Own your own plane - without going broke! Here is the only comprehensive guide to owning an airplane in a partnership - the most affordable way to fly your own bird. the author, a veteran pilot and partner himself, shows you exactly how to take each and every step along the way, from making the decision to co-own...to choosing the right partner(s)...drawing up the partnership agreement...and buying the right plane. Privately owned airplanes average 50 hours of flight time per year, and their owners howl at the high cost of owning and flying today's light aircraft. Many pilots can't afford to own alone. The option of co-owning a plane enables all co-owners to fly their own airplane for a fraction of the cost of sole ownership. Even pilots who can afford sole ownership of an aircraft can take advantage of the extra purchasing power of a partnership to get the plane they really want. This must-have guide to the most affordable means of aircraft ownership covers all the bases, with:

• Real life case-study partnership profiles.
• Step-by-step walk-through of the preparation of your partnership agreement.
• Figuring the costs: financing options; insurance.
• Legal issues.
• Operations: scheduling, maintenance, record-keeping.

Table of contents
Introduction.
Why an Aircraft Partnership.
Partner Compatibility and Goals.
Dollars and Sense.
Make the Numbers Work.
The Co-ownership Agreement.
Financing the Partnership.
Partnership Insurance.
Operations and Maintenance.
Pros, Cons, and Creative Options.
Joining an Established Partnership.
When is a Partnership a Flying Club?
Buying the Aircraft.
Index.