OpenAirplane Expands Network to Aircraft Owners

Stephen Pope

Friday, April 04, 2014 at 07:37 PM ET

Verified

** OpenAirplane**

Key Takeaways:

OpenAirplane has introduced "Collaborative Aircraft Rental," a new service allowing private aircraft owners to rent their personal planes to qualified OpenAirplane members.
This program enables owners to generate revenue from their aircraft when not in use, with OpenAirplane managing billing (for a 10% fee) and offering a specialized insurance policy through Starr Aviation.
The system ensures pilot qualification through annual training and an owner rating system, providing certified pilots with streamlined, hassle-free access to aircraft across OpenAirplane's growing network.

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Ever wished you could rent your airplane to strangers? OpenAirplane, the creator of a Zipcar-style aircraft rental network, announced a new service called Collaborative Aircraft Rental that aims to let aircraft owners rent their personal airplanes to qualified OpenAirplane members.

The idea is to broaden the OpenAirplane network of available aircraft while allowing owners to bring in revenue from their otherwise idle airplanes. Posting aircraft availability on the OpenAirplane website is free, the owner gets to decide how much to charge per hour, and OpenAirplane in turn handles the billing and credit card processing — and takes a 10 percent cut for their trouble.