Dotting some "i"s

On Thursday, the 11th of April, KLM Aeroclub had organised the first "shareholders meeting" for the Aquila A210 share holders. Now that the minimum number of share holders is reached, it is time to set up the cooperation, and that takes some formalities. There needs to be a board, and a constitution. The corporation will order the plane, so it must be decided exactly what to order (colour, equipment, registration, etc.)

Demo Day

Saturday the 10th of March, KLM Aeroclub held an Aquila demo day for which a couple of FIs provided their services for free. So at a couple of tenners per hour less cost, it was extra interesting to come and try out the A210, this weekend.
I went too, despite the fact that  already signed the agreement, and did the downpayment. For me, this day was more about socialising, and of course about the progress in finding the necessary participants. Also, I wanted to have some pictures of the already third demonstrator for the club. After the D-EWTF, another one has come and gone already. Now it was F-HARN's turn to complete the club's fleet.

The Aquilla also a very interesting business investment...

I am a technician, so I usually don't endeavour on the economical path. But this is an open door I would like to kick in anyway:

The shared ownership construction with the Aquila of KLM Aeroclub is also very interesting as a business investment opportunity. Even if the business does not appoint a pilot that can fly at a reduced rate. The expected ROI is 10%! 

Crunchin' numbers

I started this blog, because when I was trying to decide how and where I would goo try to get my PPL (Private Pilot's License), I could not find any information on how people decided on flight schools, shared ownership or not, flying clubs, and what not. That lack of information inspired me to write down my own considerations, to serve as a basis for others finding themselves in a similar situation. Of course, this is all specific to my situation, and every situation is different, so your choices will probably end up to be different ones, but it's the thought process that counts, along with some hard numbers.

Aquila A210 share?

In the mean time, I have heard that KLM Aeroclub is considering to acquire an Aquila A210, and set up a participation / share construction with that plane. I have seen all the numbers involved, but promised to sit on them until this is all out of the concept phase.
Just like the other participation constructions, there is an initial fee to get aboard, and a reduced hourly rate as a consequence. But because it is a participation construction within a club, a clever scheme has been implmented, where it is possible for other club members to rent the plane as well (at a higher rate, but cheaper than with any other renting agency). Adding it all up, the costs will end up slighly higher than with the DA-20 or AT-3 shares.
For that money you will get a bit "more plane" too. The A210 is a spacious two-seater. I've been told that after a flight in the A210, the DA-20 suddenly seems "cramped". Also, the model that the KLM Aeroclub has in mind, has a Garmin G500 glass cockpit, which I find very appealing.
I would love to sit in one...

The ways to Rome

This summer, I want to go for a test flight. Assuming I only have the money for one flight, I want to make the most of it. So, if possible, I would like to make that flight with the school of which I now think I will join to follow my PPL course.

In general, I have three options:
1) Rent a plane and Flight Instructor directly from a flight school
2) Join a flying club that also provides PPL courses
3) Enter into a shared ownership construction that allows PPL training