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The Economics of DiamondShare

The Diamond DA40 XLS I fly, in its hangar at KCDW.
Gemini Sparkle

Key Takeaways:

  • DiamondShare is an innovative aircraft ownership concept designed to make owning a new Diamond DA40 XLS more economical by allowing owners to lease blocks of hours to a few members.
  • For owners, this arrangement can significantly offset monthly finance notes, while members benefit from fixed monthly costs covering most expenses (maintenance, insurance, hangar) for a brand new aircraft.
  • Members gain access to a new, hangared DA40 XLS with advanced Garmin G1000 avionics, full insurance, and easier scheduling, offering a superior experience compared to typical rentals or large flying clubs.
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As many of you already know, I recently started flying a new Diamond DA40 XLS as one of the inaugural “members” to sign up with DiamondShare, a new concept in aircraft ownership that is seeking to dramatically alter the economic equation for buyers.

I first heard about DiamondShare last summer at the Oshkosh Airshow. My dad and I had been kicking the tires of some of the airplanes we liked, including the new diesel 182 at the Cessna exhibit, the sleek Icon Aircraft A5 sport amphibian, and one of my dad’s favorite airplanes, the Maule M-9-235 taildragger. Next, I suggested we head over to the Diamond Aircraft exhibit to have a look at the DA40, one of my favorites.

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