Question about Cirrus "airshares"

[Alin10123]

Thats a back door 135 operation. Nobody is really gonna rent an airplane to someone who can not fly it. In a sense, it would be the pilot renting and then flying the trip which would be holding out and therefore not a legal commercial 91 operation. If a person owns the airplane, they can hire someone to fly it and that is not holding out since the pilot can not offer that service to anyone....its not his plane to do so....If he rents, he could rent for anyone....

I have seen people attempt to get away with this stuff at FBO's but really not a legal thing to do.... Now if the guy wants a flight lesson that goes somewhere logging dual, you might get around it as a cross country....

I see. That's actually quite interesting.
So is it actually legal if i was a standalone CFI and a student wanted to fly so i went and got checked out at an FBO and they let me rent the plane?

 

[B-J-J Fighter]

The SR22 is a bad little dude. It is one of the few airplanes you will fly that is totally overpowered.

 

[BluDevAv8r]

Hmm... interesting prospective.
However... are you sure about the no hourly charge thing? If you look at the following link, it will say that you have to pay "equity" and then "monthly maint" and then "hourly use fee" which fluctuates with the fuel prices.

http://www.airshareselite.com/airportsServed/documents/atlanta_SR22AAG.pdf

That is exactly what I said - "At Airshares, the price of fuel is embedded into the hourly rate." That hourly rate is the hourly use fee. In other words, you pay for 3 things - your equity piece, the monthly maintenance fee (which covers fixed costs) and then you pay for the direct hourly operating costs (fuel and oil) in the form of the hourly use fee. That fee will obviously change as fuel prices change but they don't change it that often. I thought you were implying that you pay an hourly rate and then, on top of that, pay for fuel yourself. You pay the hourly use fee and that covers fuel...so if you go on a trip and buy gas, you bring the receipt back and they credit your account for the gas bought. I hope that clears things up.

It works out to $229/hour for a 75 hour share...and that doesn't take into account the cost of capital and equity piece. Just the fixed and the variable over 75 hours.

-Neal