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Everything posted by RisePilot

  1. This would mean part of the purchase cost would be paid on 1) day one of acquisition, 2) part at end of year one after acquisition and 3) part at end of year two. The two deferred payments to possibly vary against an agreed metric such as EBITDA remaining at level of day one. This makes sure the seller isn't handing you a "dud"
  2. Even if a smallish deal, I'd have financial, technical and legal DD done by a third party. I'd structure with a deferred comp payout to vendor of at least 2yrs on agreed parameters - possibly three tranches. Lastly, this is not a growth business, so don't pay any more than 3-5 times EBITDA maximum.
  3. You don’t say where you live (North America or Europe) but here are some numbers re cost as examples (UK in this instance). PPL(H) training to get license: GBP 15k-20k (generally USD 15k-20k in US) Post attaining PPL(H) rental or self-fly-hire as we call it is as follows: R22 £210 +VAT = £252/hr R44 £375 +VAT = £450/hr R66 £535 +VAT = £642/hr Even if you are an owner of an R44, you’re still looking at around £250ish/hr. You will find little variance in price between locations in Europe, but the machines are generally well maintained (far better than I’ve found in the US) and better speced – for R44s, I haven’t seen a Raven I in 10yrs; everybody gets Raven II’s or Clipper II’s here. However, when I rent in the US, I usually end up with a Raven I. That said, when I do find one in the US, it is nearly always priced well - my last example was in North Carolina at Total Flight Solutions and if I remember was sub $500/hr wet hire (so cheaper than UK) On availability, it is literally night and day difference between the US and Europe for hiring helicopters. Here in London, I could go rent an R44 at maybe seven different locations around London within an hour drive. However, finding maybe 2 places to rent in a whole US state is excruciatingly difficult. These web forums and Facebook groups are generally zero help for a PPL to find a machine to rent in the US as most posters are either young struggling CPLs or career military/utility/HEMS/etc pilots and not the types who fly for fun. Ironically, the US is the best place on the planet to hire fixed-wing, but oddly damn near the worst for hiring helicopters. Get your PPL and get flying; then think if its something you want to do as a career. I don’t go for this “I’ve dreamt of it since a child” sh*t. If everyone followed that life plan, the world would be filled with firemen and ballerinas.
  4. - your budget should be more like USD 15-20k - sit the theory exam on first day in US and get it behind you - four weeks would be tight; more like five weeks total - just choose a school; what you’ve described about mythical private CFI’s who own their own helicopter and charge 50% reduced rates is dreamland - your “buy a helicopter and sell it a month later” idea is comical I live in the UK and did my initial FAA PPL(H) in US and then EASA PPL(H) three months later in UK. The reason was that it was 2006 and the USD/GBP exchange rate was over 2:1 – so less than half price. As for helicopters to rent in the US, they have a very limited private flying scene for helicopters (though the US is fantastic for fixed wing). Even once licenced and with many hours, you will struggle to find R44s for self-fly-hire (unlike other countries).
  5. That is correct. Damn checkout "Student Poster" schooling "VR Veteran Poster". Number of posts do not necessarily correlate with correctness of information provided.
  6. HandGrenadePilot is correct. No matter whether priced in USD, EUR or GBP in North America or Europe. PPL(H) should not cost more than 15-20k all-in.
  7. Never fails that Helonorth brings the “intelligence” to the conversation. Dumbass, it’s noting that you need a few examples to make a generalist assumption or calculate an average. One single location raising a price doesn’t represent an industry or geographical change. Not really enough data points in most of the US for self-fly-hire.
  8. There are no price changes seen in Europe where “rental” or self-fly-hire (as it is called here) is much more common than the US. That said anything larger than an R22 is so sparsely available for hire in the US that there is not a meaningful mathematical cohort to even calculate an average price. When I’ve hired in the US, I’m lucky to find a R44 for hire in a given area - let alone shop by price. Additionally, European-based helicopters will have some commonality in the their insurance coverage policies, whereas I’ve encountered US operators with deductibles as high as USD 80K and many hirers requiring the renter to take out renters insurance from their prescribed/preferred provider for circa £500-$1000. That said, over the years, I have found some very good pricing on R44s for SFH without additional cost – but this is always a time-consuming research project and a lot of time on internet/phone to source.
  9. This was around the time of the BP oil spill in the Gulf and I suppose this guy had something against Brits and just "lost it". Like you, I've also had several other occasions where they look at the license front & back and you can see in their eyes they're thinking "this is not worth the trouble". I'm always calm/polite as I know they can't take my licence, they can't make my insurance go up, so give me a ticket if you wish and I'll be on my way. My wife always said they're going to put you in jail one day - she was right.
