How do you list the value of a shared airplane ownership?

Owners use a balance sheet to show an organization’s financial position at a specific date. It helps to summarize an organization’s value. The balance sheet presents a listing of assets, liabilities and owner’s equity. It’s called a balance sheet because assets equal liabilities plus owner equity. The numbers must balance. Continue reading “How do you list the value of a shared airplane ownership?”

What are the 5 top questions Cirrus owners ask about CAPS overhaul

I recently spoke with the owner of Houston Aviation Center, in Sugar Land, TX (KSGR). They’ve been a Cirrus Authorized Service Center for many years and now they’re also a Certified Cirrus Airframe Parachute System (CAPS) Overhaul Center. They began parachute replacement service in August of 2015.

Here are answers to the 5 top questions Cirrus owners ask in their preparation for scheduling a CAPS overhaul. Continue reading “What are the 5 top questions Cirrus owners ask about CAPS overhaul”