It is common for aircraft to be owned by an economic association or a corporation.
The reason for being a partner rather than an owner is that the costs become lower when they are shared by several.
Shareholders should think through their travel needs and what it may cost.
When natural persons are part owners of an aircraft, they are usually but not always pilots.
If the motive for shared ownership is recreational, then downtime is due to maintenance usually not a big worry. However, a canceled business trip must be valued differently.In terms of accessibility, it is therefore more advantageous for a modern aircraft.It is usually expected that maintenance costs will increase by about 15% per ten years of the aircraft's age.Economically, a relatively new aircraft is often the most predictable choice.
It costs more to buy a modern aircraft but is also easier to sell at a reasonable price.
Whether the motive for aircraft ownership is recreational or commercial, it is usually it is advisable that the agreement runs for a specified period of time t, eg five years as conditions change.
Choice of aircraft.
The make / type should be established in the market for at least ten years, so that there is experience.
A leisure aircraft need not be able to fly in "all weather" and costs less purchase and operation.
An aircraft to be used year round must have equipment that makes this possible (de-icing).
What a prospective partner should consider is the number of seats (load capacity), travel length and travel time.
An aircraft has the ability to carry a certain load, which can be made up of both passengers, luggage as fuel. Full number of passengers, luggage normally means that the fuel tank cannot be filled completely.Thus, there is a limit to how far you can fly with a given load.
A travel aircraft should have a speed of 300-350 km / h in order to arrive anywhere within a reasonable time.
A journey from Västervik to Riga takes 1 hour, 15 minutes at 180 kt (330 km / h) or 2 hours to Berlin.
The big advantage is that the aircraft departs when you want to, and it lands where you want.
The opportunity to save time is significant. Flying privately, however, costs significantly more than regular flights.
A co-owner pays both a contribution for his share in the legal person and partly annual fixed costs
and partly for variable costs (flight). It is possible to mortgage an airplane but it is cheaper to
borrow on a property.
Private aviation is a safe mode of transport compared to car traffic.
Availability has a price tag. Shared ownership implies some limitations in that regard.
The parties should have a background that allows them to stand for their shareholding in an aircraft.
They must enter into a written agreement regulating the conditions and commitments.
It is advisable that a limited number of people be trained to fly the aircraft.