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Our Values
We are not an aircraft rental service. The planes are owned, operated, cleaned, and managed by all of the members. The Flying Signaleers is a way for all of the members to share in the pleasure and pain of owning their own aircraft. As a partnership we value the following: In Members - Honesty
- Safety
- Conscientious about how their actions affect other members
- Don’t feel burdened by the share price or the hourly rates
- Clean up planes after they use it
- Pay for the damage they cause
- Proud of the aircraft we own
In our Aircraft
- Great condition
- Well maintained
- Look sharp
Financially
- Not for profit
- Planning for the future (saving money versus borrowing)
- Spending money on good equipment but not always the latest and greatest
- Safety above cost
Our Goals
2007 Goals - Build up membership to cover improvements in aircraft
- Build up TBO fund
- Replace interior of 172
2006 Accomplishments - Moved aircraft to Thun Field
- Establishing a TBO fund by putting money away each quarter from the hourly rate
- Recruited new members to cover attrition from move to Thun field
2005 Accomplishments - Build a forecasting model. The forecasting model will allow us to understand the affect changing variable has on the club. It allows us to look at the affect of changes in gas prices, membership, dues, and maintenance. It also sets the ground work for planning for future optional expenses like electronics upgrades, new paint jobs, interior upgrades, and additional planes. See example. Also, see complete breakdown of the hourly rate components for the 172.
- Pay off the remainder of the 182 new-engine loan
- Obtain a universal gas card for each aircraft that can be used practically anywhere
- Web based aircraft reservation system
- Club brochure for marketing to new members
- New Flying Signaleer website and internet domain
- Key processes available on-line
- More automated (self help) membership application process
- Membership questionaire
2004 Accomplishments
- Financial study of the previous 6 years to better understand the fixed and variables costs and better match the costs to each aircraft. This allows us to be much more objective about each plane, the hourly rate, and future financial goals
- Audit of the 2004 financials and billing process
- New engine for the 182
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