I am considering an aircraft partnership in our company's Extra 300L, a plane that I can't fly, for various practical reasons. I'm not insurable in it without extensive training and hours, both of which I don't want. My health is not great, and I have issues with anything more than a few "G's" (that I've never been able to address in my 37 years of flying). I have absolutely no desire to do aerobatics, don't want to fly the plane in a travel type mode, and at this point, I can hardly climb in and out of the thing.
The upside is that I may be able to get it for an absolutely fantastic price. The downside is that I must keep it for some time before I can sell it. Let's say a year or two.
The other partner is a world class professional pilot, and has been, pretty much the only pilot in this plane since new. It's not likely he will put many hours on it, if history is any guide. His interest is much like mine, buy low, keep, sell after a time.
The plane has 250 hours total time, about 100 hours on the rip-snorting BPE high performance engine, about 30 hours on the prop, a Dynon skyview EFIS and is in wonderful shape.
Thoughts?
The upside is that I may be able to get it for an absolutely fantastic price. The downside is that I must keep it for some time before I can sell it. Let's say a year or two.
The other partner is a world class professional pilot, and has been, pretty much the only pilot in this plane since new. It's not likely he will put many hours on it, if history is any guide. His interest is much like mine, buy low, keep, sell after a time.
The plane has 250 hours total time, about 100 hours on the rip-snorting BPE high performance engine, about 30 hours on the prop, a Dynon skyview EFIS and is in wonderful shape.
Thoughts?