Why should I consider DiamondShare®?
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.
Is the program only for the DA40?
Nope! Explore the benefits of this program with the DA40 XLT, DA40 NG, DA42, DA62, or the all-new Diamond DA50.
It all sounds a bit too good to be true, what's the catch?
Remember, the program is NOT A PARTNERSHIP PROGRAM and as such avoids all the complexities of formation, capitalization, and management that go along with traditional partnerships.
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 who has some business use for the aircraft can typically make a down payment, receive tax savings exceeding the down payment, 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 exact 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 settling for an older aircraft.
The DiamondShare Program is thoughtful, complete, streamlined, and straightforward. You can literally have your New Plane for economics you won't believe at first but will love after just a bit of research.
Can we use the program to purchase a used Diamond?
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 peace of mind.
Can I put the aircraft in a hangar instead of tie downs as specified in the example?
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 has the final word on the structure and terms.
How will we coordinate the scheduling of the aircraft?
The DiamondShare package includes a website and online calendar for scheduling plus other helpful tools and support access.
What additional costs do I need to plan for?
The DiamondShare arrangement with current special promotions includes delivery costs and an integrated training package. The website setup, scheduling system, and staff to coordinate the marketing plan to locate your first two members are 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 to 20 percent down with potential positive cash flow tax advantages depending on your specific tax situation. Members usually pay about $1,000 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.
I am a student pilot, can I be an owner or member?
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 that 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.
Will I be liable for the full finance amount?
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 underlying financial note on the plane.
What about insurance?
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 seamlessly as part of the program.
What happens if one of my members does not make their payment?
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.
What if one of the pilots damages the aircraft?
The operating agreement specifies that each pilot is responsible for damages they cause while Pilot in Command, and of course, there is full insurance on the aircraft.
So how much does it cost?
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 down payment. 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 $1,000 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, making it very popular. The DA42 and DA62 command higher membership rates. Contact us for further details.
Can we get an airplane with an air conditioner?
Absolutely! Factory Air Conditioners are available on all aircraft options. The price of this option is not included in the standard DiamondShare base figures.
What about training?
The DiamondShare program leverages the flight training abilities of our network of Diamond Flight Centers in your local area. There is even an option to go to the Diamond Aircraft factory in London, Ontario for your pickup and integrated training. Members will be required to obtain check-outs in the aircraft regardless of their previous experience in the make and model.
Can I talk to someone that is involved already to see what they have to say?
Absolutely! Our owners and members enjoy the opportunity to share their passion for these great airplanes and their satisfaction with the economics this program brings. Just give us a call at 406-FLY-1NOW / 406-359-1669.
How many people will share the plane?
The program is designed for 2 to 4 parties total at the discretion of the owner. Your lease agreement will define your exact terms of access.
Sign Up for Member & Owner Opportunities
Get notified as soon as a share opens up in your local area.
Why should I consider DiamondShare®?
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.
Is the program only for the DA40?
Nope! Explore the benefits of this program with the DA40 XLT, DA40 NG, DA42, DA62, or the all-new Diamond DA50.
It all sounds a bit too good to be true, what's the catch?
Remember, the program is NOT A PARTNERSHIP PROGRAM and as such avoids all the complexities of formation, capitalization, and management that go along with traditional partnerships.
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 who has some business use for the aircraft can typically make a down payment, receive tax savings exceeding the down payment, 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 exact 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 settling for an older aircraft.
The DiamondShare Program is thoughtful, complete, streamlined, and straightforward. You can literally have your New Plane for economics you won't believe at first but will love after just a bit of research.
Can we use the program to purchase a used Diamond?
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 peace of mind.
Can I put the aircraft in a hangar instead of tie downs as specified in the example?
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 has the final word on the structure and terms.
How will we coordinate the scheduling of the aircraft?
The DiamondShare package includes a website and online calendar for scheduling plus other helpful tools and support access.
What additional costs do I need to plan for?
The DiamondShare arrangement with current special promotions includes delivery costs and an integrated training package. The website setup, scheduling system, and staff to coordinate the marketing plan to locate your first two members are 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 to 20 percent down with potential positive cash flow tax advantages depending on your specific tax situation. Members usually pay about $1,000 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.
I am a student pilot, can I be an owner or member?
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 that 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.
Will I be liable for the full finance amount?
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 underlying financial note on the plane.
What about insurance?
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 seamlessly as part of the program.
What happens if one of my members does not make their payment?
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.
What if one of the pilots damages the aircraft?
The operating agreement specifies that each pilot is responsible for damages they cause while Pilot in Command, and of course, there is full insurance on the aircraft.
So how much does it cost?
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 down payment. 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 $1,000 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, making it very popular. The DA42 and DA62 command higher membership rates. Contact us for further details.
Can we get an airplane with an air conditioner?
Absolutely! Factory Air Conditioners are available on all aircraft options. The price of this option is not included in the standard DiamondShare base figures.
What about training?
The DiamondShare program leverages the flight training abilities of our network of Diamond Flight Centers in your local area. There is even an option to go to the Diamond Aircraft factory in London, Ontario for your pickup and integrated training. Members will be required to obtain check-outs in the aircraft regardless of their previous experience in the make and model.
Can I talk to someone that is involved already to see what they have to say?
Absolutely! Our owners and members enjoy the opportunity to share their passion for these great airplanes and their satisfaction with the economics this program brings. Just give us a call at 406-FLY-1NOW / 406-359-1669.
How many people will share the plane?
The program is designed for 2 to 4 parties total at the discretion of the owner. Your lease agreement will define your exact terms of access.
Sign Up for Member & Owner Opportunities
Get notified as soon as a share opens up in your local area.