General Informational Meeting March 6, 2013

History Founded by University of North Dakota Faculty Resurrected by John D. Odegard UND Flying Club doubled in size School of Aerospace Sciences Late 1990’s - Flying club becomes inactive. 2000’s - UND Flying Club has come and gone repeatedly.

Organization Pages eZ Site Facebook Student Involvement

Organizational Positions Membership/Recruitment Officer Outreach Officer Secretary Fundraising Officer

1955 Piper Tri-Pacer

Bought as a project plane Mostly located at Mr. Schumacher’s ranch STC’s Conventional Gear (Univair) Skylight Window

Active Restoration Left-wing currently dismantled in Clifford garage Restore one wing at a time Fabric estimated at about $750-$1000/wing Inspect Engine (0-320) 150 hp Total amount needed: $20,000 Donations/Fundraising Time: 3-5 years

Aircraft Restoration - Rules Either one of the 3 people need to supervise: Drake Fisher, Training Officer & Project Manager Nick Coyle, President Tracy Kruchten, Vice-President Some items will require Ken Foltz or other A&P’s No bending, hitting, cutting, or deforming of any structure Be very gentle Ask questions

Aircraft Restoration Dates will be published on Facebook and with notification. Join in if you’d like. No time commitments. Have fun with this!

Flying Club - LLC Will handle actual aircraft rentals & flights Liability & Association Membership & Hourly rates will vary Will start with a Cessna 172 Commonality, useful load, cheaper to run/insure Later aircraft may be different (if we get that far) Membership here will also get membership with UND Flying Club (Tri-Pacer project)

Flying Club - LLC AOPA flying club effort Members will not be personably liable (LLC Protection) GFK Airport Authority Flying Club restrictions GFK Flight Support Hangar (2 person waitlist 02/27/13) 2006 Cessna 172S ($167/Hour) $99/Hour Dry 100LL - $6.80/Gallon (03/05/13)

How it works… Investor(s)Anyname, LLC. Green and White Flight, LLC. Dry Lease Agreement $ Lease Origination Fee (est. $2,500) Taxes, Closing costs, etc. Minimum 3 year lease with option to cancel Note: We are doing all the grunt work.

Membership Rates Aircraft Amount$45,000$60,000$75,000 Aircraft $/Month$500$700$875 Insurance$416 Hangar$250 Annual Insp.$150 Total$1,316$1,516$1, Members$132/Month$152/Month$170/Month 15 Members$88/Month$102/Month$113/Month 20 Members$67/Month$76/Month$85/Month * Monthly aircraft payments based on 10% down, 4% interest, 8 year term

Why that much for an airplane… 1980 Cessna 172N ($70,000) 1980 Cessna 172N ($49,000) 1979 Cessna 172N ($60,000) 1964 Cessna 172 ($54,900) 1980 Cessna 172N ($39,000) 1966 Cessna 172 ($39,900) 1970 Cessna 172 ($39,600) Considerations: TSO, TT, Avionics (GPS), Interior/Exterior

Hourly Rates Engine Reserve (Varies depending on TBO left) $15/Hour Depreciation$8/Hour Maintenance Reserve$15/Hour Dry Total$38/Hour Fuel (10 gallons/hour)$68/Hour Wet Total$106/Hour

Total Cost to Members $45,000$60,000$75, Members$132/Month$152/Month$170/Month 1 Hr/Month$235/Hour$255/Hour$273/Hour 5 Hrs/Month$130/Hour$134/Hour$137/Hour 10 Hrs/Month$117/Hour$119/Hour$120/Hour 15 Members$88/Month$102/Month$113/Month 1Hr/Month$191/Hour$205/Hour$216/Month 5 Hrs/Month$121/Hour$124/Hour$126/Hour 10 Hrs/Month$112/Hour$114/Hour$115/Hour 20 Members$67/Month$76/Month$85/Month 1 Hr/Month$170/Hour$179/Hour$188/Hour 5 Hrs/Month$117/Hour$119/Hour$120/Hour 10 Hrs/Month$110/Hour$111/Hour$112/Hour

Reality Healthy number of aircraft utilization in hours/year Who’s going to do…. Maintenance Scheduling (Online Sources) Checkouts/Currency Requirements Etc. Unexpected Costs Repair bills (if we can’t pay = problems) Initiation Fee ($50-150) Time commitment

Reality First group of people will be part of the initial operation Expect some issues Availability issues on days of great weather after bad weather days Will try for 20 people per aircraft Risks Cease of activities all together May be early cancelation fee

Freedom to… Trips to the Twin Cities with friends Other destinations $100 Burger trips Flying with groups of friends Weekend trips (will have hourly requirements) Recreational flying

Questions/Comments UND Flying Club