Wanted C172 Partners Abbotsford CYXX $750

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whm
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Wanted C172 Partners Abbotsford CYXX $750

#1 Post by whm » Tue Jan 23, 2018 3:40 pm

Ideal for:
• CPL students.
• Time builders.
• Cross Country flyers.

Perfect for those who want:
• Real aircraft ownership with low investment.
• Flexible open self serve booking with few rules and restrictions.
• No minimum flying hour charge for long bookings.
• To save flying costs.
• Easy out. No term commitment.
• A well-maintained, easy to fly four seater.
• Easy access any time.

Also available:
• Extensive Cessna 172 checkout for licensed pilots returning to flying after some time away.

Equipment Details:
1980 C172N, 2600 TTSN 500 SMOH, VFR only.
Lycoming O320-H2AD 160hp original engine with all AD/SD including "T-Mod". VOR, ILS, ADF, GarminSL40 Com, Cessna Nav/Com, Garmin 327 transponder, KMD150-GPS, Pulselite LED, Rosen Visors, Kannad 406 ELT with cockpit remote. NDH. Well maintained. Annual August 25, 2017.

Hangar Details:
Known to be always hangared since at least 2009. Kept in an insulated, partly heated, humidity controlled, quartz lit hangar in Abbotsford. Free parking close by. Headsets, survival gear and pfd's available.

Incorporated Company:
You become a company shareholder. Saves on sales tax. Helps insulate members against personal liability. Must sign the company Shareholder Agreement. All partners must comply with its Standard Operating Procedures. Terminate any time, no minimum term. See the Shareholder Agreement and Operations Procedures for complete rules and provisions. These are provided during orientation.

Minimum experience:
Private License with at least 150 hr total time with plans for advanced training. No accidents or infractions. Sorry, Private License students not considered.

Schedule Bookings:
GMail Calendar bookings can be made from any device. First come, first serve.

Some of the main Rules and Restrictions:
Max six days booked at any time, unlimited hours per each of the six days.
Max overnights six per year with no minimum hours or extra charges.
More nights may be considered with a minimum charge.
Lower Mainland and Vancouver Island destinations only. Other destinations OK with prior approval, requires appropriate recent experience.
Smart phone required on board.

Costs:
Cost Frequency Description Notes
$1 One time Share Purchase
$750 One time Shareholder Loan Acts as a damage deposit. Fully refunded if your account is terminated in good standing.
$200 One time Initiation Fee Covers admin and 1st checkout, not incl flying costs. Non refundable.
$130 Tach Hour Flying Hours wet incl oil and fuel, NO TAX. (A tach hour is about 15% less than a Hobbs hour. Most club rentals are priced on Hobbs time plus tax. Save an additional 25% over typical club rentals.)
$136 Annual Insurance Group Insurance additional premium.
$250 Annual Insurance Under 300hr total time additional premium.
$500 As required Pre Paid Flying Min prepaid flying hours deposit by eft. Use your fuel receipts to pay for flying hours.
$110 Annual Fixed Costs Fixed Costs, repairs and upgrades are charged at 1% per shareholder. No other costs are foreseen.

Insurance:
Open Pilot coverage. $3m Aggregate Liability. $1M Liability for pilots under 300 hr TT.

Minimum flying hours charge:
Calendar Minimum Flying Hours Charged per month Applies to
November-March 1 hr All Pilots
April-October 2 hr Pilots over 300hr TT
April-October 3 hr Pilots under 300hr TT

Application Process:
1. Telephone familiarization.
2. Viewing of the equipment and hangar.
3. Orientation fee paid.
4. Check Ride. May require more than one session depending on experience and currency.
5. Review and sign Agreement and SOP.
6. Pay balance of fees.
7. Access to on-line calendar and flight bag are provided. Orientation checklist completed.
8. Start Flying!
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