As of today, 18 members have joined to form Upper Valley Flying Club. There are two more days to get your application in and be a founder. After Friday, the membership will remain open but initiation fees will increase to their standard rate of $800.
The board of Upper Valley Flying Club will meet at the former flight school location at the Lebanon Airport. This meeting is open to members and interested parties. The meeting starts at 5:30pm.
New members have until September 19th to make their application to the club. Joining now will save you $400 over the regular initiation fees which will start Sep 20. It’s the clubs way of thanking your for helping get us off the ground!
Today we secured insurance for the club’s two aircraft. The great thing about flying clubs is that, from a technical point of view, each club member is an aircraft owner and so insurance covers all club members. Unlike when renting a plane, no additional insurance is required. If you consider that a typical rental insurance costs $500/year, club dues above and beyond insurance are just $38/mo. That’s a great deal!
The flying club is officially up and running as a non-profit New Hampshire corporation as of September 8, 2014. Our founding member initiation fee special runs until September 19, 2014 and it’s a good deal: half off the regular initiation fee of $800.
At a pre-formation meeting, candidate club members offered to take the initial officer positions within the club. The first officer slate is:
- President, Matt Bucy (Private Pilot)
- Vice President, Bruce Prince (Private Pilot, IFR)
- Secretary, Mike Welch (Private Pilot)
- Treasurer, Bruce Renfro (Student Pilot)
- Chief Flight Instrutor, David Kent (CFI, ATP, ASMEL)
- Safety Officer, Tim Terry (Private Pilot)
- Maintenance Officer, Bruce Prince (Private Pilot, IFR)
At a meeting held at the Lebanon Airport, 18 people pledged to start a new flying club. Matt Bucy presented preliminary financial projections and models for the club. Next steps are to incorporate the club, set up banking, standard operating procedures and choose an initial slate of officers.
A survey that was circulated among the 42 people who responded to our post card netted 26 responses. These figures are being used to project the club’s rates and will be presented at an upcoming meeting.
• 26 respondents
• 18 willing to join immediately or in one month
• The rest some time in the future
Of those that are interested in joining up right away:
• Average Hours of Flying Expected Per Year: 40; Median: 40
• Median Experience: 175 Hours
• Most think $1000 is an appropriate joining fee (more than I expected)
• Planes (immediate members): 150 (5); 172 (14); 182RG (11); Piper (7)
• Total Hours Expected: 714
• Total Spending Expected: $93,000 (Using hours above, computed average total cost of $130/hr).
• Types: High Wing (8); Low Wing (7); Taildragger (8); Aerobatic (6); High Performance (11); Complex/Retract (6); Seaplane (4); Multi (4)
• Everyone was willing to donate some time: Total (143 hours/month); Average (9 hours/month)
The first inquiry about starting a flying club at the Lebanon Airport resulted in 42 responses out of 300 post cards mailed to registered pilots within a 30-mile radius of the airport. That’s not bad. Of those 42 about 25 showed up for a meeting at the former flight school. We’re hoping with this much response that a flight club will be possible. Future meetings will determine what people are looking for and how members would like to see a club form.
To determine how many local pilots might be interested in a flying club at the Lebanon Airport, we sent out 300 post cards to registered pilots within a 30-mile radius. We’re hoping to get at least 12 members to start the club with the goal of growing it to around 30 so that we can add a taildragger to the mix of planes available.