Ten-Hi Flyers is a mature debt-free private flying club that was organized
in 1956 and became a Colorado nonprofit corporation in 1961. Our purpose is to
provide affordable pleasure flying opportunities in quality aircraft for 45
member-owners. We are flying a 1977 Archer (PA28-181), a 1980 Bonanza (F33A),
and a 1988 Saratoga (PA32R-301) for dry rates of $44, $70, and $70 per hour,
respectively. All three are well maintained, IFR equipped, and hangared with
pride at Rocky Mountain Metropolitan Airport (BJC).
New members are elected when a vacancy occurs. They must be at least 21,
and hold a private license. Membership exchanges take place within the corporation,
and ownership obligations continue until members are replaced. Resigning
members receive payment from our treasury for the value of their share after a
new member joins our club. The current value of a Ten-Hi share is $3,240.
First month's dues ($195), and a membership fee ($50) bring the total new
member payment to $3,485. Members also support their club in various ways
with personal time and talent. Those who cannot do so pay a
"parity charge" of $5.00 per hour when flying our aircraft.
Our dues are "flyable". Dues payments are converted to flight
credits which accrue without limit to pay for a member's flight time.
(Flight credits cannot be transferred or assigned to others and have no cash
value). Hourly rates increase by 20% if accrued flight credits are depleted.
Member account statements are e-mailed monthly. Payments are due on the 20th
of each month, and overdue at month end. A late charge is added to overdue
accounts. Flying privileges are suspended if payments are more than two months
overdue.
Our annual budget is based on a membership of 45 pilots, and is funded
by our dues payments which cover all club expenses and fund our reserves for
overhauls and aircraft exchanges. A yearly assessment of $90 is billed each
July and our share value increases by that amount at that time. The proceeds
augment our aircraft exchange fund.
Our maintenance budget is based on historical experience. Any surplus
is kept in a maintenance reserve fund and used to offset maintenance overruns
if they occur. Extraordinary expenses that exceed the sum of the maintenance
budget and reserves will trigger an annual maintenance assessment.
Our aircraft are insured. Hull coverage is maintained at market value.
The normal deductible is $1,000. Liability coverage is $1,000,000 per accident
with sub-limits of $100,000 per person.
Scheduling and communication functions are provided by AircraftClubs.com.
Scheduling rules provide reasonable access for all members, and impede excessive
individual use of our assets. Time-building and frequent business flying is
restricted. Participation in competitive events and use by nonmembers is
prohibited. Shared expense trips are normal, but production of revenue for a
member or his employer or associates is not allowed. Completion of a thorough
club checkout in each aircraft and annual make/model proficiency checks are
required. Our members must maintain 90-day make/model currency or participate
in recurrent training.
Ten-Hi is not a rental club (an important distinction). We are a group
of owners who enjoy proficient pleasure flying in our aircraft.
Positions may be available for mature, competent pilots who will enjoy sharing
our ownership pride, can contribute some time and talent to enhance our safety
and success, and can sustain the financial obligation of owning their share of
Ten-Hi Flyers.
If your qualifications, abilities, and aviation interests are
similar to ours, please call:
Fred: 303-986-6121
or
Mike: 720- 936-4608
or
Email Us
7-2007
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