Capitol City Flyers is organized as a non-profit corporation. Member pilots own equity shares of the corporation. Currently shares are limited to 30 persons. Each member pilot pays monthly dues towards corporate fixed expenses and hourly usage fees for aircraft time used. Monthly dues range from $130 to $80 per month depending on hours flown (lower monthly dues for more hours flown).
Since the membership is limited, a prospective member must purchase a share of the corporation from an existing owner that desires to sell his/her share or directly from the coporation, when there are less than 30 current members. Shares trade at prices agreed between the seller and buyer. The corporation enjoys a strong asset position due to it’s long and stable history.
If you are interested in sharing the pride, benefits and expense of aircraft ownership with 30 similarly minded pilot owners, please contact us.
