Websites for airplane partnerships

dell30rb

Final Approach
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Ren
Does anyone have any experience / success with websites that "hook" people up with others for a partnership in an airplane?

I've rented enough hours this year that I could have bought a cessna 150. There are lots of good airplanes in the 15-20k range right now. If I bought one - with 2 or 3 partners - I think I would come out way ahead of renting from my club.
 
There is the APA site that was aquired by AOPA. Hasn't been too much help to me. I'd say the best way to go if there is no partnership at your field is to start your own group and post flyers at local airports.
 
My current co-owners, one of them was my dad's neighbor. Talk about lucking out...

I've seen a LOT of flyers posted on airport bulletin boards for co-ownerships, they seem to always have a number of the little phone number tabs torn off of them.

Also had someone at a recent CAP meeting just flat out asking folks if they wanted to join him in purchasing an Arrow, or something like that.
 
There is the APA site that was aquired by AOPA. Hasn't been too much help to me. I'd say the best way to go if there is no partnership at your field is to start your own group and post flyers at local airports.
I had a chance to meet and talk with the developer of that site at an AOPA event in Dallas 2 weeks ago .

He is one very smart guy and a very passionate advocate for GA.

I took the opportunity to discuss with him the short comings of the current site and how the utility of what's there is very low at the moment.

He listened and appreciated the critique and feedback. And was aware of my issues and shared some others he has heard from other people. He seems to be very on top of what is needed to make the site better.

David also shared that they are in the middle of a major revamp of the site to address folks concerns and make it much better than it is currently. He said he has the support of AOPA to make this site be, in his words, "...the Match.com or eHarmony" of airplane ownership."

Timeline is around first year. So even though APA as it is now is not that great, something better is on the near horizon.



But I will also agree with Adam that looking at and posting on the bulletin boards around your local airports is worth it. Might be more folks like you out there than you'd think, also looking at the board wishing someone was ready to partner up.
 
I've been in discussions with a local pilot about a "non-equity" agreement with his DA-40 (aka rent his airplane and pay a monthly access fee). That discussion started via that website.
 
We've also offered both equity and non-equity "access" to our LLC's aircraft to a couple of people we thought we could all get along with. One was a co-worker of one of our co-owners, the other I met via Ham Radio.

One decided to fly LSAs, the other had a family fiscal "event" come up that had to be taken care of, which will take years to pay off and has effectively grounded him. (Two words: Restaurant business.) Bummer.

I bet there's a lot of co-ownerships out there who aren't out actively looking for additional members, but if a sane and responsible person asked, they'd think about it for a while and say, "Well... sure... why not? Here's the numbers, here's the insurance details, here's the MX costs, etc... you still interested?"

The other question we'd ask... "Are you liquid enough to drop $X tomorrow, if the engine goes?" Yeah, it'd be "unfair" to the new person if that happened, but the question is valid. I've heard that if you can't afford to replace/overhaul the engine tomorrow, you're not in a position to own, yet. Keep saving.

The hard part is finding the co-ownership people. The higher the airplane price, the more private/appreciative of privacy, most of these folks are. If you're not meeting them in person, you're probably not meeting them anywhere.

Ramp access is key... I have struck up conversations on the ramp about folk's airplanes that they would probably NEVER tell someone anywhere other than at the airport. Especially if they see you parking/hangaring your own aircraft, they tend to open up more.

One guy taxied out in an absolutely gorgeous Bonanza... very late-model/new, flawless... when he taxied back 45 minutes later, we started chatting and he said he'd just taken it up because it hadn't flown in a couple of weeks, and that we'd have been more than welcome to hop in for a ride... and that he and his co-owners were looking for additional people.

Out of my league, budget-wise, but just an example of "just start talking to people"... very few at the airport will want you to go away unless they're in a hurry to be somewhere else. Even then you've started a rapport for the next time you see them and they're not in a rush.

Most owners are very proud of their airplanes and will talk about their ownership setups at length if approached. Hang around the hangars and when they're open, strike up conversations... that's going to produce more real leads than a website, I think. Takes more time though.
 
I'd be extremely happy if I could find a low or no equity deal. Split monthly fees like insurance, hangar and pay the owner an hourly rate for MX and overhaul reserve fund. A friend of mine's dad has a nice tiger.. i may broach this subject with him sometime. Unfortunately I think that for a low time pilot like me it would be more difficult to find someone who is willing to do this. With some luck (and $$) I'll have my instrument rating and 100+ hours in 2-3 months however.. maybe it will be easier to find someone for a partnership.

I need to spend some more time kicking around the hangars.. but its a little more difficult as I fly with a large flying club. We kinda have our own building on the very south end of the airport. I've only been in the FBO once - to take a written. I almost have to drive if I want to get to the main FBO / hangars
 
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