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Getting started with business structure
Hello everybody, We are looking forward to leasing out some airplanes. It seems wise to have each airplane in a separate holding company, probably a Wyoming LLC. Is that the kind of thing you all are doing? Any do's or don't's from folks further ahead on the path?
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iPhone banner in the way
Does anyone have an issue with the bottom banner of this app, while scrolling it goes to the center of the screen and always in the way? Makes it difficult and a pain to read anything as it’s always in the way. I’m on an iPhone and cannot find anything in this app settings or iPhone settings. Thank you 👍
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New Guy Questions
New guy here. Just curious about the following questions. I do have calls planned with a couple local schools to talk through these questions but thought some of you may have similar questions. 1. Does the age of the plane matter as long as the avionics are desirable and the plane is functionally safe? example - would a 1964 Cessna 172 with incredible avionics be more or less desireable than a 1980 Cessna 172 in the same mechanical shape, but simple avionics? 2. Do flight schools prefer high-wing or low-wing planes? I see a lot of 172's everywhere I go, but do students like the Pipers? What about Cirrus, are they worth the investment? 3. Do flight schools and students like the stick control planes? Has MOSAIC made these more popular? As far as I can tell in my area there is one school with a Diamond DA42 and one school in Wisconsin that uses a couple Vans. 4. Anyone have a spreadsheet or document to help determine what their base hourly rate should be?
Overhaul Options
How are all y'all planning for engine rebuilds? Are you banking a bit per hour or do you do something different? I have been planning in bit of cash for the engine and prop overhauls from the hourly, but I'm wondering if refinancing the plane to include the overhauls when they come due may be a better option...Thoughts? I should say that banking the money before hand is really the safest option considering rates and bank interest in your concept may change then you are out. But its something to keep in mind if the time comes sooner than we are thinking.
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