Exciting New Program Makes Aircraft Ownership Less Expensive
Ya gotta love this idea...
Time Pieces, LLC, has introduced a novel program
with an exciting new method for aircraft ownership. Following a
trend that revolutionized corporate aviation in the nineties, Time
Pieces intends to provide fractional ownership in vintage aircraft
to general aviation pilots. During the last decade, corporate
aircraft ownership was transformed by the development of
"fractional programs." These programs are similar to the time-share
programs that allow people to own choice pieces of property that
they might otherwise only dream of.
How's it work?
Owners pay a set amount for an aircraft that is operated by a
management company. This company handles all day to day aspects of
aircraft ownership. Most pilots dream of owning their own airplane.
However, the pride of personal ownership can sometimes be
overshadowed by the inconvenience of dealing with the many details
that ownership brings with it -- prepurchase inspections, securing
a hangar, annual/preventative maintenance, tracking down
hard-to-find parts, insurance, federal regulations, registration,
taxes, etc. With Time Pieces to handle these details, the owner has
the luxury of "Showing up and Flying" along with the comfort of
knowing they have a quality aircraft management company looking
after their airplane.
The aircraft at the heart of Time Pieces'
operation, is the world renowned J-3 Cub -- one of them is featured
in the latest painting by aviation artist Sam Lyons called "Golden
Times" (right). These famous yellow aircraft with the lightening
bolt down the side, were manufactured in great numbers between 1935
and 1947. During this timeframe, Piper became known as the leader
in good, safe aircraft that every person could afford to buy and
fly. Sixty-five years later, a vintage Piper J-3 Cub has high
market demand and a correspondingly high purchase price (mostly)
due to its nostalgic appeal. However, Time Pieces will once again
make these pieces of history attainable for all pilots "to buy and
The novel idea of Vintage fractionals was developed by the
founder and president of TimePieces. Having owned several aircraft
herself, she could see the pitfalls of individual ownership and
began looking for ways to make these wonderful machines affordable.
With experience in dealing with the growing list of day to day
ownership hassles and the financial expenditures unforeseen by
most, she founded Time Pieces to assist others in overcoming these
Time Pieces' founder, Ginger Gordon, resides in Greenwood,
Indiana and is deeply involved in the local aviation community. She
participates in several aviation groups throughout Central Indiana,
is a committee chairman for the Indianapolis Air Show, assists a
local vintage aircraft restorer, and is a vocal advocate for
general aviation. Yet, at the top of her list is flying a WWII era
trainer for the Commemorative Air Force. During the summer you may
see her at air shows dressed in the period correct uniform of
"WASP" (Women's Air Service Pilot).
In the summer, if Ginger isn't flying, she is
mowing grass at a small, grass-runway airport in Southern Indiana
that she co-operates.
Ginger states, "At Lee Bottom Flying Field, we are committed to
providing an environment where pilots can experience flying as it
was originally meant to be. Time Pieces adds to the experience by
providing the historic aircraft that every pilot can BUY and