I attended a presentation on this from John Armstrong at KCDW (Caldwell) from what he told our group:
There will be a set monthly fee each member will have to pay for his/her own fuel and any additional taxes that come up.
Regarding cost the number given was around 1,000 per month subject to variation based on what region you are in what additional charges the owner may add (Hangar tie down etc)
Insurance cost -he says those will be included.. Now I was the only non pilot in the group I am right at the fence to start flight training I asked how that would work with a low time pilot with say 60 or 70 hours -( being optimistic here) . According to him it is doable. I then mentioned getting supplemental insurance( I am an AOPA member) and he said that it would not be necessary for what it's worth.
We then went to the hangar to look at a 2012 DA40 XLS , this was on Feb 9 the day after the snowstorm . They are pushing buyers towards the new 2013 Diamond DA40 XLT with first year maintenance under warranty.
From my admittedly limited perspective it looks like a fairly good deal. Time will tell..
