twmatthias Posted May 19, 2016 Report Share Posted May 19, 2016 A group of folks at our FBO are thinking about starting an LSA Flying Club in western Massachusetts. We have all piloted the CTLS that the FBO has on lease-back and we would like to base the club on that airframe. Unfortunately, the FBO lease-back arrangement is terminating and won't be renewed. We have fewer that 10 pilots in our group. One is a student pilot and the others have their SPL or PPL. Most of us find the CTLS fits our needs admirably and would like stick with that model. Since this effort is in its early stages, we have not yet decided whether we want to structure the club on an equity or non-equity basis. A non-equity structure would require us to arrange some sort of lease-back agreement with a current CTLS owner. We have not yet found someone in our area who owns a CTLS. Can anyone connect us with a person/company who might entertain such a proposition? Again, we are in the beginning stages of the club formation and need to gather information to develop pro forma financials for each of the two structural options. Thanks in advance, Theo Link to comment Share on other sites More sharing options...
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