Mungo5 Posted August 29, 2009 Report Share Posted August 29, 2009 Hello all, I'm looking for a more economical way to rent a 300C or 300CBi anywhere near Eastern Massachusetts, for both Hour Building and for general trips out an about. The local schools are all well over $250 per hour, so I'd like to find cheaper time in the air and longer booking slots than a couple of hours. R22 or 44 an option, but not SFAR73 current yet. Thanks in advance. M5. Quote Link to comment Share on other sites More sharing options...
AngelFire_91 Posted August 30, 2009 Report Share Posted August 30, 2009 I'm no where near eastern Mass unfortunately so I'm not sure of specific places around there, but $250/hr is sounding like a pretty good deal to me though! I'm not sure you'll find 300 time for much cheaper unless you go partnership or buy your own 300, I could be wrong but that sounds like decent price to me. Quote Link to comment Share on other sites More sharing options...
Mungo5 Posted August 30, 2009 Author Report Share Posted August 30, 2009 Yeah, that's what I'm thinking too. I don't really want to go down the route of ownership or even fractional ownership. Are there any rules on private owners renting on an ad-hoc basis, to a 'friend'? Quote Link to comment Share on other sites More sharing options...
rick1128 Posted August 30, 2009 Report Share Posted August 30, 2009 Are there any rules on private owners renting on an ad-hoc basis, to a 'friend'? Not really. But there are some regulations that cover leases. Plus there could be issues about if a 100 hour inspection is required or not. The biggest problem will be the owner's insurance. My insurance states only personal business and pleasure. If I 'rent' it out, my insurance would almost double. Quote Link to comment Share on other sites More sharing options...
edspilot Posted August 30, 2009 Report Share Posted August 30, 2009 Your biggest issue to overcome with a private owner is going to be the additional cost the owner will have to pay. Unless they are willing to not tell their insurance company you are renting it. I highly recommend AGAINST that approach. Cost difference, just an example: I have an R22 Beta II and my personal full coverage insurance is about $7500.00 a year and that is 125 RW hours, CFI and RHC Safety Course. I do have 3600 hours and an ATP & CFII in Fixed-Wing plus a Masters Degree in Aviation Safety. Now to cover me and another low time RW pilot and rent out my R22 for that person to time-build, my policy changes to commercial insurance at a cost of $23,000.00 a year. I have checked. You can see that this will be your biggest problem you will face from a private owner. Sorry, but this is reality unless you find a very wealthy owner or an owner that will hide it from their company. I just finally bought and fly the R22 for fun. I wish you the best. edspilot Quote Link to comment Share on other sites More sharing options...
Mungo5 Posted August 30, 2009 Author Report Share Posted August 30, 2009 Seems to me the insurance is the issue.. I had suspected as much.. maybe fractional ownership might be a more cost effective option. Thanks all for the responses.. M5 Quote Link to comment Share on other sites More sharing options...
adam32 Posted August 31, 2009 Report Share Posted August 31, 2009 Not really. But there are some regulations that cover leases. Plus there could be issues about if a 100 hour inspection is required or not. The biggest problem will be the owner's insurance. My insurance states only personal business and pleasure. If I 'rent' it out, my insurance would almost double. My insurance only went up about $1800/yr from business and pleasure to instruction/commercial. You have an Enstrom right? Are you using AirSure? Quote Link to comment Share on other sites More sharing options...
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