In 1999, six pilots got together to buy a Cherokee six (hence the name). They formed Six4asix, Inc., bought the Cherokee Six and the First flight was in March of 1999.
Six4aSix is based out of Fort Worth Meacham Airport.
The club's bylaws allow for 6 members for the first plane and up to 10 additional members for each additional plane. At one time the club had 3 planes. However a decision was made in 2005 to become a 2 aircraft club and to reduce the number of available shares to 14. Our current intention is to stay a 2-plane club with a pilot-to-plane ration of no more than 7:1.
Owning of a share in Six4aSix, Inc. makes you a part owner of our planes. Your responsibility starts with timely payment of your monthly dues and for your flying time each month. The obligation to pay the monthly dues continues as long as you own the share. To stop this obligation you must sell the share to another person approved by the club, specifically, by two-thirds of the members in “good standing” (those that are current on their dues).
As a part owner, you share in the responsibility of taking care of the planes. This means participating in the decision-making process of the club and the maintenance of the planes. We ask that each member attend meetings (whenever possible) and participate in the discussions before decisions are made. We expect each member to assist with maintenance by doing his or her part in keeping the planes clean, quickly reporting any squawks, and helping with routine maintenance. We believe that one of the best aspects of being in a club is the opportunity to socialize with fellow members and, in the process, learn more about the aircraft we enjoy flying.
If you simply want to fly the planes and have no say or involvement in the joys (and trials) of ownership, then we suggest that you simply consider renting from your local FBO.
The monthly dues and hourly costs are set by the Club's Board of Directors (BOD) and dues are adjusted from time to time by the BOD, to accurately reflect current costs and to build adequate reserves for engine and prop maintenance and overhaul on our aircraft. Since October 2005, the Club's dues have remained steady at $320 per month. Hourly costs are currently set at $60 per hour (tach time) on either plane. These numbers are fairly stable, but can be changed (up or down), if needed.
The monthly dues are designed to cover the fixed expenses. These include hangar rent, insurance, payments on the aircraft notes, online scheduler fees, GPS updates, and $1,000/year towards the annual for each plane. This number is divided by the number of members. A change in the number of paying members (“members in good standing”) could cause this monthly fee to increase or decrease, especially if the condition persisted longer than a short period of time.
The hourly rates are designed to cover the maintenance costs of the planes and the cost of the engine/prop overhaul. Both the monthly dues and the hourly rates are set by the Board of Directors. The Board of Directors has adopted a policy of reviewing the rates at least twice per year and will make adjustments (upwards or downwards), as required, to meet the above-stated goals. Also, since all the board members serve without pay, no part of your monthly dues benefits an individual.
Each member is responsible for their own fuel costs, and for returning the aircraft to the hangar with a set amount of fuel in the tanks (the tanks are filled to the tabs, giving each plane about 4 hours range on a standard fuel load).
It is your responsibility to market and sell your share, for what the market will bear, just like you would with shares of stock in any corporation. Sometimes there is a waiting list of interested prospect that the club will provide to you. However, until you sell your share (or surrender it to the club – if agreed to by the Club), you must continue to pay the monthly dues.
The Club (Six4aSix, Inc.) has no obligation to buy back a share. This is similar to any joint-ownership agreement. In most of those, your fellow owners would not be forced to buy out your interest in a jointly-owned plane or to pay your share of the expenses. On occasion, the Club has bought back shares. However, this was done at a time when it was also in the club’s best interest to take this action.
No current plans to do so. But that is always a possibility if the members voted to do so pursuant to the bylaws.
Six4aSix uses Aircraftclubs.com to provide internet-based scheduling. This scheduler allows you to make active reservations and even make a “backup” reservation in the event another member’s active reservation is cancelled. Each member is expected to comply with the club's scheduling guidelines. Apply for membership and we'll send you a guest link to the scheduler, so you can see what aircraft availability looks like!
Yes, we have a policy purchased through AOPA Insurance Agency and issued by Starr Indemnity & Liability Company. A copy is available upon request. The policy insures the club and its members from liability for accidents. The same policy also provides hull coverage to repair the planes in the event of an accident. This does not mean that you are prevented from obtaining some type of supplemental insurance if you feel that is appropriate in your case.
Normally, “no”. The policy will pay for the damage to the plane in most cases. If the accident is caused by your error, then you will be responsible to the club for the deductible (currently $1000 for an “in motion” accident). However, please note that the policy provides coverage ONLY to members that meet the insurance company’s minimum requirements. These include having a valid license, a current medical, a current BFR, and meeting the currency and checkout requirements in each model of plane. If you fly without a medical, with an out-of-date BFR, or without meeting the currency requirements, the carrier could deny coverage. In that event, you would be personally liable to the club for the damage to the plane. The same could happen if you let a non-member fly the plane (even if that person is a qualified pilot).
Certainly! And we don't charge overnight or minimum usage fees, like an FBO would. We do expect members to comply with the club's liberal scheduling guidelines, though.