Central Oklahoma Aviators Flying

“Usage fees and upgrades 30,955 cc surcharge 2,041 late fees 1,717 cleaning fee 150 total 34,863”

“Expenses interest paid 14,803 director/officer insurance 1,167 insurance 11,199 bank charges 3,515 computer/software expense 1,018 dues and subscriptions 50 fuel expense 42 avaiation database 669 hangar supplies 365 repairs and maintenance 22,259 non-investment depreciation 17,029 total 72,116”

“Airplanes 147,825 147,825 less accumulated depreciation 112,488 129,517 total 35,337 18,308”

“Mortgage and other notes payable 46,801 9,353”

“The club will provide affordable, clean, well-maintained aircraft for the club members' use. As safety is a priority, all maintenance concerns will be addressed immediately.”

“The coa flying club has purchased 2 airplanes and is an equity based club of 20 members. The members have to a minimum hold a private pilots certificate and are able to fly both airplanes. Coa collects fees from the members for the hourly usage of the airplanes which is applied towards operating and maintenance costs. The members also pay a yearly due for operating and maintenance costs and assessments if needed. The airplanes are not for hire and you have to be a member to fly the airplanes.”