I had a friend approach me with a frustrated voice. He wanted to learn how to fly, and was passionate about it, but had no idea how to get started. He had no idea what it meant to own an aircraft. (You can read about the whole conversation here.) From this conversation, I knew I wanted to develop this environment for private aircraft owners. The conversation made it clear why we are here, and how we can help.
Aviation is an expensive endeavor. If you want to own your own plane, rent, or join a club, the cost can be daunting. But if you work with a financial advisor and build a sound financial plan, you can bring your dream of ownership to reality. You can make the entire family comfortable by understanding the long-term financial picture, with your passion for flying.
I have often said that “Buying the Airplane is easy … it’s the care and feeding of the beast that’s hard”. Whether it’s financing the aircraft, structuring the ownership, or budgeting for the ongoing care and feeding, all while planning for future expenses. PrivateAircraftOwnership.com can help you put all of it into view.
Once you have bought the plane, you have accomplished the first step, the easy part, now comes the ownership and the costs associated. For example, unlike your car, where you can choose to defer some maintenance items, with a plane, doing that can put your life in danger. If you have a $5,000 bill to replace a prop governor or to repair a gear actuator, you can’t blink. You have to repair the plane! And, you have to dig into your wallet when your annual was anticipated to be $4,000 and comes in at $10,000 with spar corrosion. If you build a plan, with a reserve, you can assure that you can keep your passion, and you, alive.
PrivateAircraftOwnership.com is a place to come and learn about all the financial dimensions of acquiring and owning an aircraft. It’s designed to provide resources, information, and guidance about integrating that passion into the rest of your financial lives.
If you would like to speak to a financial advisor about your aircraft ownership dreams, schedule your free consultation.