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 07.21.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.21.14 **
** Airborne 07.18.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.18.14 **
** Airborne 07.16.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.16.14 **

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 07.21.14: Koontz' Barber Award, ESA Spaceplane, Model Flyers Fight FAA

Also: Boeing's 787-9 Demo, Hartzell's TBM Wonder-Prop, More Santa Monica Maneuvering, Garmin Global Pilot, Even more TSA Stupidity Greg Koontz has been named the recipient of this >[...]

Airborne 07.18.14: MH17 Shootdown Tragedy, ForeFlight Update, Honoring Apollo 11

Also: UK To OSH--By Microlight, On The Eve of Oshkosh 2014, FAA OKs SpaceX TX Launch Site, Extra-Capacity Q400 NextGen Details of the shoot down of MH17 are changing rapidly and ve>[...]

FAA Grants Re-Issues Hawker Beechcraft STC To Flyht

Covers AFIRS for 700/800/900 Models The FAA has granted a re-issued a Supplemental Type Certificate (STC) for the Hawker Beechcraft 700/800/900 model aircraft to Flyht Aerospace So>[...]

OSH2013, Day One, Revisited: ICON, Pelton, Cessna, SubSonex, BendixKing

Also: Jam-Packed Opening Day Promises That "This Isn't Over" in EAA v FAA Fight ICON Aircraft has been granted a waiver by the FAA to allow a maximum gross takeoff weight to sixtee>[...]

ANN's Daily Aero-Linx (07.22.14)

Diamond Aviators Association The Diamond Aviators Association (the DAA) is a membership organization established to educate, promote the safety of, and support the owners and pilot>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC