Capitol City Flyers is organized as a not-for-profit corporation. Member pilots own equity shares of the corporation. Currently shares are limited to 30 pilots. Each member pilot pays monthly dues towards corporate fixed expenses and hourly usage fees for aircraft time used. Monthly dues range from $220 to $170 per month, depending on if you earn the $50 flying credit for flying at least an hour during the month.
Prospective shareholders must be certificated private pilots or advanced primary students (solo, with more than 25 hours in the last 6 months). Additional insurance, currency and financial requirements must be met. There are also security requirements to operate out of Dane County Regional Airport. New pilots to MSN must take a security seminar and obtain an access badge.
Since the number of shareholders is limited, a prospective shareholder must purchase a share of the corporation from an existing owner that desires to sell his/her share or directly from the corporation, when there are less than 30 current shareholders. Shares trade at prices agreed between the seller and buyer. The corporation enjoys a strong asset position due to its long and stable history.
Contact us if you are interested in sharing the pride, benefits and expense of aircraft ownership with 30 like-minded pilot owners.
CCF has introduced a Social Membership level. Be a member of the club, participate in all social activities, join on flying events when space is available. Social Members are not permitted to fly the corporation's aircraft or act as PIC. This is a great way to get to know the club before you buy in, as well as meet members who may be selling their shares.
To receive a Membership Application, contact the Board of Directors at info@capcityflyers.com