Hi planeguy,
Glad to see you're looking for information before undertaking a
leaseback arrangement. I've know lots of people who've made such an
arrangement without doing that, and many of them were unhappy with the
result. However, I?ve also known a few people who did a leaseback and
were pleased with how it turned out. Like many other endeavors, there
are definitely two sides to this story.
So then, here are a few tools and places where you might begin to
analyze the whole process to see if it?s right for you.
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BASIC INFORMATION
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--?The Top 10 Essential Considerations for Successfully Leasing Your
Airplane for Profit?
http://www.airplanenoise.com/articles/leasing%20for%20profit.pdf
Note that the above file is in pdf format and you?ll need Adobe
Acrobat Reader to read it. If you don?t already have that, you can
download a free copy here:
http://www.adobe.com/products/acrobat/readstep2.html
Or you can read an html version of the same article, here:
http://www.airplanenoise.com/September04newsletter.htm
Scroll down to near the bottom right of this page, where you?ll find a
form to sign up for a 4-part course on the ins-and-outs of aircraft
leasing:
http://www.airplanenoise.com/Business%20Log.htm
--?Is a Leaseback Good for You??
First-time airplane purchasers are often tempted to offset the high
cost of aircraft ownership by leasing their airplane back to an FBO,
flight school, or charter operator. Such leaseback arrangements
typically look great on paper, but are fraught with pitfalls for the
unwary aircraft owner. An expert explains how to avoid getting stung
by doing your homework. From AvWeb (June 7, 1998)
http://www.avweb.com/news/usedacft/182799-1.html
--Cessna Leaseback Program:
http://cessna.com/news/article.chtml?ID=IVuc01UpUcnU6ntkqQr8t0bapN45dpo41xQCs2RwX1JIjp3JOs
--The Aircraft Owners and Pilots Association (AOPA) has a lot of
information about this topic, but you?ll need to be a member to access
some of it. In case you are, here?s a link to a page with a great
deal of information and helpful tools, including a sample lease
agreement:
?AOPA's An Aircraft Owner's Guide to Aircraft Leasing?
Table of contents of this booklet:
-An Overview of Leases
-Choosing the Right FBO
-Aircraft Leasing Rates and Revenues
-Determining the Costs
-Insurance
-Scheduling
-Tax Considerations
-Cash Flow Projections
-Lease Agreement Provisions
-Leasing Checklist
-Frequently Asked Questions on Leasing
-Sample Lease Agreement
This is followed by a hyperlinked list of articles on the subject, including:
?To Lease or Not To Lease: Can You Make an Aircraft Work for You??
By Patti Arthur
AOPA Flight Training, July 1998
?Aircraft leases can be rather confusing to the uninitiated. If you're
an aircraft owner and you're thinking about leasing your aircraft to a
flight school or other individuals, you should understand some basic
rules and terminology. In addition, to avoid potential future problems
you should speak with people who know about the leasing process. It's
also important to find out what types of leasing activity the FAA sees
as air chartering.?
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DISCUSSIONS
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Links to several discussion threads, pro and con, with opinions on the subject:
http://www.ozipilotsonline.com.au/forums/archive/considering-owning-wleaseback-for-future-training-18706.htm
http://www.aeroplanner.com/ubb/Forum11/HTML/000002.html
http://www.aeroplanner.com/ubb/Forum2/HTML/000155.html
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TOOLS
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Spreadsheet entitled, ?Flying Club/Leaseback Cost Analysis? ? very
complex and complete with macros, etc. Note that it?s in MS Excel
format:
http://www.dauntless-soft.com/downloads/alan_hoffler_leaseback.xls
This reprint of an AOPA article entitled ?Overview of Leases? also
contains a sample leaseback agreement:
http://www.airplanenoise.com/articles/AOPA%20Leasing.pdf
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I hope you?ll find this information helpful. In finding it, I used
the following search terms, which you may use yourself if you?d like
to continue looking:
[aircraft leaseback]
[aircraft leaseback spreadsheet]
[aircraft leaseback sample agreement]
[aircraft leaseback OR lease OR leasing]
In addition, I used my own bookmarks for AOPA http://www.aopa.org and
AvWeb http://www.avweb.com and then used the above search terms on
those sites as well.
If something isn?t clear, or you have trouble with a link, please let
me know in a Request for Clarification before rating and closing your
question, and I?ll be happy to explain further or repost a link. Best
of luck to you in making your decision.
Blue skies and tailwinds,
Byrd-ga |
