* Rates shown are for "Lowest Cost to Fly" Option
Dues - $129 per month which cover the fixed operating costs of the club.
Option 1 - Lowest Cost to Join: $2950
Lower buy-in with higher hourly rates on aircraft.
The "Lowest Cost to Fly" rates are 20% to 30% greater than the "Lowest Cost to Join" rates.
Option 2 - Lowest Cost to Fly: $6500
Higher buy-in with lower hourly rates on aircraft.
Hourly aircraft rates are determined by Board of Directors and published the Flywell website.
The roster is limited to 40 members.
The membership share price is based on fractional ownership of all four planes and the hangar.
Both membership categories have same obligations, rights and privileges with regard to voting rights, board membership and family membership.
The total number of “Lowest Cost to Join” memberships shall be limited to ten (10). This limit may be changed by a vote of Flywell board.
Members can upgrade their membership at any time without a transaction fee by paying the difference between the two membership options and then enjoy lower hourly rates. However, there is no provision for the reverse.
In the event of an equity distribution due to dissolution of the Flywell entity or other assets a “Lowest Cost to Join” membership would be limited to a maximum payout commensurate with equity investment – a percentage of buy-in cost / $6500.
mile of highway takes you one mile
but one mile of airport runway takes you anywhere in the world.