Rates
Aircraft Hourly Rates
Members pay an hourly rate, based on tach time, not Hobbs time, for use of the aircraft. Use of tach time instead of Hobbs time usually results in a 10% lower-than-Hobbs time for cross country flights, and 15 to 20% lower-than-Hobbs time for local training flights.
As of August 2009, hourly rates were:
· $97 for the Warrior,
· $132 for the Arrows, and
· $174 for the Lance.
Unlike renting, all rates are TAX FREE since members are also owners of the aircraft! Rates include fuel. These rates are established and revised periodically to cover debt service, fuel price changes and maintenance reserves. These rates are in line with comparable local market FBO rental options.
Monthly Fee
All members pay a monthly fee to cover the fixed costs of insurance and hanger rent, about $150 as of August 2009, and this entitles them to fly the Warrior and the two Arrows.
In addition, the members who fly the Lance pay an additional monthly charge of $217 to cover the incremental insurance and hanger rent costs of the Lance.
The fixed costs are constant and distributed among active members, so as a new member joins the monthly fees decreases, and as a member departs the charge increases. In the past two years the monthly fees have ranged from about $110 to $150
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