AOPA Pilot Magazine - January 2013 - 64
As the year ended, the choices had been pared down to a Cessna 162 Skycatcher. The club was a Cessna Pilot Center, had operated Cessnas since its inception in 1969, and would be able to take advantage of Cessna support as the new model went through its inevitable teething pains. Cost was, of course, an issue. It would mean financing the airplane and pricing it on the rental line in a fashion that would cover payments on a six-figure loan. That lead to serious questions as to whether members would actually fly the airplane at the required rental price. The club’s Cessna 152s were solid moneymakers. Long paid for, they had been completely refurbished in the 1990s to keep them attractive, and were maintained in excellent condition. With fixed costs including hangar, engine reserve, and insurance, they were on the line for $78 per hour. According to the club’s president, Harry Crespy, it was anticipated that the Skycatcher could be rented for $100 per hour wet if it flew about 380 hours a year;
something that seemed reasonable, as the 152s averaged 700 hours per year. With a university town membership that included scientists, engineers, airline pilots, and sophisticated e-business people, it’s no surprise that the club kept detailed operating cost records on all of its aircraft, seasonally adjusted for use— so club treasurer, Bruce Williams, knew to the penny what each cost to run. The club would be subjecting the Skycatcher to the same financial scrutiny. The next step was financing. The Flyers turned to a practice it had used over the years; some of its members pooled their funds and loaned the needed money to the club at an interest rate higher than they were getting in the market but lower than the club could obtain through commercial lenders. The club was considered a good risk—in its more than 40 years of existence it had never defaulted on a loan. The order was placed. The club’s Skycatcher, soon to become N444UM, was picked up in June 2011 by club
MEMBERS of the Michigan Flyers have
a financial interest in the care and well-being of the club’s airplanes. Self-fueling helps control costs.
64 | AOPA PILOT January 2013
AOPA Pilot Magazine - January 2013
Table of Contents for the Digital Edition of AOPA Pilot Magazine - January 2013
AOPA Pilot Magazine - January 2013
Contents
President’s Position
Visual Approach
Letters
Waypoints
Proficient Pilot
Safety Pilot
License to Learn
Pilot Counsel
Fly Well
Strength In Purpose
Watch What You Eat
Milestones
AOPA Foundation
Test Pilot
News
LSA Focus: Light Years Ahead
LSA Focus: Personal Vision
LSA Focus: Buying Into the Dream
Will Fly For Food
Technique
Ownership
Avionics
Efficiency
Never Again
Frugal Flier
State & Local Action
Products and Partners
Products and Services
Air Safety Institute
AOPA Insurance Services-Aviation
AOPA Member Benefits
Fly by Wire
Pilots
AOPA Pilot Magazine - January 2013 - AOPA Pilot Magazine - January 2013
AOPA Pilot Magazine - January 2013 - Cover2
AOPA Pilot Magazine - January 2013 - Contents
AOPA Pilot Magazine - January 2013 - 2
AOPA Pilot Magazine - January 2013 - 3
AOPA Pilot Magazine - January 2013 - President’s Position
AOPA Pilot Magazine - January 2013 - 5
AOPA Pilot Magazine - January 2013 - 6
AOPA Pilot Magazine - January 2013 - 7
AOPA Pilot Magazine - January 2013 - 8
AOPA Pilot Magazine - January 2013 - 9
AOPA Pilot Magazine - January 2013 - Visual Approach
AOPA Pilot Magazine - January 2013 - 11
AOPA Pilot Magazine - January 2013 - Letters
AOPA Pilot Magazine - January 2013 - 13
AOPA Pilot Magazine - January 2013 - 14
AOPA Pilot Magazine - January 2013 - 15
AOPA Pilot Magazine - January 2013 - Waypoints
AOPA Pilot Magazine - January 2013 - 17
AOPA Pilot Magazine - January 2013 - Proficient Pilot
AOPA Pilot Magazine - January 2013 - 19
AOPA Pilot Magazine - January 2013 - Safety Pilot
AOPA Pilot Magazine - January 2013 - 21
AOPA Pilot Magazine - January 2013 - License to Learn
AOPA Pilot Magazine - January 2013 - 23
AOPA Pilot Magazine - January 2013 - Pilot Counsel
