Home arrow Starting Out arrow All About Airplanes arrow Lease Back Program????
« previous next »
Pages: [1]
Print
Author Topic: Lease Back Program????  (Read 6336 times)
xfunds
Guest
« on: November 19, 2004, 04:15:11 pm »
Hello and good day.  I have a question about airplane ownership.  I am interested in buying my first airplane.  I am looking a either a new Cessna 182 RG or a new Piper Arrow.  You most likely don’t even care.   My question is how does a lease back work from either a flight school or just an FBO that only rents aircraft.

I want to own a plane but I am not able to fly it like a plane owned should be flown. I have about 4 to 10 hours a month that I can fly.  I would like the other 20 or 40 to be flown by the flight school or FBO.  

I am hoping that some one here can shed some truly need information before I take the plunge to owning a $200,000 aircraft. Thanks for all the information to be sent my way.  :confused:
Logged
SLagonia
New Member
*
Offline Offline

Posts: 10



View Profile WWW
« Reply #1 on: November 19, 2004, 10:27:57 pm »
A leasback is basically where you own the airplane and all it's financial risks, insurance, etc., and the FBO uses the plane to rent to students and renters - and pay you a portion of the rental income. There are some good tax advantages to it - but a few basic disadvantages: First, you don't get to use your plane when it's rented to someone else - Second - you are letting student pilots use (and maybe abuse) the plane and third - your insurance rates will be very high.

There is obviously much more that goes with it - and FBO contracts are different (for example some will offer a reduction in tie down rates and gasoline) but that is the basics.

Hope that helps!

Sal
Logged
Sal
Cardinal 29V - KHPN, NY
Gary
Guest
« Reply #2 on: December 12, 2004, 09:34:58 am »
What city are you in?
Logged
SLagonia
New Member
*
Offline Offline

Posts: 10



View Profile WWW
« Reply #3 on: December 15, 2004, 11:03:18 pm »
Cessna puts out of good information package on lease backs - just be sure to factor in the insurance costs - which are considerable
Logged
Sal
Cardinal 29V - KHPN, NY
xfunds
Guest
« Reply #4 on: December 17, 2004, 09:50:35 am »
Xfunds lives in Georgetown Texas. I am just North of Austin, Texas
Logged
tomtom
Guest
« Reply #5 on: December 23, 2004, 03:57:30 pm »
Leasebacks are good and bad.  I found a helpful site that is in Central Texas www.flyaustin.com .
Logged
Pages: [1]
Print
Pilot Journey ForumsStarting OutAll About AirplanesTopic: Lease Back Program???? « previous next »
Jump to:  

Flying & Us - Flying Media - Advertise - Learn to Fly
A directory of aviation schools, flight schools, pilot schools. Aviation careers in the airlines, commercial pilot aviation, pilot training. Plus the best flight training news,flying lesson, student pilot and commercial pilot flight training information around. Sport Pilot Training too! (c) 2001-2008 Pilot Journey Pilot Journey & Together We Fly are Trademarks of Pilot Journey - The Learn to Fly & Flight School Place