Where do I start…?
I am looking to learn to fly and have been using Pilot magazine to research my options. I proceed cautiously and am looking to have as much information as possible before committing to the training. I don’t I want to fly commercially so am specifically looking at the finances of life as a private pilot.
I read with great interest the article where a comparison was made between a piston and turboprop and the finances that related to them. I was also specifically interested in the process of training for the Instrument Rating. They were both interesting and informative and as a result I would, of course, like to be both instrument rated and fly a turboprop – the second I think will always be out of reach.
Could you point me in the direction of some advice when it comes to what other readers have experienced in financing their flying? I live near to Redhill Aerodrome; the simple option is to sign up and do my PPL, but what then?
Do I hire an aircraft every time I want to fly? That would get very expensive if I want to fly to Paris and stay there for a week while working, or travel to Scotland for the weekend.
Do I join a group and share the ownership of an aircraft? How do others find this? Can you take the aircraft for longer periods? How much does this really cost on an annual basis? Are there any hidden costs?
Should I look to buy myself a much cheaper aircraft and use it to learn on? My concern would be that this costs much more in the long run. I have no experience in managing an aircraft so I don’t honestly see this as an option. Would this reduce the cost of training?
Have you already published an article along these lines? If not then could you? I am most interested in the guidance from those who have already completed the same journey. Matthew Taylor by email