….start with a big one. Or so the saying goes I’ve heard.
I’m a low hours private fixed wing pilot that has had some success in business. I’ve had an opportunity come my way to invest in a 133, 135, 137 helicopter operation focused mainly on wildfire services up the the Rocky Mountain region.
Let’s assume the business is managed well and efficiently. Generally speaking, is aviation a good, decent, or horrible idea?
The goal would be to spin off enough profit to pay my mortgage, a good salary for a hired pilot, and maybe set something aside to slowly grow the fleet to two, three, or even four aircraft.
My current business is highly regulated, capital intensive, high barrier to entry, and technical which seems similar to that of a helicopter business. So it seems like a good fit for my management background.
Aviation; guaranteed money pit or good opportunity?