Originally Posted by
skier
I'd also like to point out that right now there are a handful of planes on Barnstormers for under $10,000 including a Fisher 404, Fisher Horizon, Smith Miniplane, Quicksilver, Titan Tornado, Baby Ace, Himax, Teenie Two, etc.
There's also always the option of a partial ownership. You could buy a Cessna 150 for $20,000 and sell 3 shares for $5,000 each. Store it at a tie down for (around here) $110/month ($28/person/month), with an annual for $1,000-$2,000. Thats ~$600 /person/year fixed cost + insurance ($800?) + fuel (5 gal/hr @ $7/gal).
For $3,000 / year you can fly 45 hrs. Between 4 people, even an engine replacement approaches reasonable ~$15,000 - 20,000 = $3,750 - $5,000 per person.