Aircraft Owners Get A New Way To Offset Costs Through Collaborative Aircraft Rental

OpenAirplane announced a new service which helps aircraft owners join the sharing economy. "Collaborative Aircraft Rental" is a new twist on aircraft ownership in private aviation according to the company. OpenAirplane says they now make it simple and affordable for owners to make their privately owned airplanes available to be rented by well qualified pilots everywhere.

"Someplace between sole ownership, and leasing the airplane back, is a happy place where you can occasionally rent your airplane to well qualified pilots," explained Rod Rakic, co-founder of OpenAirplane, "Putting your airplane to work when you're not flying it, makes sense for many owners."

Along with supporting OpenAirplane Pilots with personal and CFI non-owned insurance products (available for single, multi-engine and piston rotorcraft) Starr Aviation created an innovative new kind of insurance policy which offers coverage for aircraft owners who want to make their aircraft available exclusively to pilots using OpenAirplane.

“OpenAirplane is shaking up the way people think about aircraft rental in a good way. By establishing a sensible universal checkout and annual training requirements we are pleased to support the OpenAirplane initiative to broaden the rental base while maintaining a high level of safety," explained Jim Anderson, Senior Vice President at Starr Aviation, a member of Starr Companies.

Owners can inquire about getting their aircraft insured for rental by OpenAirplane pilots through their aviation insurance specialist, or they can contact Starr Aviation to find a broker.

The OpenAirplane network has grown to 52 locations across the U.S. offering over 180 aircraft for rent. Over 6,000 pilots have signed up to fly with OpenAirplane since the service launched in June of 2013.

FMI: http://owners.OpenAirplane.com