Originally Posted by
wizepilot
Ever heard of Murphy's Law??? You'll find out soon enough with airplane ownership on a leaseback.
Well it isn't so much a leaseback as it is me running an independent company. Basically, the idea is for small flight schools that cannot afford a twin trainer full time to farm out their ME training to someone that isn't a direct competitor. In the area I live - MSP - there is one flight school that has a twin in the metro area. It is a marginal flight school and the twin is poor quality. What I would like to do is spread all the twin ownership costs out over these 'subscriber' flight schools so they can truly offer every flight rating from PVT - CFI-I/MEI. I am thinking if I am an independent contractor I will have more flexibility and freedom than one would have in a traditional leaseback. Not to mention, it is my plane and I'd be the only one to fly it - so I know it would be cared for and not abused.