Thoroughbred Flying Club does that!
In Thoroughbred Flying Club you will share experiences with other members and have the opportunity mentor young people in aviation.
Come Join the Thoroughbred Flying Club and get excited about where that mile of runway can take you!
2007 Cirrus SR22
Flight Club 502 is a non-profit organization based in Louisville that is dedicated to teaching young people to fly. The club was established in 2015 by eight girls to inspire kids to learn about aviation. The club now has over 60 members.
We will gather together for regular social activities around flying!
Fly In Breakfast, Airplane Wash Days and Cookouts, Aviation Forums, and many more!
Reignite your Passion for Aviation!
We are organized as a 501c7 nonprofit equity share Flying Club. We are all shared owners of these airplanes whether they are leased or owned by the club itself and Everyone should treat these airplanes like they are yours – because they are. We are all pilots – your membership is a family membership and includes spouses and children under 25 that are pilots.
We will run our club using sound financial principles so the club cannot just survive but thrive. As with any asset you have fixed annual cost of owning an airplane. We will cover these fixed annual costs, including Insurance, in the monthly dues before a wheel turns so that the per hour use rate can stay reasonable. We have included putting money away so we are able to keep the airplanes we have up to date and so that our club can upgrade and grow in the future. We have set the hourly rates to cover all the variable cost of running the airplanes. So there will be No surprise assessments for engine overhauls or other items.
We cover your insurance.
Your monthly Dues pay the fixed cost of owning the airplane and the operation of the club.
Hourly Usage Fee covers the variable cost of operating the airplane and is on Tach or Flight hours.
Your Share price provides capital for the club and is generally refundable within 30 days after resigning from the club but theoretically could require the liquidation of assets to repay.
We have openings in both the Basic, Basic Plus and Advanced levels of the Club.
The Basic Level of the Club is for Private Pilots and above has a 1986 C172P upgraded to 180hp and upgraded Avionics.
The Basic Plus is also for Private Pilots and above and includes the C172 and a 1975 C182 also with upgraded Avionics. The C182 requires 5 hours in Make and Model.
The Advanced Level includes all airplanes plus a 2005 Cirrus SR22 and a 2007 Cirrus SR22 both with upgraded Avionics. The Cirrus SR22 Requires a Private Pilot with and Instrument Rating, 250 Total Time and 10 hours in Make and Model.
All memberships include all the pilots in the family including children up to age 25.
You can start at the Basic Level and upgrade to the Advanced Level at any time, all that you have to do is pay the difference in Share Fee and Monthly Dues once you are checked out.
To insure availability we limited memberships to 10 per airplane on the Basic Level or the Basic Plus Level and 8 on the Advanced Level.
Please fill out the Membership application, a copy of your Drivers License, Pilot’s Certificates and Medical then arrange to meet one of the Board Members or you can mail it with a Check payable to Thoroughbred Flying Club for the $500 Joining Fee plus the Basic Level Share Fee of $1000 or Advanced Level Share Fee of $3000
Thoroughbred Flying Club
10629 Gleneagle Pl.
Louisville, KY 40223
Remember your Share Fee is returned to you minus anything you owe the club if you decide to leave.
Monthly Dues are not due until after you get checked out! The Basic Level is $175 per month for the C172 will be $50 per Tach Hour Dry. The Basic Plus Level includes the C182 and C172 for $200 and the C182 is $70 per Tach Hour Dry. The Advanced Level is $400 per month and the Cirrus' are $90 per hour.
Feel free to share this with others you think would be interested and a good member in the Club. The more members we have the faster we can grow!
We strive to make everything as easy and paperless as possible so All scheduling and billing are done with Flight Schedule Pro. Monthly dues and hourly fees are paid via a debit or credit card that is encrypted and securely stored on Flight Schedule Pro.
You will get a sign in for the online scheduling system once we receive and approve your application.
There is a $500 nonrefundable Joining fee and then:
Basic Level is $1000 Share Fee Plus $175 per month.
C-172 is $50 per Tach hour dry.
Basic Plus is the same $1000 Share fee but $200 per Month
Includes the C182 and C172
C182 is $70 per Tach Hour Dry
Advanced Level is $3000 Share Fee plus $400 per month
Includes All the Airplanes
Cirrus SR22 is $90 per Flight hour dry.
The Share Fee is held in Escrow and returned minus anything owed the club if you leave.
We are looking for those who may be interested in a leaseback opportunity with the Thoroughbred Flying Club. We can show you how it can be very advantageous to leaseback your airplane with us.