Jetprop Partnership topic of NWAC seminar

CO-OWNERSHIP OPENS NEW POSSIBILITIES FOR PILOTS

Are you drawn to the idea of owning your own aircraft but findthe cost/hour to be difficult to swallow? Apart from sole ownership,pilots can consider other options like chartering, fractionalownership, membership or a traditional partnership.

While splitting acquisition and fixed costs of aircraft ownership in a partnership makes financial sense, many pilots are intimidated by the risks that cause many ventures to end poorly.

Pitfalls include scheduling conflicts or lack of protection against partner default and no clear exit plan. So explains Jetprop Partnership owner, Shawn Christman in “How Aircraft Partnerships Changed My Life; Why I’m a Better Pilot, Better Businessman, Better Husband.” (1:00 PM, Saturday, February 23, Heritage Room).

In this informal and fun presentation Christman shares his experiences in aircraft partnerships. Covering the basics for a successful venture – budget, longevity, finacing, insurance, maintenance, escrow; he will also discuss items specific to aircraft ownership – including international registry, FAA requirements and training.

“Pick your friends carefully,” warns Christman, “and have a clear mission. Partnership rewards come with informed decisions.” Jetprop Partnerships is a Bronze Level Sponsor. Visit them in Booth #119.