|GlobalAir would like to extend our thanks to everyone that stopped by our booth last week at EAA AirVenture! Our new Mobile ARC (Airport Resource Center) was VERY well received, and we made many new friends (as one always does in Oshkosh)! You can check it out from your mobile device right now!
We would also like to extend a congratulations to Jim Corbin from Winona, MS – he was the lucky winner in our drawing for a $100 gift certificate to Aircraft Tool Supply. His name was drawn from over 450 entries!
Jim brought his daughter to the show for a few days, flying in his 1953 Pacer, and had a wonderful adventure. Congratulations, Jim!
Only in California can you have a brand new, yet vastly experienced FBO. Cutter Aviation/Bob Hoover Jet Center, founded in 1928 by William Cutter, just opened their newest facility in Van Nuys (VNY) in July.
I spoke with manager Tom Magglos, a veteran ATP rated corporate pilot with five years of FBO management experience, about what makes this facility special. "I believe that the combination of the decades of experience of Cutter Aviation, plus the involvement of aviation pioneer Bob Hoover speaks volumes about what to expect!"
In addition, Magglos was proud to be the Piper sales and HondaJet sales and service centers for the region (forthcoming).
Like everyone at Oshkosh, I was most looking forward to Ives Rossy, aka Jetman, take to the skies with that jetpack we've all been promised since the 50's. That's the 1950's to you kids.
It was a huge crowd gathered to witness history for the festival, with dads all around me forcing their kids to sit down and watch - the same way my mom made my sister watch the moon landing. Didn't matter that she was only 5 months old - Mom just wanted to say "she saw it". Everyone KNEW they were going to see something special.
Shortly, Rossy took to the sky in his launch helicopter, climbing higher and higher. The announcers kept us entertained with the details of how Rossy arching his body changes the direction of flight, or how he normally does a 6-point landing (feet, knees, then hands), but sometimes adds a 7th point (his nose). We also learn that every jump is different, because the air is different, the wind is different, his frame of mind is different, etc. I morbidly joke that the ground is always the same - hard.
Suddenly, he was out. You only knew he was freefalling because of the big screens showing the view from Rossy's wing. So we're all scanning the sky, seeking this miracle worker. And we're looking. And we're looking. And we're...WAIT! Nope, that's a seagull. And we're lo..THERE! We see an arrow-shaped pinpoint move swiftly across the sky, darting from cloud to cloud. This is cool! This is great! This is...happening 2,500 feet up in the sky, and I barely see him.
Don't get me wrong, it was cool to be there, and everyone around me was rightly awe-inspired. However, I didn't really get that "I'm a part of this" feeling I went to receive. I blame my own build-up - kind of like going to the opening night midnight showing of "Star Wars: The Phantom Menace". At least this was cooler technology than what brought Jar Jar Binks to life!
After 10 minutes of occaisionally getting a glance of the world's smallest stealth bomber playing hide-and-seek, suddenly the parachute was out, and he was on the ground three minutes later. I think I finally got him on camera at that point. My work here is done!
So what did I learn today? I learned I STILL want my jetpack I was promised in the 50's - just so I can finally get a good picture of Jetman.
Check out the attached video!
Jetman2.MTS (9.66 mb)
With a light aircraft, sharing the costs among two or more owners is common. If you own a small business, using a light aircraft may be ideal and time-efficient. Sharing the costs with another owner can bring down the threshold of cost.
Successful shared ownership requires consideration of the Three C's: Compatibility, Compromise and Contracts.
There needs to be a degree of compatibility between the owners. The type of aircraft must be suitable to the owners' missions. A Cessna 206 and a Mooney Ovation have different strengths. So do a PC-12 and a Piper Meridian. If you are becoming a second (or third) owner, make sure the aircraft will be effective at what you need to do: big load hauler or speedy cross-country machine. Just as important as the mission is NOT having similar flying schedules. If both owners need to use the aircraft every Monday thru Wednesday, sharing cannot work. Ideally owner #1 is a weekend flier and owner #2 is a business-weekday flier. Discuss in advance what your expectations are and how you will schedule the use of the aircraft.
Even if the owners have compatible aircraft requirements and complimentary travel schedules, there needs to be compromise. There will be times when you need to allow for flexibility in the schedules. Visiting family for Thanksgiving? Maybe this year you get the plane and your partner gets it for next year. Other compromises may involve the maintenance and upgrades. If you are a heavy-IRF flier and your partner isn't, then your requirements for upgrading the avionics will differ. If you fly for your business and take passengers, the interior standard you have may well exceed the pleasure-pilot.
Lastly, there needs to be a contract outlining the sharing of the costs and the responsibilities of each owner, and perhaps most important: a way to end the shared ownership. Will you split the fixed costs like hangar and insurance along ownership share? Will you set up a reserve account to pay in advance for the maintenance? What about unscheduled maintenance, how will you split the costs? The engine may cost $38,000 for an overhaul, or cost well over that if you want to do an exchange. How soon do you want that engine back? What do you do if one owner wants out (or cannot afford to stay in)? What if you ant to take on an additional partner? This should be in writing to keep the relationship as amicable as possible.
Before entering into a shared ownership, sit down and really look at the costs. The hourly rental at the local FBO may seem high until you figure out the cost of the initial investment and fixed costs. Sharing the ownership of an aircraft can lower to cost to access ownership, but everyone involved needs to work together to maximize the utility of the aircraft.