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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 program designed to make buying and operating a new Diamond DA40 XLS more affordable by allowing owners to lease out blocks of hours.
  • For members, the program offers access to a brand-new, technologically advanced, and hangared aircraft for a fixed monthly fee that covers most costs, including insurance and maintenance, excluding only fuel and landing fees.
  • The program creates a "win-win" scenario by significantly offsetting the owner's monthly finance note with member payments, while members gain the benefits of flying a modern aircraft with easier scheduling compared to typical rentals or 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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