December 2007 Issue
iFly’s Club Approach: Cheaper, But Not Cheap
iFly has melded the club and ownership concept into a new fractional model. You still need some serious capital to play.
Owning an airplane isnít what it used to be. Or should we say, operating one isnít. Given the cost of avgas, sole ownership looks less appealing than it once did and multiple-owner partnerships and fractionals look more attractive than ever. So do flying clubs, which split ownership among many and further reduce individual costs.But the problem with flying clubs is similar to renting. The airplanes probably arenít the newest and pilots who own a tenth or a twentieth of an airplane arenít likely to have much pride of ownership and the clubís airplanes may reflect that. But what about combining the fractional idea with the economics of a club? Thatís the idea behind iFly, which launched a little over a year ago. iFly is basically an exclusive flying club that asks what fractionals ask: What if you could have all the benefits of ownership, but none of the hassles?
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