Can you Rent a PlaneCould you rent a plane?
An airplane that pays you -
A lot of airplane operators only use their own airplane for about 50 to 100 operating hours a year. However, such airplanes are precious but not fully utilized asset, about 95% of the working year. Buying and hiring such an airplane for extra flying time can significantly reduce its costs per flying time, making possession more accessible, justified or even lucrative.
Reducing costs: For example, if the car park fee for your plane is $2,000 per year and it travels 50 hrs per year, the car park fee is $40 per flying hour. Your aircraft will be parked at a rate of $2,000 per year. However, if you hired your plane to operate 500 aircraft per year, its park fee would only be $4 per aircraft flying time.
When you first take out aircraft coverage, rent a car park, rent a weather service, subscribe to a GPS database and perform a compulsory annual inspection, your first flying lesson could be very costly, but for each extra flying lesson, the hourly rate would drop. Therefore, it may make commercial business sense to buy and lease an aircraft for extra flying lessons and thus bear its expenses.
California allows California aircraft rental companies to save the property holder tens of millions of dollars instead of having to account for a VAT at the moment of sale. If you are in the aircraft "rental" sector, you can make an annuity of "tax depreciation" that is much higher than the real value of your aircraft.
In addition, you can subtract the running costs of your aircraft (such as servicing, insuring, parking, administrative services) as well as the interest on all credits to buy and own the aircraft. Rent income: The SFC provides direct channel or deck connection so you can hire your aircraft by the hours.
It is up to you to decide at what speed and for how many flying lessons, or who and how many skilled pilot may use your aircraft. The aircraft will only be piloted by persons who fulfil the requirements of your aircraft. The aircraft can earn money. Buying and leasing your aircraft can be a 3-way profit:
They gain with lower operational cost, more revenue and fiscal advantages and ownership of an airplane; students/members gain by having better airplanes and more airplane uptime. The Stanford Flying Club can help you rent your planes and help you keep your plane in good condition with a renting service as well as information and service.
Our links with industrial partners enable us to offer you invaluable help, whether you already have an airplane or would like to purchase one that you can rent or rent. 650-858-2200; Please fill out the following application in order to get the cost of the aircraft: F.A.Q.A. A. The choice of the right plane is a crucial stage that involves an assessment in several different areas.
100 - that's quite a lot of rent! Some extra knot speeds go unnoticed, while the same knot speeds may be welcome on long off-road rides. Cessna 162, Cessna-172 and Cirrus planes of the newer type. In fact, SFC has managed a mixture of aircrafts in the past: some were in the possession of SFC and others were leased on others' orders.
For Stanford Flying Club, the use of aircraft hired by others is more appealing than owning aircraft in order to provide better and more extensive facilities for the initial and further learning of its members without having to commit their small working capital or loans to a pool.
Plane operators can usually offer cheaper airplanes because they can potentially conserve tens of millions of dollars worth of fiscal advantages that SFC cannot or does not have. SFC can, however, only rent a restricted number and type of advanced aircrafts on the on-line site. Part A: Both new and used aeroplanes may be suitable for hire.
More recent airplanes are more attractive for students and lessors than old airplanes. In order to fund the acquisition of a new plane, the available interest rate is generally lower than for used aircrafts and there may be longer amortization periods. More recent aircrafts have lower servicing cost and servicing cost will be lower due to the guarantee.
A. Expense elements are financing expenses, maintenance and repair, electronic services (XM weather, GPS database subscriptions), insurance, depreciation/provisions, parking, land taxes and some administration/marketing overhead. On our aircraft ownership page or in the club offices you will find a calculator that can help you calculate the anticipated hourly averages. If you are using an aircraft owner lease / calculator and shift or diversify the number of flying hours/month so that the net hourly charge is zero, you can see your estimate of your breakeven point.
According to the adjusted rent this can be between 30 and 60 flight lessons per year. If you want to take advantage of fiscal incentive, there are several IRS criteria that your lessor must satisfy. Regardless of the fiscal advantages, you can still enjoy significant hourly savings by renting your airplane.
A. Collaborate with your landlord to determine a rent that is both competitively priced and will cover the cost associated with your aircraft and include a requested hourly rate. In order to be able to offer aircraft via the SFC leasing platforms, the aircraft must comply with the SFC / PUC assurance standards. While SFC has a framework for this purpose, as the aircraft operator you are solely liable for all aircraft charges, up to and includingansurance.
A. In order to provide better engineering assistance, authorised service equipment is favoured for servicing.