Geico266
Well Known Member
I would like to talk to people who have started an EAA Chapter building group within their EAA Chapter. The Chapter I belong to is pretty "uninvolved" and I would like to change that. What I would like to do is have "building members" build 2-3 RV-12's within the EAA Chapter and eventually transfer the planes into a "flying club". Flying members would "buy into" the club based on the share value in the planes.
Some guys like to build and some guys like to fly. This would give everyone the opportunity to get involved.
Basically, what does it take to start a flying club?
Here are some preliminary numbers.
Per Member = 2 RV-12's X $60K each = $120K / 15 members, w/ $7500 in reserve = $8,500 each
Per Month = $50 / month covers insurance, and hanger rent
Per Hour = $20 fuel + oil, $10 for engine replacement, $5 maintenance, $4 reserves = $40 per hour wet.
Now this is a doable VAF Squadron!
Some guys like to build and some guys like to fly. This would give everyone the opportunity to get involved.
Basically, what does it take to start a flying club?
Here are some preliminary numbers.
Per Member = 2 RV-12's X $60K each = $120K / 15 members, w/ $7500 in reserve = $8,500 each
Per Month = $50 / month covers insurance, and hanger rent
Per Hour = $20 fuel + oil, $10 for engine replacement, $5 maintenance, $4 reserves = $40 per hour wet.
Now this is a doable VAF Squadron!
Last edited: