polysciguy9
Well-known member
- Joined
- Jun 10, 2005
- Posts
- 96
Hey guys, I'm new to this message board, so forgive me if this has been asked in the past and I just didn't see it.
As a new private pilot, is it cost effective to purchase a 1/3 - 1/5 share of a small GA aircraft to build the hours necessary for advancement? I've seen ads where people with 150s, 172s and Cherokee 180s are offering a partial share for around $7,000 to $10,000. I know that there are fees associated with this, and know the maintenance demands of an aircraft such as this (one ad said operation costs were around $15 p/hour). I'm not in a huge hury to build hours - I'd like to be a CFI in two to three years (not necessarily looking to join a regional airline - just want to see where my flying takes me). Also, does anyone know what the typical insurance costs are for a new private pilot who has partial ownership of a plane?
Thanks for your help!
As a new private pilot, is it cost effective to purchase a 1/3 - 1/5 share of a small GA aircraft to build the hours necessary for advancement? I've seen ads where people with 150s, 172s and Cherokee 180s are offering a partial share for around $7,000 to $10,000. I know that there are fees associated with this, and know the maintenance demands of an aircraft such as this (one ad said operation costs were around $15 p/hour). I'm not in a huge hury to build hours - I'd like to be a CFI in two to three years (not necessarily looking to join a regional airline - just want to see where my flying takes me). Also, does anyone know what the typical insurance costs are for a new private pilot who has partial ownership of a plane?
Thanks for your help!