A: You can still buy in. You will need a qualified instructor to fly with you until you meet the minimums. Bring your own CFI or use one of ours. Many/most of us will come in without enough “Time in make and model,” for example.
A: There will ten stakeholders for the Mooney M20M Bravo GX. This spreads costs out and keeps availability at a manageable level.
A: This model works well in other partnerships that have been experienced over three decades. It keeps costs low and manageable. As an example, we limit ourselves on how many bookings we can have on the calendar at a time, which helps with availability. In another similar partnership, “the plane is almost always available when I want it.”
A: Entirely up to the Stakeholders. Several ideas have been floated, such as a Cessna 421C pressurized twin, a Redbird MCX full-motion FAA-certified simulator, and others.
A: Initially, they are an estimate based on the current market. The estimate includes the price of the aircraft, plus engine and prop funds, and pro-rated first year annual maintenance. As costs become more solidified, they are shared among the stakeholders.
A: The Bravo lives in a shade hangar at U42 today. In the meantime, we have been on lists with Salt Lake City Department of Airports (SLCDA) for a couple of years for enclosed T-hangars. We're on the list for both single-engine size and twin-engine size; we will take either.
A: The aircraft will be located at South Valley Regional Airport (U42) in West Jordan, Utah.
A: Yes, for future asset acquisitions. The corporate entity is setup to allow a sub-entity per airport. The Bravo will be at U42. Other airports could be considered for other aircraft.