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The flying bug (Read 1755 times)
Reply #15 - Mar 1st, 2003 at 2:09am

BFMF   Offline
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Pacific Northwest

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Brett,

That's an interesting scenario. However, it may be easier for some people to spend $10,000 on lessons and gear to get a license then to purchase an aircraft for $150,000+ plus all the maintenance required
 
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Reply #16 - Mar 1st, 2003 at 4:37am

Whitey   Offline
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Personally, I've had a,lesson, loved it.  Want my license, of course, but like other folks, it's just too damn expensive.  Right now, my only hope lies in impressing when I get flying with the ATC so I can get a powered flying scholarship. Wink  I guess a scholarship done that way would be in the Grob Tutor...

I calcualted the cost of getting a license through lessons at my local aiport...not cheap...about £5000. Undecided
 
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Reply #17 - Mar 1st, 2003 at 6:34am

Smoke2much   Offline
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Sittingbourne, Kent,

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I just bought Flyer Magazine, a UK GA publication (March 2003 £3.25).  There is an advert in the back that states that they can train me from scratch to ATPL for £25040, or $37500.  My wife seems to think that this would not be such a good idea though.  Oh well.

Will Grin
 

Who switched the lights off?  I can't see a thing.......  Hold on, my eyes were closed.  Oops, my bad...............&&...
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Reply #18 - Mar 1st, 2003 at 3:22pm

Brett_Henderson   Ex Member
EVERY OUTER MARKER SHOULD
BE AN NDB

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Quote:
That's an interesting scenario. However, it may be easier for some people to spend $10,000 on lessons and gear to get a license then to purchase an aircraft for $150,000+ plus all the maintenance required


Woe nelly,,,  a good used 172 can be had for under $50,000 and  financed for about $250-month...  leasing the plane back off-sets maintenance,, and insurance is dirt-cheap...   like I said,,if you don't wreck it,,  you can sell it when you're done  (maybe even at a profit)..

Any way you slice it  $250/month is cheaper than 3 people renting for the 100 plus hours !

I DID say it would take some leg-work  Wink   but if you're motivated to fly,, this is one way to make it affordable...

 
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Reply #19 - Mar 1st, 2003 at 3:33pm

BFMF   Offline
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ok,  now I understand Embarrassed
 
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Reply #20 - Mar 1st, 2003 at 3:52pm

Iroquois   Offline
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Happy Halloween
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I've thought about taking lessons at the local airfield but they must be very expensive. I think it would be nice to see Ontario's beautiful scenery from the sky. But like I said it's way too expensive. They did have an airline business management course at Western University in London Ontario, which offered flying lessons as an optional program but they strongly recomended highschool physics. I just loathe complex math so too bad for me.
I fly R/C model aircraft which I find is fun and challenging. Great hobby for thoes who want to fly real aircraft on a budget.
There's a flight school at my local airfield so maybe I'll get a job there washing aircraft or something in the summer to pay for lessons.
 

I only pretend to know what I'm talking about. Heck, that's what lawyers, car mechanics, and IT professionals do everyday. Wink&&The Rig: &&AMD Athlon XP2000+ Palomino, ECS K7S5A 3.1, 1GB PC2700 DDR, Geforce FX5200 128mb, SB Live Platinum, 16xDVD, 16x10x40x CDRW, 40/60gb 7200rpm HDD, 325w Power, Windows XP Home SP1, Directx 9.0c with 66.81 Beta gfx drivers
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Reply #21 - Mar 1st, 2003 at 4:54pm

Brett_Henderson   Ex Member
EVERY OUTER MARKER SHOULD
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Here's a breakdown:

C172's rent for (+\-) $90/hour Wet (fuel included)...

Take out 40 percent for the fuel you'd have to buy for your own plane,, and you're left with aprox $55/hr for the plane.

Even if the 3 guys only average 2 hours per week each in the plane,,  that's $1,320 per month if you rent. Compare that to $250 per month if you own...  Even if you have to pay for ALL maintenance yourself (not lease it back to other pilots)... it's  still MUCH less expensive than renting.  Plus,,remember we're gonna get a discount from the CFI for promising him steady work from 3 student pilots  Wink

 
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Reply #22 - Mar 1st, 2003 at 6:14pm

jghost5   Offline
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Jghost5
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Reply #23 - Mar 1st, 2003 at 6:21pm

jghost5   Offline
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Peace&Harmony sucks!
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Seriously, check this out for the price. Reserves already met. You guys got me thinking and I'm supriced to see a 152 for around this price. 
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=2404792162&categor...
 

Jghost5
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Reply #24 - Mar 1st, 2003 at 7:35pm

Brett_Henderson   Ex Member
EVERY OUTER MARKER SHOULD
BE AN NDB

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I'll dig up the names of banks and insurance companies that specialize in aircraft.  The only one I've been involved with is "Door Aircraft Financing"(or close to that),, if your credit is strong, they'll go 20 years on a C172,,  10 on most 152's...(of course you don't keep it that long,,just keeps the payments low while your training)

It depends mostly on when the engines need rebuilt and when the last annual was done..


(I have a feeling that twin Cessna will need $60,000 in engines soon   Wink   )
 
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Reply #25 - Mar 2nd, 2003 at 4:45pm

ysteinbuch   Offline
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A little turbulence doesn't
hurt!
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