Capitol City Flyers Membership
Capitol City Flyers is organized as a not-for-profit corporation. Member pilots own equity shares of the corporation. Currently shares are limited to 30 pilots. Each member pilot pays monthly dues towards corporate fixed expenses and hourly usage fees for aircraft time used. Monthly dues range from $170 to $220 per month depending on hours flown (you earn a $50 flying credit if you fly at least once during the month).
Prospective shareholders must be certificated private pilots or advanced primary students (solo, with more than 25 hours in the last 6 months). Additional insurance, currency and financial requirements must be met. There are also security requirements to operate out of Dane County Regional Airport. New pilots to MSN must take a security seminar and obtain an access badge.
Since the number of shareholders is limited, a prospective shareholder must purchase a share of the corporation from an existing owner that desires to sell his/her share or directly from the corporation, when there are less than 30 current shareholders. Shares trade at prices agreed between the seller and buyer. The corporation enjoys a strong asset position due to its long and stable history.
Contact us if you are interested in sharing the pride, benefits and expense of aircraft ownership with 30 like-minded pilot owners.
CCF has introduced a Social Membership level. Be a member of the club, participate in all social activities, join on flying events when space is available. Social Members are not permitted to fly the corporation's aircraft or act as PIC. The cost of the Social Membership is $5/month, collected yearly, prorated if you join mid year, and is a great way to get to know the club before you buy in, as well as meet members who may be selling their shares.
A flying club is an organization that allows its members to pursue flying activities, usually by providing access to aircraft (more details) on an operational basis. Flying clubs come in many different types and sizes. Some even think a few pilots sharing a plane and expenses is a flying club, but in general that is considered a partnership. Flying clubs are generally larger than a few pilots and one plane, usually dozens of pilots and a few planes (like CCF), sometimes hundreds of pilots and dozens of planes. Some flying clubs are non-equity based (you don’t own the planes) and some are equity based (you owe a share in the planes). Capitol City Flyers, Inc. is an equity club and each member owns an equal share of the Club.
There are 2 main differences;
1) You own the planes (you care and have a say in what happens to them). Our planes are better equipped and maintained.
2) The fee structure. CCF charges monthly dues to cover fixed expenses, the FBO has their cost baked into the hourly rate. CCF charges hourly rates based on Tach time (Tach RPM based on 75% power), the FBO charges based on Hobbs time. On average, one Hobbs hour equates to 0.85 Tach hour (you fly an hour by your watch, you get billed 0.85 based on the Tach). CCF doesn’t charge sales tax. Both CCF and the FBO are vary the hourly rates by the cost of 100LL, but CCF gives credit back if you fill up with cheaper fuel than the current surcharge level.
You must purchase an outstanding share from the club or from a current member. A membership application must be submitted to the club and approved by the President. Capitol City Flyers is currently capped at 30 members.
We typically have a few membership changes per year. Contact us for current information.
Purchase of a stock in Capitol City Flyers is a private transaction between the buyer and seller. The Club is not a party in price negotiations. There is a $50 stock transfer fee, payable to the club, at time of transfer.
Share for sale: Jamie Buchanan at firstname.lastname@example.org (posted 4/11/18)
It takes on average 3-5 days to process and approve a new member application. The more information you provide to us, the shorter the time frame.
Yes, to become a member you must hold at least a Private Pilot certificate or be a Student Pilot with at least 25 hours total time in the proceeding 6 months prior to joining. Since implementing this rule, we have had several members join and complete their Private Pilot training and go on to more ratings.
All members must follow the Club's Standard Operating Procedures. These rules govern membership requirements, eligibility to fly Club aircraft, flight operations and limitations, reservations, member responsibilities, dues, bill payments, violations, flights out of the USA, smoking and minimum requirements to fly aircraft.
The club uses the scheduling website service AircraftClubs.com: www.AircraftClubs.com
. Each member is given a unique access id and password. Access to reserve particular planes is based on documented CFI endorsement or at the beginning of training towards checkout.
Yes, Student Pilots cannot schedule the Skylane or the Diamond. The maximum number of active reservations a member can have at any given time is six (6). The maximum number of days in advance for a reservation is 180 days. Both maximums can be overridden by a member of the Board of Directors (BOD) for a significant reason. There is also a requirement of notice to the Maintenance Officer when reserving an aircraft more than 5 days (This is to make sure the plane will be completely up to date on maintenance such as oil change or GPS updates). There is a requirement when planning a trip outside the USA, to coordinate with the Board of Directors (insurance and any country-specific requirements).
Monthly dues are $220 per month. Dues cover the fixed costs of the Club, including aircraft expenses "before the propellor turns". Expenses paid by dues includes:
- Basic aircraft annual inspections
- Hangar rent
- Debt service
- GPS subscriptions
- Tax document prep and filing services
- D&O liability insurance
- Monthly flying credit
- Web site, AircraftClubs.com subscriptions
Each month, the Treasurer collects all Flight Tickets, calculates hourly totals by pilot and aircraft, determines monthly dues, flying credits and applicable fees. He then applies any fuel purchase credits or unpaid balance from the previous month and determines each member’s new account balance. The billing statement is sent out via email at the beginning of the month and posted on the club’s DropBox account. The balance is due in the Club's PO Box end of the that month. The Club does not accept credit card payments.