Flight Design Announces Fractional Ownership Program | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 03.02.15

Airborne 02.24.15

Airborne 02.25.15

Airborne 02.26.15

Airborne 02.27.15

Airborne Hi-Def On YouTube

Airborne 03.02.15

Airborne 02.24.15

Airborne 02.25.15

Airborne 02.26.15

Airborne 02.27.15

Fri, Jul 25, 2008

Flight Design Announces Fractional Ownership Program

"CT Partners" Aims to Decrease Flying Costs

Flight Design USA announced Friday the launch of the "CT Partners" program, believed to be the first fractional ownership program for light-sport aircraft (LSA).

"In my Bonanza, I burn 16 gallons an hour at $6.00 a gallon," said CT Partners program developer Robert Mann. "In the CTLS I burn 4.5 gallons an hour and can use high-test auto gas at $4.50 a gallon. That's $96/hour versus $20/hour in the CTLS, a savings of nearly $8,000 a year if you fly only 100 hours."

Mann is starting the fractional ownership arrangement in Danielson, CT using a new fully loaded CTLS. A lifelong pilot, Mann is manager of an investment advisory company and a small hedge fund.

"I have been an entrepreneur all my life and have financed a number of businesses," said Mann. "It is important to me to work hands-on with a new business concept, develop intelligent trade practices and then roll out nationally."

CT Partners is an airshare arrangement where 10 people may own the plane with the right to 50 hours of use per year including 10 overnights per person. Each partner contributes about $15,000.00 to own the airplane with no debt. The CT Partners management company will book the airtime, handle the 100-hour maintenance inspections, annuals and pay the insurance for $350.00 per month.

Mann said he plans to lease the airplane to New England Flight Services, LLC to secure insurance for multiple owners. The FBO will provide flight instruction and make sure each partner is competent in the aircraft. Although rentals can lower costs for the Partners, program owners will have first priority to book the aircraft.

Mann is launching the first fractional ownership program at the Danielson airport (5B3), located close to importer Flight Design USA. After gaining experience, he expects to spread the concept across the country.

The long-range plan is to make CTs available to owners in other partnerships when they are traveling, sharing a network among independent groups.

FMI: www.flightdesignusa.com

Advertisement

More News

Airborne 03.02.15: HeliExpo, UAL Pilot Warning, WWII Flyover, RAF Aids In WV

Also: Blue Angels, Fuel Taxes, Twirly Birds, Bell 429WG, Delta Selects GoGo It’s common for airlines to issue numerous safety notice to flight crews, but United Airlines issu>[...]

EASA Certifies Continental Motors’ CD-155 Engine For DA42 TDI

Now Approved For European Installation, FAA Certification Pending EASA has certified Continental Motors Group CD-155 hp Jet-A diesel engine option for installation in the Diamond t>[...]

Counting Down! ANN's Infamous April 1st Edition's Just Around The Corner!

Get Your Wacky Ideas In NOW! ANN E-I-C Note: Folks... we gotta warn you... based on all the nonsense we've had to endure in 2014-2015 (which we are duty-bound to lampoon), this may>[...]

ANN's Daily Aero-Linx (03.03.15)

How Planes Work Need a great illustration of an airplane, clearly labeled, so you can explain -- again -- why planes stay up in the air? This is a good illustration; maybe they'll >[...]

ANN's Daily Aero-Term (03.03.15): Have Numbers

Used by pilots to inform ATC that they have received runway, wind, and altimeter information only.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC