Just the Facts

We hear you. You just want to get to the point. What’s this going to cost, and what are the eligibility requirements?

Eligibility:

Beechcraft Bonanza (hull value $300k)

Minimum time: 1000 hours; 250 hours retract; 25 hours in make & model

Deductible: $1000 in motion; $500 not in motion

Club Fees:

Beechcraft Bonanza

Initiation fee: $3000, also covers first year fixed costs

Ongoing annual fixed costs share, $3000, beginning Day 1 of Year 2

Hourly wet rate: $225

Note that your initiation fee is refundable should you leave the club, but only after another member joins to take your place. If no member joins within 12 months of your departure, you waive the right to receive that refund.

We are working with our insurance broker to assemble a renter’s-insurance policy so you’re covered for the deductibles and any other unrecovered costs in the event of an incident. In any event we strongly encourage such a policy for every member, and reserve the right to require it for any individual member at any time.

The Bonanza is billed by the electronic engine time counter in the G3X panel. Fuel is reimbursed at away fields at the prevailing rate at KHEF. Initiation fees are refundable if you leave the club after a minimum of six months, but only once another member is found (and approved by insurance) to take your spot. A much more detailed discussion of the fees and costs is available here.