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Meet the one of the owners of the Grumman Tiger I reviewed a few days ago. Krish is a Private Pilot, also IFR rated. And this 1979 Grumman Tiger is his first airplane which he purchased with 3 other partners.
I make these videos because I want you all to get a real life tale of what goes into aircraft ownership. And perhaps understand that owning and flying your own airplane is very possible and can be affordable. Buying an airplane with multiple people may seem complex at first but once you get through the initial partnership phase, things tend to work out just fine. Trust obviously plays a factor. And every owner must be responsible for their share cost of the airplane.
In the last few years Krish and his partners bought their Grumman Tiger, they’ve made a few upgrades and even overhauled the engine. The good news is that the cost is split 4 different ways. As a partner, you buy into the ownership. And then your cost per hour to fly the airplane is $25/hr. Krish says so far, things have worked out well with his partners