AOPA Pilot Magazine - January 2013 - 25
AOPA Pilot Magazine - January 2013 - Fly Well
AOPA Pilot Magazine - January 2013 - 27
AOPA Pilot Magazine - January 2013 - Strength In Purpose
AOPA Pilot Magazine - January 2013 - 29
AOPA Pilot Magazine - January 2013 - 30
AOPA Pilot Magazine - January 2013 - 31
AOPA Pilot Magazine - January 2013 - 32
AOPA Pilot Magazine - January 2013 - 33
AOPA Pilot Magazine - January 2013 - Watch What You Eat
AOPA Pilot Magazine - January 2013 - 35
AOPA Pilot Magazine - January 2013 - Milestones
AOPA Pilot Magazine - January 2013 - 37
AOPA Pilot Magazine - January 2013 - 38
AOPA Pilot Magazine - January 2013 - 39
AOPA Pilot Magazine - January 2013 - AOPA Foundation
AOPA Pilot Magazine - January 2013 - 41
AOPA Pilot Magazine - January 2013 - Test Pilot
AOPA Pilot Magazine - January 2013 - 43
AOPA Pilot Magazine - January 2013 - 44
AOPA Pilot Magazine - January 2013 - 45
AOPA Pilot Magazine - January 2013 - News
AOPA Pilot Magazine - January 2013 - 47
AOPA Pilot Magazine - January 2013 - 48
AOPA Pilot Magazine - January 2013 - LSA Focus: Light Years Ahead
AOPA Pilot Magazine - January 2013 - 50
AOPA Pilot Magazine - January 2013 - 51
AOPA Pilot Magazine - January 2013 - 52
AOPA Pilot Magazine - January 2013 - 53
AOPA Pilot Magazine - January 2013 - LSA Focus: Personal Vision
AOPA Pilot Magazine - January 2013 - 55
AOPA Pilot Magazine - January 2013 - 56
AOPA Pilot Magazine - January 2013 - 57
AOPA Pilot Magazine - January 2013 - 58
AOPA Pilot Magazine - January 2013 - 59
AOPA Pilot Magazine - January 2013 - 60
AOPA Pilot Magazine - January 2013 - 61
AOPA Pilot Magazine - January 2013 - LSA Focus: Buying Into the Dream
AOPA Pilot Magazine - January 2013 - 63
AOPA Pilot Magazine - January 2013 - 64
AOPA Pilot Magazine - January 2013 - 65
AOPA Pilot Magazine - January 2013 - 66
AOPA Pilot Magazine - January 2013 - 67
AOPA Pilot Magazine - January 2013 - 68
AOPA Pilot Magazine - January 2013 - 69
AOPA Pilot Magazine - January 2013 - Will Fly For Food
AOPA Pilot Magazine - January 2013 - 71
AOPA Pilot Magazine - January 2013 - 72
AOPA Pilot Magazine - January 2013 - 73
AOPA Pilot Magazine - January 2013 - 74
AOPA Pilot Magazine - January 2013 - 75
AOPA Pilot Magazine - January 2013 - Technique
AOPA Pilot Magazine - January 2013 - 77
AOPA Pilot Magazine - January 2013 - 78
AOPA Pilot Magazine - January 2013 - 79
AOPA Pilot Magazine - January 2013 - 80
AOPA Pilot Magazine - January 2013 - 81
AOPA Pilot Magazine - January 2013 - 82
AOPA Pilot Magazine - January 2013 - Ownership
AOPA Pilot Magazine - January 2013 - 84
AOPA Pilot Magazine - January 2013 - 85
AOPA Pilot Magazine - January 2013 - Avionics
AOPA Pilot Magazine - January 2013 - 87
AOPA Pilot Magazine - January 2013 - 88
AOPA Pilot Magazine - January 2013 - Efficiency
AOPA Pilot Magazine - January 2013 - 90
AOPA Pilot Magazine - January 2013 - 91
AOPA Pilot Magazine - January 2013 - Never Again
AOPA Pilot Magazine - January 2013 - 93
AOPA Pilot Magazine - January 2013 - 94
AOPA Pilot Magazine - January 2013 - Frugal Flier
AOPA Pilot Magazine - January 2013 - State & Local Action
AOPA Pilot Magazine - January 2013 - I1
AOPA Pilot Magazine - January 2013 - I2
AOPA Pilot Magazine - January 2013 - 97
AOPA Pilot Magazine - January 2013 - Products and Partners
AOPA Pilot Magazine - January 2013 - 99
AOPA Pilot Magazine - January 2013 - Products and Services
AOPA Pilot Magazine - January 2013 - 101
AOPA Pilot Magazine - January 2013 - Air Safety Institute
AOPA Pilot Magazine - January 2013 - 103
AOPA Pilot Magazine - January 2013 - AOPA Insurance Services-Aviation
AOPA Pilot Magazine - January 2013 - 105
AOPA Pilot Magazine - January 2013 - AOPA Member Benefits
AOPA Pilot Magazine - January 2013 - 107
AOPA Pilot Magazine - January 2013 - Fly by Wire
AOPA Pilot Magazine - January 2013 - 109
AOPA Pilot Magazine - January 2013 - 110
AOPA Pilot Magazine - January 2013 - 111
AOPA Pilot Magazine - January 2013 - Pilots
AOPA Pilot Magazine - January 2013 - Cover3
AOPA Pilot Magazine - January 2013 - Cover4
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