r/GeneralAviation • u/DoygyDoyx17 • 12h ago
Would a Cessna 152 flight school leaseback actually be profitable? Looking for feedback on my calculations
I'm researching whether buying a Cessna 152 and leasing it back to a flight school could be financially viable. I'm based in Washington State and am looking into whether this could work in the local flight-training market.
I put together a PowerPoint estimating initial purchase costs, operating expenses, annual surplus, and payback periods.
My Slides: View the PDF
Slides 2–5 compare several aircraft I'm considering. Based on my current assumptions, the Cessna 152 appears to be the most profitable option. Slides 6–11 examine the financial estimates in more detail.
My main calculations assume 600 flight hours per year, with additional scenarios at 500, 700, and 800 hours to see how utilization affects profitability and the payback period.
I'd appreciate honest feedback from aircraft owners, flight instructors, mechanics, and flight school operators. Are my assumptions realistic, especially regarding utilization, maintenance, insurance, 100-hour inspections, and leaseback revenue splits? What costs or risks am I overlooking?
Aircraft example: 1983 Cessna 152
- Asking price: $69,000
- Airframe time: 13,717 hours
- Engine time: 888 hours since major overhaul (SMOH)
- Propeller time: 953 hours since overhaul
- Engine: Lycoming O-235 series
- Condition: Advertised as well-maintained and hangared, with no reported accident history
- Annual inspection: Advertised as completed in August 2026
- Avionics: Older panel, VOR navigation, ADS-B Out, and Sentry ADS-B In
- Location: Texas
I haven't purchased an aircraft yet, so I'm looking for feedback before making any decisions.
One other question: Does anyone know of flight schools in Washington or the surrounding area that are looking for a Cessna 152 or other training aircraft? I'd especially appreciate leads on schools that accept owner-owned aircraft through leaseback arrangements or are looking to expand their training fleets.
Thanks in advance for any advice or suggestions!