Single engine syndicate with 20 shareholders , workable or not? | FerrariChat
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Single engine syndicate with 20 shareholders , workable or not?

Discussion in 'Aviation Chat' started by Arvin Grajau, Feb 4, 2023.

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  1. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

    Jun 7, 2006
    78,318
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    Arvin Grajau
    #1 Arvin Grajau, Feb 4, 2023
    Thoughts on a Syndicate of 20 members for a single-engine Piper or Cessna- 20-year-old aircraft.

    Workable or Not ?
     
  2. jcurry

    jcurry Two Time F1 World Champ
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    Jan 16, 2012
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    #2 jcurry, Feb 4, 2023
    Used to be a lot of clubs in San Diego. Biggest one had over 400 members and 15-20 aircraft was on leaseback at any given time. Scheduling was never a problem, but you couldn’t just expect an aircraft to be available on demand.
     
    Arvin Grajau likes this.
  3. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

    Jun 7, 2006
    78,318
    Wurundjeri man.
    Full Name:
    Arvin Grajau
    #3 Arvin Grajau, Feb 4, 2023
    In a small syndicate, I'd be concerned about some difficult person buying in and causing issues, as I've so often seen with friends in boat syndicates..
     
    LARRYH likes this.
  4. jcurry

    jcurry Two Time F1 World Champ
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    #4 jcurry, Feb 4, 2023
    These clubs were set up as non-profit corporations. Plenty of rules. This the one I cwas a member of, and had an aircraft on leaseback.
    https://www.plusoneflyers.org/
    They’ve grown a bit since 1990;)
     
    Arvin Grajau likes this.
  5. donv

    donv Two Time F1 World Champ
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    Jan 5, 2002
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    Don
    #5 donv, Feb 4, 2023
    If it is done right, I think it could be fine. There are lots of flying clubs, and I think AOPA has some guidance on best practices.
     
    kylec and Arvin Grajau like this.

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