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- Dec 5, 2010
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GeorgeC
I just made my first attempt at buying into an airplane. Ultimately, we could not agree on how to answer the questions that came up during the prebuy, so the deal was not consummated.
While the experience was very educational, in hindsight, I am wondering if a non-equity partnership would have been a better fit. How are these typically structured? Do non-equity partners typically pay for gas, insurance, an hourly rate for maintenance, and a share of the fixed costs? Or are variable costs like annuals and upgrades also included? How does one go about finding such a partnership?
While the experience was very educational, in hindsight, I am wondering if a non-equity partnership would have been a better fit. How are these typically structured? Do non-equity partners typically pay for gas, insurance, an hourly rate for maintenance, and a share of the fixed costs? Or are variable costs like annuals and upgrades also included? How does one go about finding such a partnership?