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I've been contemplating looking for a partner to buy 1/2 share of N6740S for some time now. It's mostly time and money that makes this sound like a good idea. I'm just too busy to fly much right now. Has anyone here had any experiences with partnerships? At the time I don't personally know anyone who flies and wants to own half of a plane. 40S is currently hangared at Fitchburg Airport KFIT in Mass. Any suggestions would be appreciated.

Many partnerships go sour quickly. Conflicts arise, either in scheduling of the airplane, (both always want it on weekends), maintenance (one is willing to spare no expense, the other doesn't want to spend a dime), operation of the aircraft (one runs it to death and abuses it, the other babies it), or any one of several other similar disagreements.

Some partnerships DO work, most do not. In your case, you are now a sole owner, if you sell 1/2 of it, you will suddenly not be a sole owner, but rather a simple partner in a business arraingment...............

Charles

100% in agreement with Charles, here!

One thing I don't have is an excess of funds!

One thing I won't look for is a partner to help carry the load! (I've already got one, but had to marry her first!)

I am in 1/2 partnership, and it's fantastic! But I am lucky. I originally wrote a big long email in response, but finally decided, if you want to talk to someone whose been there and done it successfully for 2.5 years, send me a private message. There is much we can discuss.

Charles and Carl are right, *most* of the time partnerships can be problematic. I'm an exception to the norm, but it proves it can work!

I am actually looking for a partenr for my airplane as well. If you write an email send it to me as well.

I've owned several airplanes with partners which worked out just fine. I used the airplanes during the week and the partners used them on weekends. I also got to use them on weekends, but there was little conflict. Choosing partners is sort of like choosing a wife, you need to have similiar attitudes on maintenance and schedules (no headaches!).

I could not have afforded to go it alone on some airplanes that I had.

Geo.

I would hand the keys to my airplane to just about anybody to use. But, to share my airplane full time with somebody? Horrors!

Eric,

Good info on partnerships on AOPA with some searching. Truth is, whether an airplane or a business, the foundation for a good partnership is: A) Compatibility of the partners. You need to make a detailed list of things important to you with your airplane...like the stuff Charles described on maintenence and upgrades and find someone who is of like mind, and B) Good paperwork. A well-defined and drafted agreement that everyone reads and understands.

The paperwork can be seen as a hassle, but it can also be the salvation of a partnership if a dispute arises.

I am studying the issue myself right now, and while I love sole ownership, sometimes the realities of life make partnerships attractive and you have defined some of them.

Do your research both in likely partners and in the paperwork and I think it can work. Quite frankly it is much preferable to a lease-back arrangement to a flight school.

Watch out I might take you up on that!

I would suggest that the method of resolving conflicts also be agreed upon in advance in the contract, even if it is just a coin flip. At that time, no one has any specific interest in an outcome to color negotiations.