  10. To me, cost several hundred dollars and took an hour or so out my day. To him, resulted in a full internal affairs investigation from the states capital and a personal censure. I can only assume he was less of a dick the next time he was handed a European driver’s licence on a traffic stop.
  11. HeloNorth, I don't work in aviation; I work in international and cross-border finance and all my career have had full background checks and due diligence performed on me. I also lived in the US for near 20 years when I was younger and had my drivers licence revoked several times for speeding (not taking pride in that; just noting I'm familiar with the situation). I too have been arrested and taken into custody (I was driving very fast). Noting the above, no one has ever even mentioned my speeding tickets/arrest.
  12. No one will ever really care about speeding tickets or parking tickets. In the US, highway patrolman and state troopers are little more than glorified "meter maids" and the fines merely serve as an income stream.
  13. I must question your life priorities. You note that flying for fun/leisure is “flushing money down a toilet”; yet you seem quite cavalier about putting your family into poverty/hardship because you have a dream of being a pilot. I could not proffer life/career advice to someone whose priorities are so messed up. A PPL(H) will cost you about 15k – 20k. Would you recoil as vehemently at the suggestion of buying a boat with the same amount of money?
  14. Everyone has their own interests; however I’ve never understood why American’s take interest/pride in “visiting all 50 states”. Of course, visit the nice places but what’s the real purpose of visiting say South Dakota or Iowa other than these odd “tagging” trips such as you describe? Spending the same amount of money/time seeking out different countries and cultures would be far more interesting.
  15. This isn't a military forum. Non-military people don't know what any of the above acronyms/descriptions mean. He did assist you by telling you this is the wrong forum.
  16. As evidenced by examples such as Helonorth's posts, not everything on the internet is true.
  17. Jenny, a helicopter will take about 3 minutes to run-up before taking off and about 3 minutes to shut down (little faster if a turbine). A private pilot coming into his lake house will (I assume) be quite infrequent); he's not exactly attempting to create a mini Chicago O'Hare. On some of your comments: ...“quiet idyllic lake front” ...“densely populated neighbourhood” - make up your mind, it can’t really be both …"enjoyed the loons, ducks, geese, eagles etc. great fishing of dock, lots of lake dwellers besides humans" - all those animals will continue thrive; one person landing a helicopter will make no discernible difference …"To land it would have to come straight at the lakeshore towards the centre of a densely populated neighbourhood." - Jenny how do you know the pilots landing pattern/procedure?; wind direction also plays a part here. …"I’m not against this form of transportation. I just think there’s a better solution for this situation" - you haven’t asked any meaningful/useful queries of any pilot on this forum; nor have you provided any specifics such a maps/diagrams/etc. You've only stated your own self-derived assumptions and blankly asked the forum "What do you think" The real starting point would be for you to go talk to the pilot directly. Not come onto a pilots website to simply try to harvest any ammunition to stop him.
  18. I think the Dictionary disagrees with you: anecdotal adjective (of an account) not necessarily true or reliable, because based on personal accounts rather than facts or research.
  19. Please note your neighbour will most probably be flying something akin to a Robinson R44 w/ maximum take-off weight (MTOW) of 2,500 lbs. The Sikorsky S92 mentioned in the above anecdotal story has a MTOW of 27,700 lbs - so not comparable at all regarding downwash or noise.
  20. If the person had wanted to land at the airport, he/she would have bought an airplane. As long as it meets some basic parameters, this can be fine. I'm assuming your looking for fodder for a complaint (first post). I'll note that helicopters do not specifically require an aerodrome and can take-off and land in quite small sites safely.
  21. These photos are perplexing in that someone would go through the time/expense of this needless modification, yet still be a cheap bastard and have the usual "American Instrument Panel" where they have the plastic inserts where the Direction Indicator and Artificial Horizon should have been. It's as if Robinson should make a 5-hole panel for the US - it's always the same. I don't know what this sh*t cost, but money would have been better spent on an instrument that they may find useful if they ever flew into a cloud.
  22. You're a third or half way to a PPL. Yes, go ahead and get your PPL(H). Private helicopter flying is great; I've never met another PPL that didn't love it and weren't glad they got their licence.
  23. Aside from the “odd” American construct of your job and your healthcare insurance being the same, being a contractor (with a corporate structure; not as a sole proprietor) can be quite advantageous as compared to being an employee. Provided you are being paid more as a contractor (you should be), it should be a simple decision. You have far more flexibility in tax, cashflow and deductions. For very little money, you can set up a company and then set/negotiate your own contracts with customers. Liability is limited to the company; not necessarily you as an individual.
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