June 26, 2009
By Alton K. Marsh
As airplane manufacturers look for customers, customers are searching for a way to make their airplane ownership dream come true. Both are often thwarted by the poor economy, but American Legend Aircraft thinks it has a solution through joint ownership.
The program promises that a Legend Cub can be purchased for $2,900 down and flown for $28 per hour. It is managed through the LetsFly Cooperative Ownership Program. You’ll end up with a one-quarter share of a Legend Cub and a monthly payment of $365 to $430, company officials claim.
The Legend Cub, built in Texas, is one of the top-selling light sport aircraft, and is a full-size lookalike to the famous Piper Cub.
AOPA Pilot Senior Editor Alton Marsh has been a pilot since 1970 and has an airline transport pilot certificate and instrument and multiengine flight instructor certificates, aerobatic training, and a commercial seaplane certificate.
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