Is Your Ego Buying Aircraft You Can’t Get Insured?
“Flying is not inherently dangerous, but crashing is!” Aviation is one of those areas that has a higher risk if you are in over your head.
Read MoreThese webinars total hours of advice from the Piper Owner Society Editorial Board, led by Aviation Director Scott Sherer. Also featuring longtime pilot and electrical engineer Jim "Griff" Griffin, these advice videos feature tips from longtime pilot and CFI Mike Jones, avionics consultant Bob Hart, insurance and business expert Scott "Sky" Smith, and more.
For ease of watching, we have broken these videos into 3 parts. There are no downloads available of this content. Important links and documents needed are provided within the posts themselves.
The Piper Owner Society would like to thank the following contributors:
A sampling of quotes from this first webinar.
“Buying (an airplane) is not as hard as dealing with it in the first few years. It expensive enough buying a 40 or 50 year old airplane. Those first few years are even more challenging.” -Scott Sherer
“In the last three years of aircraft ownership, a lot of people stop maintaining their aircraft. And that creates a problem. I would always recommend getting a pre-purchase inspection. And you can’t do it with the mechanic who’s already maintaining the airplane. You can’t go to a mechanic who you both know. You need to go to somebody who’s trained in that model of aircraft but has not seen it before.” -Scott Sherer
“Fuel is going to be biggest expense. We ran about 83% of our expense being fuel, and that was through two engine cycles.” -Jim Griffin
“Be prepared to spend 25% of the cost of purchasing your plane on maintenance. -Scott Sherer
To ask questions and discuss these tips, visit our forum here.
by Scott "Sky" Smith | Mar 15, 2024 | Aviation Insurance & Finance | 0
“Flying is not inherently dangerous, but crashing is!” Aviation is one of those areas that has a higher risk if you are in over your head.
Read Moreby Scott "Sky" Smith | Feb 21, 2024 | Aviation Insurance & Finance | 0
I was talking to a client the other day about the training requirements for a new airplane being purchased.
Read Moreby Scott "Sky" Smith | Dec 27, 2023 | Aviation Insurance & Finance | 0
Aviation insurance continues to get higher priced and harder to get. In fact, it’s now one of the top three costs of owning an aircraft;
Read Moreby Scott "Sky" Smith | Nov 15, 2023 | Aviation Insurance & Finance | 0
If your plane can’t fly, what happens to your insurance? Sometimes owners drop insurance until they can fly again.
Read Moreby Scott "Sky" Smith | Oct 12, 2023 | Aviation Insurance & Finance | 0
Talking to owners and buyers also gives me an idea about what’s on their minds, such as the cost of aircraft, fuel, and insurance, and ways to cut some of those costs.
Read Moreby Scott "Sky" Smith | Sep 22, 2023 | Aviation Insurance & Finance | 0
I guess I could have titled this article “Flying Naked,” which means flying without insurance, but the word “naked” might conjure up the wrong notion to those who aren’t familiar with the phrase. So I stuck with the less provocative title.
Read Moreby Piper Owner Society | Sep 20, 2023 | Aviation Insurance & Finance | 0
I purchased an airplane a few years ago, which brought to light an interesting turn of events I would like to share, as I’m told others have found themselves in a similar situation.
Read Moreby Scott "Sky" Smith | Aug 10, 2023 | Aviation Insurance & Finance | 0
The internet is quite the place. You can find great videos of kittens, fantastic recipes, and almost any opinion on anything imaginable.
Read Moreby Scott "Sky" Smith | Jul 5, 2023 | Aviation Insurance & Finance | 0
If the original type certificate is modified or the performance parameters have been changed, you’re looking for changes in the insurance.
Read Moreby Scott "Sky" Smith | Jun 14, 2023 | Aviation Insurance & Finance | 0
Good piloting means using cross controls, maintaining a heading, and controlling the aircraft to the ground.
Read Moreby Scott "Sky" Smith | May 19, 2023 | Aviation Insurance & Finance | 0
Remember when you were training for your private pilot’s license and the instructor pulled the power back and declared an “emergency”? That was to prepare for an emergency off-airport landing only.
Read Moreby Scott Sherer | Apr 10, 2023 | Aviation Insurance & Finance | 0
At my seminars, I talk about saving money as an owner. One item I try to stress is that by doing regular maintenance, you can cut down on the overall operating cost and lower your annual inspection costs.
Read More