Owning a Piece of a Small Airplane
Advantages • It's a new airplane. Owners keep their airplane for five years. At that time, OurPlane sells it and the buyers get their share back, which, if they so choose, they can put right back into another new OurPlane airplane.
• It's a new airplane, Part II. Also, the benefits of flying a new airplane, as opposed to a used one, are immense. In terms of aesthetics, equipment and comfort, it's a no-brainer.
• Predictable maintenance costs. OurPlane is responsible for taking care of all maintenance costs for the term of the agreement. No surprises.
• You've got keys. Fly when you want to. Unlike rentals, you own the airplane and you've got the keys for it.
• No hassles. OurPlane takes care of scheduling and maintenance. It arranges for insurance, recurrent training, hangaring and keeping the airplane clean.
• Tax advantages. Owners of OurPlane shares are eligible, the company says, to claim the same benefits of ownership as any other airplane owner.
• No partner problems. Unlike traditional partnerships, OurPlane owners don't have to deal directly with the other partners. OurPlane takes care of that. There are no messy divorces. If an owner can't live up to his end of the deal, OurPlane can terminate the agreement.
• Buy only as much airplane as you need. Why own an entire airplane when you don't fly enough to warrant the investment?
• Easy scheduling. OurPlane uses an internet scheduling system that lets owners book far in advance, and even to keep the airplane for up to two weeks at a time twice a year.
• Your airplane is taken? Fly a different one. Because the fleet is still small, this is still largely a theoretical advantage. But if the fleet grows, this convenience could overcome many of the objections to fractional ownership.
• Fly in other locations. You can schedule and fly any OurPlane airplane you're checked out in regardless of its location as long as it's available. I'm heading to the West Coast this fall, and I plan to schedule and fly one of the 182s while I'm out there.