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Hello, I'm Brandon Martini, a commercial pilot and flight instructor.

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I'm Carson Vasquez.

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I'm a private pilot.

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And you're listening to the aviation mentors podcast sponsored by Stratis Financial.

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So buckle up because the aviation mentors are taking off.

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Welcome back everybody to another great and fantastic episode of the aviation mentors

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podcast.

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Thanks for joining us today.

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As we count down with only three days left to Oshkosh Air Venture for the kickoff.

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We can't wait.

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As you guys know, by the time you're listening to this at least, we're recording this a few

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days early because we're getting in travel mode with the entire Stratis Financial team.

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I think we've got 10 of us going to the show.

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That's why we mentioned that we bought nine or 10 bikes on the last episode.

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And it is going like crazy for planning wise.

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And I'm sure if you're planning on going, you're already starting to look into things.

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And if, especially if you're coming from across the world, some of you might actually already

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be in route before even hearing this episode today, which is pretty fantastic.

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Our entire team will be at Oshkosh getting ready to see each one of you there.

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And Carson and I have been talking a lot about how you can fly into Oshkosh, what's to experience.

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And he needs more hours and experience to feel comfortable with him flying there.

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I think he could do it.

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Don't you guys?

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Maybe, maybe not.

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I don't know.

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You know, that's, that's a semi nice thing for you to say until you drop the drums on

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me, but I do appreciate it.

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You know, I just, I think we just need a little bit more before we, before you go fly to Oshkosh

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together, especially need to get super current again.

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Yes.

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There's a difference between current and super current.

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Thanks so much for telling us, Carson.

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Well, that's like saying IMC versus the soup.

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Okay.

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Everyone knows what I'm talking about.

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Yeah.

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Super current.

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I love that.

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That's a new FAA term that they're, they're now adopting.

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Yeah.

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The 2024 far aim came out.

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You didn't catch that part in the revision.

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Super current.

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Super current.

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Super current and competent at the same time.

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Wow.

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You're competent.

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So that's interesting.

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Which brings us to a pretty great way to build time actually, since Carson needs to build

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some more time for him to feel comfortable.

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And that is joining a flying club.

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We've never actually talked about flying clubs.

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We've always talked about, we've talked about flight schools and university programs and

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things like that.

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So they are not for building hours usually, or not only for building hours.

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There's a ton of great benefits to being a member of a flying club.

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And we're going to get into several of them today actually.

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Yeah.

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Well, Brandon, you know, neither of us have actually been in a flying club, but we've been

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around them plenty and we have plenty of friends who actually been in them.

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So Brandon was suggesting I joined with them and gave me so many great reasons for it.

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So I want to make sure you guys heard all of them.

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First off, Brandon, why don't you start by explaining what a flying club is?

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Thanks for that, Carson.

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Now, a flying club, by the way, wait until we start going to video and you're going to

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get to see our funny facial interactions.

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It's pretty hilarious.

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And we're going to do some video recording in AirVenture.

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So it'll be pretty awesome for you guys to see some of us.

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And you're going to see how ugly Carson is now, how amazingly great looking I am, of course.

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I mean, it's just true.

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You know, Brandon, you can think whatever you'd like to think about that.

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Matty feels differently and so does my mom.

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So that's what really counts here.

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I guess that's it.

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The two women in your life that matter the most.

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That's good for you.

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So back to back to business, right?

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So a flying club is similar to a flight school, except for it's not structured like a flight

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school.

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It's structured more like a group of friends that want to rent aircraft to each other and

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they want to share in the expenses of them.

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So that's really what a flying club is.

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So you can have a very small flying club with one or two airplanes.

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And generally flying clubs are really made up of several aircraft.

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You normally I don't know, three to 10 airplanes are probably the average size flying club,

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probably generally kind of like the average size flight school, right?

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The average size flying club will already have all these assets and we'll have several

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members and we'll have a cap on members.

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And what they do is they take a normally a large fee upfront.

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So you'll pay five or 10 or 20,000.

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I've even seen $50,000, sometimes even more if you're one of the only members of a brand

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new club that needs a new airplane.

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And what they'll do is they will put the plane in the flying club's name and over time they

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will sell shares of that.

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And that's how they will kind of cash themselves out when they start a flying club, right?

