RV Flying Club?

R44_RV8 · #1 05-19-2008, 04:48 PM

Has there been anybody that has started a flying club of RV's? Seems like a good way to fly/Rent an RV if you cant afford to buy one. Obviously there would have to be some training involved and minimum experience requirements. Anybody heard of somebody doing this? I know there are plenty of flying clubs with Cessna's. I would venture to say Insurance would eat you alive...... any comments?

N941WR · #2 05-19-2008, 05:11 PM

Quote:

Originally Posted by R44_RV8

... Seems like a good way to fly/Rent an RV if you cant afford to buy one...

You can't rent an Experimental because they are, well, Experimental. However, you and 10 of your best friends can buy one and share the expense, you just can't rent it.

Oh, and getting insurance for your group may be an issue.

PS. Welcome to VAF.

R44_RV8 · #3 05-19-2008, 05:13 PM

That makes sense. It would be great though if you could do it!

Ron Lee · #4 05-19-2008, 05:41 PM

Ask an insurance agent about coverage. May or may not be a problem.

nucleus · #5 05-19-2008, 06:50 PM

I have thought that a great way to go would be to have our guys in on a two seater AND an RV-10. Best of both worlds...

STINGRAY · #6 05-19-2008, 08:13 PM

I think it's a great idea and I've been giving it quite a bit of thought lately. What I've been thinking of doing is start a RV flying club while the plane is under construction. It would be a great way to share the building/learning process and as the plane is finished those who wished could go on with their own project. They would be able to fly the club RV while theirs is under construction, sell their share to someone else just starting out after their RV is completed. Money invested in the club RV could be recouped for the final finishing expenses - and so on.

I currently own 25% interest in a '58 172 and 10% in a J3 Cub club. I intend to sell my shares in these two planes eventually to pay for the balance of expenses to complete the RV-8.

Any interest in something along these lines in the Minneapolis/St Paul, MN area? Give me a call or e-mail.

Tony

hydroguy2 · #7 05-19-2008, 09:24 PM

I'm in a 70 member club w/ 5 planes. One member wanted a RV-6A added to the mix. As a Board we told him, show us that:
1. we can afford it
2. we can insure it
3. we can keep it rubber side down.(ie training).

He skipped #1 and started at #2. After a quick phone call to our insurance rep, the search wasn't needed. The insurance guy said absolutely "NO". Experimental in a club is a no go for us.

Actually, I always felt an RV wasn't a candidate for a club plane. I've seen how club members treat stuff. It would be a sad life for an RV!

R44_RV8 · #8 05-19-2008, 10:56 PM

BUT, what if it was a select group of pilots that cared about RV's and flying them.This wouldn't be your run of the mill flying club.

R44_RV8 · #9 05-19-2008, 11:16 PM

What would be the most partners you would have go into an RV together?

JDRhodes · #10 05-20-2008, 07:10 AM

I'm an aviation insurance agent. I was asked recently to put together a quote for a 10 member club - that currently had a C-172 - to include an RV-10 in their "fleet." Was able to get it quoted at fairly reasonable rates. Seems like 5-6K for a $100,000+ airplane, roughly. Insurer wanted a good checkout CFI with a good bit of RV time - prefered RV-10 time, but others would have been OK. Private pilots or more advanced. No students. Seems like 400-500 hours or better. This was an equity based club - not a rental operation.

Just thought you'd like to know. Can be done...