Anyone ever use or hear of this website? I was browsing fractional ownership and this site came up. It looks interesting but I'm wondering how much more they charge than if I just form my own partnership. Also, if anyone has used them it would be nice to know how easy they are to deal with and how well they maintain their planes..
http://www.flyteone.net/aircraft.html
that's the site for reference...
flyteone.net ?
Moderator: drseti
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flyteone.net ?
Just getting into flying and loving it
Certainly looks promising - although I'm curious as to what the buy-in is in addition to the other questions posted...
Brian Garrett
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While I'm not familiar with Flyteone, I would not recommend that approach. Here are some better alternatives, I think.
1. First, determine if co-ownership (c-o) is going to be right for you. This isn't just a budgetary question, or based on anticipated flight hours - it's much broader than that and relates to all the aspects of a/c ownership that will matter to you. A great way to get in touch with what your own preferences are re: a partnership is to review the lengthy on-line overview on c-o offered by AOPA. Download and review their draft c-o agreement, consider each of the requirements, look for things you would want to add or change, and develop your own idea of the kind of c-o you want. This is actually a pretty straightforward process if you read AOPA's discussion, and it results in you knowing what's important to you whether you form a new, join an existing or begin a search for a c-o arrangement.
2. Use AOPA's own Partnership search service, which they recently purchased from the founder and are now upgrading a second time. You can search for existing partnerships in your area and/or use it to create a new partnership from scratch. Supplement this by reviewing the bulletin boards in the various aviation businesses at those airports you'd be willing to drive to. Identify the existing sharing arrangements in your area by talking to folks at the FBO's and in the open hangars. (I'll bet you will find available shares in several a/c just by making the rounds of the airports).
Why is doing this better than using Flyteone? My concerns would be that they will charge a fee, they will tend to market to you the partnership they already are trying to form, they won't necessarily be driven by what your specific c-o requirements are nor will they be especially concerned about lobbying for them with other potential clients and - perhaps the key issue - the 'mid-wife' role in my experience is very helpful in winnowing out and identifying the right people who will make a partnership work. And picking the right partners is key to any c-o arrangement.
1. First, determine if co-ownership (c-o) is going to be right for you. This isn't just a budgetary question, or based on anticipated flight hours - it's much broader than that and relates to all the aspects of a/c ownership that will matter to you. A great way to get in touch with what your own preferences are re: a partnership is to review the lengthy on-line overview on c-o offered by AOPA. Download and review their draft c-o agreement, consider each of the requirements, look for things you would want to add or change, and develop your own idea of the kind of c-o you want. This is actually a pretty straightforward process if you read AOPA's discussion, and it results in you knowing what's important to you whether you form a new, join an existing or begin a search for a c-o arrangement.
2. Use AOPA's own Partnership search service, which they recently purchased from the founder and are now upgrading a second time. You can search for existing partnerships in your area and/or use it to create a new partnership from scratch. Supplement this by reviewing the bulletin boards in the various aviation businesses at those airports you'd be willing to drive to. Identify the existing sharing arrangements in your area by talking to folks at the FBO's and in the open hangars. (I'll bet you will find available shares in several a/c just by making the rounds of the airports).
Why is doing this better than using Flyteone? My concerns would be that they will charge a fee, they will tend to market to you the partnership they already are trying to form, they won't necessarily be driven by what your specific c-o requirements are nor will they be especially concerned about lobbying for them with other potential clients and - perhaps the key issue - the 'mid-wife' role in my experience is very helpful in winnowing out and identifying the right people who will make a partnership work. And picking the right partners is key to any c-o arrangement.
Jack
Flying in/out KBZN, Bozeman MT in a Grumman Tiger
Do you fly for recreational purposes? Please visit http://www.theraf.org
Flying in/out KBZN, Bozeman MT in a Grumman Tiger
Do you fly for recreational purposes? Please visit http://www.theraf.org
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My advice is don't look at this as a single-option choice. Drop by the next meeting of your local EAA chapter, put up a few posts on local FBO and flight school bulletin boards, post what you are looking for in the room where the next FAAST Wings program seminar is held in your area AND register in AOPA's parternship program so you can filter out likely candidates to send a message to. You might find two different partner candidates in two very different ways. Good luck!
Jack
Flying in/out KBZN, Bozeman MT in a Grumman Tiger
Do you fly for recreational purposes? Please visit http://www.theraf.org
Flying in/out KBZN, Bozeman MT in a Grumman Tiger
Do you fly for recreational purposes? Please visit http://www.theraf.org
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- Joined: Thu Dec 01, 2011 7:38 pm
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