Originally Posted by UConnQB14
suppose i was to buy a decent Seneca II or III with another person.. what would be ways to offset the cost of the aircraft to us and get by the whole tax situation as well
i hear putting on 135 will help and the IRS likes to see the revenue produced from it, but what happens if charter ops arent looking good for the area
secondly, leaseback ends up costing a bunch in insurance and doesnt have the turnkey power as straight ownership does...
any thoughts are welcome
Not many existing 135 operators would be likely to want a Seneca..too light for the job.
To get your own cert would entail various expenses and challenges, especially if there's more than one pilot involved.
With that sort of airplane, most folks would probably enroll it in a club and rent it out. Make sure you have the insurance researched, and form some kind of company for liaibility protection (see a lawyer).