SPEED Features
Safety ~ The SPEED is a low wing aircraft (wing area: 12.62 sqm) with a higher wing loading than the GR-912. The aircraft has the same ultra strong welded steel pilot protection frame coated with our latest zinc Epoxy protection system which has a twenty year conditional guarantee.
The Hughes Group of Companies have found over the past twenty years, in Australian Aviation, our welded steel frame offers the best possible protection to our pilots and passengers. Although damage may occur to some aircraft, with over 160 of our aircraft manufactured in Australia, we usually carry out only one major repair approximately every two years.
Homebuilding Supplies
The Hughes Group of Companies are here to help you with all your home building requirements, be it parts, advice or information. Feel free to call or email Howie or one of the team during work hours.
Syndication
So, what's a syndicate?
In a nutshell,
• A group syndicate means the SP-2000 aircraft is owned by a group of two or more pilots.
• There are as many ways of achieving this as colours in the rainbow but in general, lets say, your aircraft is owned by four or more pilots. This means four people have use of the aircraft. The purchase price of the aircraft is accordingly reduced to a quarter, likewise the costs of insurance and maintenance.
Make sense? Read on….
Does the idea of syndicate ownership suit you?
The aircraft price and maintenance is shared amongst members. Rent your aircraft out to aero clubs and make money and get yourself into the sky!
A flying syndicate group is the ultimate convenience; not to mention the most cost-effective way of owning an aircraft.
Your syndication could be a group of three or four people who purchase your SPEED aircraft and then rent the aircraft out at $50 per hour. Thereby paying off the aircraft and putting money into the kitty for maintenance OR rent your aircraft back to local aero clubs and make a profit on your aircraft.
Fractionally owning an Australian LightWing SP-2000 Aircraft
Most people these days are too busy for all the cleaning, servicing and managing that a Light Sport Aircraft requires. That is why flying syndicate members enjoy sharing the advantages and responsibilities of being part of a flying syndicate.
Choosing the right structure for your syndicate is an important decision and will influence the way in which the syndicate operates in years to come.
There are two main types of syndicate structure to choose from:
Option 1 – A Partnership. A partnership allows each member to buy shares in an Australian LightWing aircraft and then use that asset proportionate to their share value. This is very often the simplest route and is common if the share costs are relatively low.
Option 2 – A Company. The second option is to set up a company. The way in which a syndicate operates under a company will not differ much to that of a partnership, however, the main difference with a company is when you pay for your share, you are not buying a share in the asset but a share in the company, which will own the asset.
If the idea of flying your own Light Sport Aircraft in a flying syndicate contact us right NOW!
The Australian LightWing SPEED Range of Aircraft
To cover Australia’s vast distances affordably and comfortably, the Australian LightWing SPEED Range has been developed specificially for the flying enthusiast who expects superlative quality, excellence in engineering design and the ultimate in safety and efficiency.
With a quarter century of design, production and flying experience in the Australian aviation industry, The Hughes Group proudly presents the Australian LightWing SPEED Range of light two and four
Please call or email today for a price list on the Australian LightWing SPEED Range of 2 and 4 Seat Kit or Factory Built aircraft.