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But in general, after a flying club is established, let's just say you've got two airplanes and

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they're worth $100,000 total and you have 100 people in that club.

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So maybe you have 100 people paying $1,000 to join the club and then you have a more

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monthly maintenance fee for every member in that club.

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And that every member might have to spend $100 a month on maintenance fee.

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And that keeps the insurance on the airplane.

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It keeps the airplane hangered.

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It pays all the cost.

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And then generally you'll have what's called a dry rate on the airplane.

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Now whenever you go to flight school, they typically have wet rates.

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The difference between a wet rate and a dry rate is one includes fuel and one does not

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include fuel.

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So a wet rate means let's say you pay $200 an hour for an airplane.

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If it's a wet rate, you don't pay any additional fuel cost unless there's a fuel surcharge

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or something which has been kind of prevalent in our industry over the past two years because

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of the Ukraine War.

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Or you can be in a flying club or something that typically has what's called a dry rate.

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And a dry rate means you can save money if you like to save fuel.

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So if you like to lean your mixture and you like to save fuel and treat the airplane the

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way it should be very well, you will end up saving money, right?

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So the dry rate might be on that same $200 per hour airplane.

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It might only be $100 per hour.

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But then you pay for the fuel separately.

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So maybe the rate is really, your total rate is $160 an hour.

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So generally there's a break even point.

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You need to fly an hour or two or five hours a month or whatever it may be in your club

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to break even per year just like it is to buy an airplane.

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Generally you need to fly about 100 hours per year on a rental airplane before it makes

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sense to purchase one and different things like that if you're only looking at the cost

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and not the time savings.

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So that's really kind of the main way that a flying club operates and what it is and

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what their purpose is.

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The purpose also, they take $100 or whatever their fee is.

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Some places have really high fees from a whole lot of different people.

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And guess what?

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Most people don't get on the schedule and fly the airplane.

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They just pay their fee every month.

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But inside the agreements that everyone has to sign, they all have to stay current or

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super current or whatever you said it was, Carson.

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So that's also a possibility.

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They have to stay current.

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So they may have to go up with an instructor.

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There's typically check instructors that are mandated by either the insurance or the board

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of directors.

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Those are definitely all different points that you could see in a flying club.

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Well, going back a step and speaking about fees, there's a ton of advantages to it.

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But based on the price first, how can that be a beneficial part of being a flying club?

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Well, generally, if you're at a flying club, you're not have to pay for flight school profit.

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Flight school is a business.

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They need to make money.

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That way they can pay themselves and pay their staff and pay for their lifestyles.

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Now, generally, flight schools aren't a very profitable business compared to other businesses.

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Some flight schools are and they make a lot of money.

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The world's largest flight school, I guarantee they make a lot of money.

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They've got like 56 campuses or something.

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So the big difference is you're not paying their profit.

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So let's just say their profit margin is normally 20%.

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So $200 per hour airplane, that's $40 per hour that's going to go into the flight school's

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pocket.

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There also might be some overhead costs that isn't really profit.

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That's maybe another 20 or $40.

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So let's just say you might be able to get the airplane for 20 to 50% cheaper than you

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would if you went to a flight school.

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But there's an upfront cost usually.

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It's typically whatever that is to become a member of that flying club, whether it's

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a thousand, two thousand, 10, 20, 30,000.

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I know there's flying clubs that have Honda jets.

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And I think those are memberships are like 250,000 and you have to pay for your own type

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rating and you have to have this insurance checkout.

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And you have to be with an instructor for like 50 hours or something.

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So there's flying clubs that are for more wealthy people as well as people who are just

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trying to save money or they want a different community.

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So some people like a community of older pilots.

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That's typically in a flying club, not brand new younger ones.

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They like newer, nicer airplanes, ones that are well-kept because everybody in a flying

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club is typically an owner of that airplane.

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So you're going to keep good care of that airplane.

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You're not going to treat it like a rental airplane or a rental car.

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Everyone treats a rental car like junk.

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And everyone also keeps her treats rental airplanes like junk.

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It's really unfortunate, but that's kind of the way that people treat things.

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Not all people, but a lot of people do.

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So I would say that those are kind of the benefits, especially on cost.

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You can save quite a bit of money because you're not paying for that flight school's

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profit or some of their overhead.

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Flying club might not even have an office.

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Really?

