Leasing aircraft is mainly for 2 reasons: One is, to operate aircraft without the burden in financial of buying them. Second is a temporary increase in capacity. An industry has two main types of leasing: Wet leasing and dry leasing. Wet leasing means a short term leasing. Dry leasing means a long term lease. An industry also uses the combinations of the both.
Airlines are renting the planes, for a few years at a time, the risks are bear by the leasing company. Aircraft leasing reduces the cost of buying it as own. People lease the aircraft for many reasons. In 1970’s aircraft leasing was for tax relief. But for today, it’s for help in paying for the airplane. The lease seems like a viable business option.
Another important thing is that the renter pilots may not take care of your aircraft as you would! If you are a person who gets upset when your flight seems to be scratched or its interiors seem stained then it’s better you should think twice before leasing an aircraft. The most vital thought in renting flying machine is finding the privilege FBO. The FBO will be administering some portion of the everyday operation of your flying machine, including support and booking. An FBO with a good reputation and lots of business will keep your aircraft flying and generating revenue for you. The most imperative thought in renting airplane is finding the privilege FBO. The FBO will be directing a piece of the everyday operation of your flying machine, including support and booking. An FBO with a decent notoriety and heaps of business will keep your airplane flying and creating income for you.
Toward the finish of the month, or charging cycle, the FBO will figure your airplane’s costs, (for example, support or different things as expressed in your assertions) and income due you from the rest of your flying machine. The FBO will subtract these costs from your airplane income and send you a check (or a bill).
Most assertions require an hourly rate for the utilization of your air ship, dictated by the Hobbs meter or motor tachometer. Keep in mind that Hobbs meter time is the genuine time that the motor is running, while each time demonstrates the time the motor is running as a component of full RPM. Tachometer time slacks Hobbs time by roughly two tenths every hour, consequently, you will profit on the off chance that you are paid when shown on the Hobbs meter. Hardly any FBOs will ensure a specific number of hours every month.
What level of the FBO’s hourly rental charges for your air ship would it be advisable for you to get? This relies upon the plans you make with the FBO. In the event that you pay the expenses of fuel, oil, upkeep, protection, holder or tie down charges, 80-90% is sensible. On the off chance that you choose you would prefer not to pay for protection, fuel, or certain support things, you may get just 40 or half.
You may rent the air ship to the FBO “wet” implying that you will pay for all fuel utilized by the flying machine, or “dry” where the FBO pays for the fuel. For the most part, you have little to pick up from giving the fuel in the rest of the air ship. In spite of the fact that you will be running up higher working expenses (for assessing purposes) by paying for the fuel, you will likewise be causing bigger month to month money costs. Fuel use is regularly extremely hard to precisely track, and AOPA has gotten protests about FBOs erroneously charging proprietors for fuel. Said one proprietor, “I was charged for 485 gallons more than 55 hours of flight time, that works out to 8.8 gallons for each hour. A significant fuel consume for a Cessna 152!” The proprietor changed his agreement the following year so he was charged 6 gallons for every hour level rate. Utilizing a level fuel consume rate every hour can ease issues and will help you in assessing costs.
In the event that you choose to pay for fuel, you ought to ask about fuel rebates and build up a most extreme suitable cost per gallon, since fuel costs vary. On the off chance that the air ship is rented wet, a most extreme fuel cost will shield your benefits from pilots who travel to territories where fuel costs are out of this world, tank up, at that point present the fuel bill to the FBO for repayment, who thusly charges you the high cost!