LONDON, June 28, 2013 /PRNewswire/ --
Today there are very few opportunities to have any involvement with the Spitfire, let alone the chance to become an owner and custodian of one. However, Boultbee Flight Academy is now offering the possibility to purchase a 1/10th share in an original Supermarine Spitfire in flying condition. In addition to this, as the only accredited Spitfire training academy in the world, the Boultbee Flight Academy is uniquely positioned to provide training that will allow the new owners to fly this iconic machine themselves.
"This initiative is the answer to a question I'd been asked by a number of students on completion of the Introduction Course we run. Having been truly engaged by both the professionalism and experience of our instructors and of course the aircraft during said training, they wanted a continued involvement with the Academy but needed a goal. While the full Spitfire conversion course sparked an interest, it wasn't quite enough. They wanted the ultimate - to fly a single seat Spitfire themselves, an option that only really exists to individual owners or their trusted pilots. The result therefore was this syndicate concept. This both fulfils their requirement and fits our company aim to make the Spitfire as accessible as possible." - Matt Jones, Managing Director of the Boultbee Flight Academy.
With some of the finest military, ex-military and civilian instructors in the world including two previous Officers Commanding the RAF Battle of Britain Memorial Flight, the RAF Eurofighter Typhoon test pilot and ex Red Arrows to name just a few, the new owners will have access to an unparalleled level of flight training expertise, learning on one of the Academy's two seat Spitfire TR9s. Once the basics of the Spitfire have been mastered owners can complete further training which will allow them to display at their own private events or even air shows. Syndicate members will need to hold a current Private Pilots Licence (PPL) if they wish to undertake training towards flying the Spitfire; however, this training can be undertaken at the Academy. The aircraft will be based at Goodwood Aerodrome, West Sussex, formerly RAF Westhampnett, a Hurricane and Spitfire base during the Battle of Britain and WW2.
Each share will cost in the region of £250k and be available for purchase by both Pilots and non-Pilots. The aircraft is classified as a wasting asset thus avoiding capital gains tax.
SOURCE Boultbee Flight Academy