Quote:
Originally Posted by dc3flyer  Another thought is to give student pilots a cheaper rate than people already holding a certificate, say $10/yr difference, just to add incentive. |
Agreed! $30/month for a 1 airplane club is pretty steep. $30/month is what I have paid at Journey's (and they have 20+ airplanes). Maybe offer a daily rate for people who don't fly that much (like Journey's does, $10/day for use of the plane).
Another thing to consider is the price of avgas in Boulder is $4.67 (FS) and $4.17 (SS). Filling 20 gallons at $0.50 a gallon adds up to $10. That's quite a difference. Would you offer your renters and incentive to fill up using cheaper gas?
I do like the website. In fact, I think it is better than most flight school websites I have ever seen. That should help you out.
I live in Boulder and would potentially be interested in renting your plane, but it is too expensive. When I flew at Journey's in Spring 06 (avgas was $4 a gallon) and I rented 180hp 172's for $75/hr (734QD and 64055). Journey's then raised the price a few times. Plus they have a much more reasonable monthly/daily fee. I think a combination of slightly lowering the aircraft price, but more importantly lowering/eliminating the monthly fee, or charging a reasonable daily rate would entice a lot of people.
How often is the plane flying? Remember all the fixed costs involved in owning your airplane. The insurance still costs you whether you fly 60 or 90/hrs a month. The tie down fee still costs you the same whether you fly much or not. I would recommend lowering the price as it is slightly on the high side.
Good luck,
Ross