In AOPA's Club Connector February 2014 Vol 2 Issue 2, there is a very interesting article about Concord Flying Club, an Equity Based Flying Club in Concord, CA using an RV-7A in their club.
"...the equity-based club of 33 members operates a Bonanza A-36, a C-182, and a Van’s RV-7A.
...each club member is a part owner and FAR 91.319 does not apply, so you could operate an experimental in your club.
Why did Concord add an RV-7A to its fleet, which includes a Bonanza A-36 and a C-182?
... Cost ...The capital cost and operational costs made the argument.
The RV purchase price was $85,000 and it rents for $97 an hour, tach time wet. Its IO-360 burns about 9 gph, although at high altitude cruise you can lean it out to about 7 gph.
... concerned about getting insurance, but as an equity-based club, they found it was no problem. ...they expected the cost to be double, but found it was the same as insuring a 172 valued at $85,000... the insurance company would not write a policy for a conventional gear RV, which is why the club chose the RV-7A with a nose wheel.
In a good month the RV and Bonanza will fly somewhere between 30 and 40 hours. And the 182, the best month last year was 15 hours; it’s usually 8 or 10 hours per month.
The RV-7 is...also very fast. It’s the most popular airplane now."
"Name: Concord Flying Club
Location: Buchanan Field (KCCR), Concord, CA
Website:
http://www.cfc1939.org
Year formed: 1939
Aircraft: 1971 A-36 Bonanza ($165/hr), 1973 C-182P Skylane ($145/hr), 2006 RV-7A ($97/hr)
Rates: Tach hours, wet. All three aircraft are owned by the club.
Joining fee: $7,230 buy in, returned when the member leaves the club.
Monthly dues: $100 per month
Membership: 33
Scheduler: Custom software"
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Anyone interested in trying this with an RV-12 and RV-7A in the Dallas/Ft Worth area?
Flying Club w RV-7A; AOPA Club Connector 02/14
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