A: The better question truly is, “Why wouldn’t you want the advantages of this program?” Once you’ve studied the details and impacts of this approach we think you’ll be very excited and we can help you determine if participation as an owner or member is best for you.
A: Nope! Explore the benefits of this program with the DA40 XLT, DA40 NG, DA42, DA62 or the all-new Diamond DA50.
A: Remember, the program is NOT A PARTNERSHIP PROGRAM and as such avoids all the complexities of formation, capitalization, and management that go along with partnership.
Bottom line, airplanes like to be flown more than most owners fly them. That excess capacity is your asset to leverage for enhanced economics.
The DiamondShare™ Program is actually quite simple. One owner purchases the plane and several other qualified pilots pay a monthly membership to access that aircraft which transforms the owner’s economics dramatically.
An owner that has some business use for the aircraft can typically make a downpayment, receive tax savings exceeding the downpayment and have a few members cover the monthly note payments on the aircraft. This makes for very compelling ownership economics indeed.
You may not qualify for that scenario but even without outside business use and tax savings, the ability to have everything organized for you and enjoy having others pay for your plane is a great alternative to having to pay for everything yourself or “settle” for an older aircraft.
The DiamondShare Program is thoughtful, complete, streamlined, straightforward. You can literally have your New Plane for economics you won’t believe at first that you will love after just a bit of research.
A: No. The unique package of training, warranty and maintenance benefits is tied to the delivery of a NEW aircraft coupled with the value of special promotion incentives to provide the ideal experience, economics, and piece of mind.
A: The owner controls and confirms all details about the arrangements and pricing of the program. The owner picks the plane, options, base, lease package details and payment structures offered. The owner is always in charge and the final word on the structure and terms.
A: The DiamondShare™ package includes a website and online calendar for scheduling plus other helpful tools and support access.
A: The DiamondShare™ arrangement with current special promotions includes delivery costs and a training package included. The website setup, scheduling system and staff to coordinate the marketing plan to locate your first two members is part of the one-time owner setup fee.
There is comprehensive accounting, tax and legal support available. Sales taxes, fuel, property taxes, and unscheduled maintenance are of course the responsibility of the owner.
Owner start up is typically only 15-20 percent down with potential positive cash flow tax advantages depending on your tax situation. Members usually pay about $1000 per month for access and then a surcharge for storage costs, taxes on the lease amount and an annual DiamondShare Membership fee. Terms and prices vary based on equipment and base locations.
A: Yes and maybe. Yes you may be an owner. Each owner sets the minimum pilot requirements so you may be able to join as a member by paying an insurance surcharge if an owner accepts students. The beauty of the program is non-pilots and students can be owners and transform their lives immediately with assistance from professional pilots and Certified Flight Instructors while enjoying the economic and tax advantages of the program.
A: Owners own the plane and carry any financial liability they choose to take on. Attractive financing options are included in the program and of course, owners can purchase without financing and enjoy immediate positive cash flow. Members are liable for their annual lease commitment but are not liable for the financial note that may be on the plane.
A: Each pilot is named on the special DiamondShare aircraft insurance policy. Additional personal liability coverage is available. Each pilot will be asked to complete a pilot questionnaire and the insurance will be administered as part of the program.
A: Members that do not pay on schedule risk payment penalties, the loss of their security deposit and loss of access with no refunds. Owners can replace delinquent members at their discretion.
A: The operating agreement specifies that each pilot is responsible for damages he causes while Pilot in Command and of course there is insurance on the aircraft.
A: To understand the economics as an owner it is vital that you review your situation with a DiamondShare™ Team Member. Owners invest in cash or a downpayment. The economics for ownership can be extremely compelling.
Tax consulting is available for each owner to determine actual after-tax flows and many owners will enjoy a cash flow positive purchase and a very economical total cost of ownership.
Membership starts at only $1000 per month for access to a single engine DA40 before location surcharges. The DA40 NG is only a tad more but enjoys lower fuel costs and higher performance so is very popular. The DA42 and DA62 are of course higher membership rates. Contact us for further details.
A: Absolutely! Factory Air Conditioners are now available on all aircraft options. The price of this option is not included in the standard DiamondShare™ base figures.