Chicago based - prefer KGYY

Topics related to partnerships in Diamond aircraft, including searching for partners, legal organization of such partnerships, and methods for allocating time and costs between members. Commercial use prohibited.

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xyzbobxyz
1 Diamond Member
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Joined: Mon Feb 17, 2020 9:51 pm
First Name: Bob
Aircraft Type: OTHER
Aircraft Registration: N933A
Airports: KGYY
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Chicago based - prefer KGYY

Post by xyzbobxyz »

Hey all! I want to thank the admins for creating this Board. I am a pilot with a Bonanza at KGYY. Currently, I have four pilots renting time as I built a little flying club around it to provide more financial flexibility. Even though she is a great plane, my growing family and the lack of de-icing equipment has me shopping to add. I have about 1500 hours, IFR and will be new to multi-engines.

My next phase is to find a three or four partners to join me in this adventure. So, if any of you are Chicago based and interested, hit me up.

I plan to keep my Bonanza. Even with four guys plus me using the Bonnie, we rarely bump our heads with scheduling problems, so I am confident 4 or 5 guys could manage to work together in a 62. I just can't afford to buy one outright and build another club around - thus the search for partners... One option would be for a smaller number, maybe 2 or 3 of us, to partner up and then utilize the Diamondshare program to round the budget.

(Plus, I will have the luxury of my Bonnie as a backup - so I will be very easy to work with...) Also, with no multi experience, probably best for me to take a backseat to someone(s) else as primary for the insurance purposes.

I am very open to ideas and discussion - I am only pretty closed to being a non-equity Diamond share participant. I prefer to own and build equity. I believe that this venture would probably begin in earnest this summer and maybe Oshkosh will be the focal point for choosing the aircraft and beginning the actual purchase process. Anywho - let's get the conversation started!
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Colin
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Joined: Sat Aug 21, 2010 8:37 pm
First Name: Colin
Aircraft Type: DA42
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Re: Chicago based - prefer KGYY

Post by Colin »

Welcome, Bob! I hope you find partners, it's an amazing plane.
Colin Summers, PP Multi-Engine IFR, ~3,000hrs
colin@mightycheese.com * send email rather than PM
http://www.flyingsummers.com
N972RD DA42 G1000 2.0 s/n 42.AC100 (sold!)
N971RD DA40 G1000 s/n 40.508 (traded)
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yl472401
4 Diamonds Member
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Re: Chicago based - prefer KGYY

Post by yl472401 »

xyzbobxyz wrote: Mon Mar 02, 2020 3:43 pm Hey all! I want to thank the admins for creating this Board. I am a pilot with a Bonanza at KGYY. Currently, I have four pilots renting time as I built a little flying club around it to provide more financial flexibility. Even though she is a great plane, my growing family and the lack of de-icing equipment has me shopping to add. I have about 1500 hours, IFR and will be new to multi-engines.

My next phase is to find a three or four partners to join me in this adventure. So, if any of you are Chicago based and interested, hit me up.

I plan to keep my Bonanza. Even with four guys plus me using the Bonnie, we rarely bump our heads with scheduling problems, so I am confident 4 or 5 guys could manage to work together in a 62. I just can't afford to buy one outright and build another club around - thus the search for partners... One option would be for a smaller number, maybe 2 or 3 of us, to partner up and then utilize the Diamondshare program to round the budget.

(Plus, I will have the luxury of my Bonnie as a backup - so I will be very easy to work with...) Also, with no multi experience, probably best for me to take a backseat to someone(s) else as primary for the insurance purposes.

I am very open to ideas and discussion - I am only pretty closed to being a non-equity Diamond share participant. I prefer to own and build equity. I believe that this venture would probably begin in earnest this summer and maybe Oshkosh will be the focal point for choosing the aircraft and beginning the actual purchase process. Anywho - let's get the conversation started
Howdy!
I'll keep you in mind!
Diamond DA40, Diamond DA42NG, PPL, IR
xyzbobxyz
1 Diamond Member
1 Diamond Member
Posts: 8
Joined: Mon Feb 17, 2020 9:51 pm
First Name: Bob
Aircraft Type: OTHER
Aircraft Registration: N933A
Airports: KGYY
Has thanked: 8 times
Been thanked: 5 times

Re: Chicago based - prefer KGYY

Post by xyzbobxyz »

I am waiting for weather to clear for my IFR check out ride. With a little luck and some skill, I will join the IFR ranks next week. Next step is to find a partnership. Ideally 3-4 of us -- alternatively, I could go it with a single partner and utilize the Diamond share program.

I prefer a D62 as I want the third row of seating. I also would like to focus of planes built in the last 4-8 years. If you are ready to talk, work on a partnership plan, I am ready to rock and roll.
pilot_jon
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First Name: Jon
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Re: Chicago based - prefer KGYY

Post by pilot_jon »

Hi Bob. I've been looking at DA62's recently and love KGYY.
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