AN AIRCRAFT PARTNERSHIP LEADS
TO A PARTNERSHIP FOR LIFE
In 1998, Adam Smith, EAA 653205, bought a one-fifth share in a
Piper L- 4 based in Scotland. “I had no money and couldn’t really
afford it, but this was the crucial breakthrough that truly got me
started in aviation.” The aircraft partnership also brought some
romance, too. One of the other shareholders in the L- 4 was airline
pilot Janet Davidson, EAA 653207, and their flying friendship blossomed into marriage. “The Cub definitely brought us together,
hanging round the airport in the group that was attached to the
aeroplane,” says Adam “This photo is from last Christmas when we
went back to Scotland and flew G-BWEZ for the first time since we
moved to Oshkosh in 2001.”
APA’S ONLINE SERVICE LEADS
TO LSA SUCCESS IN VIRGINIA
Bill Bocazny reports that the APA was the gel that brought his LSA
partnership together. “I saw a mention of the startup of the APA in
an aviation magazine in January 2009 and immediately registered
and found my two future partners who were already APA members
looking for a third partner. Initially, I had placed bulletin board ads
with pictures of the airplane I was interested in at local airports, but
got no responses.” Bill’s group took delivery of a new Tecnam P2002
Sierra special light-sport aircraft in June 2009. It is hangared at
Warrenton-Fauquier Airport (HWY) in Warrenton, Virginia.
TWO BONANZAS COMBINE TO MAKE ONE
MALIBU AND TWO HAPPY PARTNERS
Frank Gibson, EAA 1010283 and Jeff Witwer, EAA 767232, met in 2001 when they
were both commuting in their nearly identical A36 Bonanzas into San Carlos
Airport, just south of San Francisco. A few years later they separately moved to
Bend, Oregon, where again each spotted the other’s A36 at their new home base.
A strong friendship started to evolve, based on their mutual love of flying and
common aircraft type. After a few months in Bend, they noticed that their flying
missions had changed. Flights were longer, less frequent, and over less hospitable
mountainous terrain, with the occasional threat of en route icing. Each could have
upgraded his Bonanza with supplemental type certificated turbonormalizing and
TKS de-icing systems. Alternatively they could switch to a different aircraft in which
these features were included at the design stage. After a few evenings on the
Internet looking at photos and going over numbers, they realized they if they
shared a plane, they could upgrade to a turbocharged, known-ice Piper Malibu at
a lower cost than upgrading their individual Bonanzas…and get additional benefits of pressurization and a newer airframe.
Considering a partnership was new territory for both of them, because for years
they had both enjoyed having their own planes without having to worry about
shared decisions. But other than one or two schedule conflicts, not significant
over a period of almost four years, Frank and Jeff report no problems or disadvantages of the partnership.
For links to online resources, including
templates for establishing a co-ownership
agreement, and articles on insurance considerations, visit www.SportAviation.org.
Aircraft Ownership: A Legal and Tax Guide,
Raymond C. Speciale, McGraw-Hill
Airplane Ownership, Ronald J. Wanttaja,
McGraw-Hill Professional, 2005.
Aircraft Partnership, Geza Szurovy, McGraw-Hill Professional, 1998.
Buying and Owning Your Own Airplane,
James E. Ellis, Aviation Supplies & Academics
(ASA) Inc., 2004.
Keeping the Peace in Partnerships,
Bruce W. Luedeman, Matthew Group, 1996.
Call EAA at 800-564-6322 ask for Item F38000.
“More Airplane, Less Money,”
Thom Riddle, EAA Sport Pilot & Light-Sport
Aircraft magazine, Jan. 2007.