Guimbal Lease

[Dwheaton]

Hello, I am new to the forum although have read many posts before becoming a member. I am thinking about Leasing a guimbal to a helicopter school. They are willing to pay $150 per flight hour plus they pay for all insurance, annuals, hangarage, etc. The only thing I will need to pay is for the overhaul when it comes due. Historically, they have put about 55 hrs per month on the aircraft.

 

I am interested on your thoughts on this.

[AkAr]

Do those numbers earn you the return you want to make on the money you've invested in the Guimbal at a level of risk you're comfortable accepting? Would it prevent you from using the heli for something else you'd rather use it for? If the answers are yes and no respectively, then I'd say go for it I guess.

[V-any]

That's a little lower than I would expect it to be.

 

Keep in mind that training beats up aircraft. Even if they fix the big stuff that htey break, there's a lot of wear in tear in the training environment.

[r22butters]

Its funny, though I have no problem renting a 22 from a school, I would never let a school use one I was leasing.

[Chewberta]

Have you asked why they don’t lease on their

own and save 150 an hour, which would cover their leasing costs

If you’re left with the overhaul, 2200 hrs gives you

330K subtract 120K costs

You have a 210K gross margin plus residual ships value

You will have to pay leasing costs or financing costs for purchasing the ship.

55 hrs per month is not a lot of flying

Add in what you could have done with the same money if more

profitable

You have all the elements to make a sound financial decision.

If, on the other hand, your decision is emotional then the money doesn’t matter.

[longtimegone]

For that price I need 2!

[Dwheaton]

Thanks for the replies. I believe the upfront capital cost is the reason they prefer to lease.

 

I am curious if anyone has had any actual experience with cost to overhaul the Cabri? And does anyone know what a freshly overhauled cabroi would sell for vs. a new ship?

[500E]

If you cant afford to buy & run with out leasing or hiring

DON'T

The No of people who I know that have tried it most have wished they had spent the money on wild living at least they might get some pleasure out of it