Jude Colbenson: Sell the planes and use the money to go into a different business.Seriously though, flight lessons is out. Those aircraft wouldn't be used for flight training.
King Bringle: 1) You cannot charter without holding a Part 135 Air Taxi operating certificate. At minimum this requires a Chief Pilot, A Director of Operations and a Director of Maintenance. One person can hold all 3 positions, but only if qualified to do so. It isn't easy or quick to obtain Part 135 authorization/2) These are not practical aircraft for flight training unless all you do is offer advanced pilot training courses. At the price you would need to charge to just break even it is doubtful you could compete with prices offered by established flight schools. Single plane flight schools are not profitable.3) Leasing to an established operator is probably the best option. It is known as a "lease back". It gives you some flying privileges and allows you to earn some revenue and pay so! me of the cost of ownership. Don't expect it to be profitable....Show more
Rosie Travino: Sell them, develop a business plan for Charter, then buy the appropriate AC for it, based on the plan.
Corrinne Ruozzo: You are going to have a hard time providing flight training in those aircraft. They are quite expensive to operate which means they will cost the student a LOT of money per hour to rent. Your best bet would be to use them for charter, though that will come with it's own problems.Here in the US if you want to provide an aircraft charter your company has to certificated under part 135 of the federal aviation regulations. It's not an easy process to obtain your 135 cert. Expect it taking a while to jump though all the hoops....Show more
Thurman Buege: How about offering all three with priority to the one that makes the most money (probably chartering)
Amada Greising: Use it as a tax write-off.
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