are surrounded by the "right" people who know what they are doing and they have the experience to make this work.
TDTURBO said:350 is right on as usual, CBA (Chicago Bussiness Association) is owned by Steve Blank and is a broker. He leases several Slowtations and writes it all off as a loss just so his high maintanance wife can go to Miami for the afternoon and get the latest shoes. I am not kidding either, this happends all the time.