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They will have overhead like insurance and things like that, but they probably don't

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have an office space.

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They don't have staff that mans that office.

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They have different expenses and they're a lot lower.

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Yeah.

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Well, it makes up for it because as far as the aircraft that you're flying, they're typically

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going to be in better condition.

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Like Rand said, you're going to be a part owner of that plane and you're pretty much

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buying into it as well.

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So you definitely want to have a part to play in keeping that plane nice and pretty.

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Yeah, definitely.

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And there's also some benefits to it.

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I know flight schools I've been to.

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Typically they have staff that clean the airplanes, right?

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They keep your windows clean.

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They make sure the bellies get cleaned regularly.

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Well, a flying club, you're volunteers.

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So that's also another thing you're going to be doing.

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You're going to need to volunteer to go clean those airplanes.

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You can't just be the slacker and never go.

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You have to actually do something, right?

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You have to be a member of this club.

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It's like joining a country club or joining a shooting club or joining any type of club.

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It's a club you have to join and you need to be a competent member of that.

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So those are some things you also have to do.

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So obviously I've been a member of several different types of clubs for a long time,

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but I'm a member of a soaring club, which I think I mentioned a couple episodes past

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on when we talked about soaring.

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And I don't participate that much, but I pay my dues.

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So I'm actually probably a really good member.

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I haven't gone there in like six months or a year and I pay my dues every month and never

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complain and never ask for anything.

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I'm the perfect club member, right?

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They take my money.

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I'd help pay for all the airplanes and the maintenance, but the downside of it, I don't

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really go there too, because I don't have the time right now.

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I don't go there to help clean the airplanes and be an active member in that community.

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But if you do want to join a flying club, I highly suggest you're an active member in

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that community.

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That way you can keep those points in better conditions.

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And it is a great community as well.

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You're pretty tight knit.

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You guys are flying together, you're flying the same planes.

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You can time build together and there's a lot of just networking opportunities.

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Like Brandon said, that's the way that you go and talk to people is just walk around

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the airport making friends.

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And that's essentially what you do.

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And it's a great way as well to go and get into a flying club if you can't find one near

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you.

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Because you can only find that kind of club and that kind of community in aviation.

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So with all that interconnectedness, I think it's a really good route for me to take.

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And like I was saying, most airports do have a flying club.

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You're going to probably be around at least one or two airports locally to you, which

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I didn't know about until I started flying, by the way, that there were so many airports

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and someone's going to be a flying club.

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Someone's going to know someone.

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So just go talk, go reach out on Facebook or Instagram and someone's going to help you

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out.

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That's what aviation is all about, is just helping everyone.

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And with that being said, I can't wait to help everyone and get to see everyone at Oshkosh.

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And next year, hopefully I'm going to be able to fly into it.

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So that's my huge goal.

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And by the way, I'm going to mention one more thing on flight instructors.

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So like I said a few minutes ago, typically with flight instructors, you have to use the

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club's flight instructors.

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But sometimes they have flight instructors that the club has checked out who are not

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members who allow you to flight train in those airplanes.

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But also keep in mind, if you are not a pilot, there also might be a possibility that you

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cannot even join that club until you're a pilot and have had a checkout flight, which

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is typically about the same as another checkride or a checkride or a BFR until you become a

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competent pilot to fly those airplanes.

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They really want to take really good care of them.

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And they're typically not your just cheesy 172 or Cherokee.

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They're typically a 182 or a Cherokee six or a 210 or a serious or or even that Honda

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jet that I talked about earlier.

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So they could be kind of anything.

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So I'm looking forward to seeing everybody in three days.

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Actually, by the time you are listening to this, I will be in an airplane on my way to

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Milwaukee to get my rental car.

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Carson will already be at Oshkosh and you will get to go over and see him if you'd like.

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He'll be setting up.

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The show starts next Monday.

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So just in a few days from now.

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So if you want to come see us at the booth, make sure you come see us at the booth number

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1053 1054 hangar B aircraft spruce hangar.

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And if you want to reach out to us so you can reach us at Brandon and aviation mentors

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dot com or as always Carson at aviation mentors dot com.

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We're looking forward to seeing you.

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Thanks so much.

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And as a wrap up for the day, remember, we're here to guide you in your aviation journey.

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So stay super current, fly safe and enjoy the ride.

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See you there.

