UConnQB14

ok, so the other day i put something up about multi time building and it got a lot of response, so i figure i start with another but related topic... someone suggested i go out and buy one of these planes cheaply and fly them with a few other people.. price gets cut considerably for the hours put in, etc. when there are others involved... so why not start a flight school for cheap.. give some the same type of time they would get at ATP, RAA, etc, but for much less.. the cheapest ive seen in Ari-Ben Aviation in Florida which gives you 100 hrs in a Dutchess for $7900...
lemme get the math right here and tell me if im wrong:

buy two used multis at $100K a piece= $200K
insurance for each of these planes=$25K a year
MEI's= by the hour at say, $15/hr (pretty good)= maybe $12K a year
fuel costs at $4 a gallon= $15K a year...

looking at that, after you buy the planes for the first time, all thats left is maintenance... so hire an IA or qualified A&P guy, open a shop.. the rest is about $70K a year right? do you mean to say that if you charged $5000 for 100 hours of multi time, you wouldnt get enough people to turn a profit at year's end???

now, im an economics major in school right now, and yes, i have the financial backing from big companies and high profile individuals in NJ to do this if i wanted to, but im trying to get in the air, not be buried with this sort of paperwork... my question is why no one ever considers this a valid option... and why is it, that ATP or RAA need to charge $80K for this process? is their name that valuable? multi is multi is multi (unless ur in a caravan)

please respond!

LAfrequentflyer

Work as an CFI - see how the business side of flight school is run , get some experience flying (as a CFI, not as a student or solo...) so you know what to look for in future CFIs you'll hire...

Once you have some work experience in the field under your belt then get into the business side...You'll have more knowledge and confidence...You already have the drive / i have no doubt the raw leadership materials are there in spades - just get some real world experience and the rest of us will be flying the line at your airline in 10-15 years from now...

v/r,
LA

HSLD

Check your PM

daytonaflyer

I know what you meant, but I think the phrase is: "Turbine is Turbine is Turbine unless you're in a Caravan" since a Caravan is a single-engine turbine, not a multi. Some pilots consider Caravan time as useless. I think any turbine time is beneficial, some are just more beneficial than others.