As soon as you start your first lesson towards a private pilot license, it is a safe bet to say that you are thinking about owning your own plane (it might have been long before then). As they say, you’re never really “not owning” an airplane, you’re simply in-between airplanes. At the same time, ownership (just like everything else in aviation) can be very expensive.
One thing many pilots do in order to reduce the cost of flying is to join forces with other fellow pilots. This is known as a partnership or a flying club, and it’s the road I decided to go about a year ago. This post is about the process I went through while joining my (first) partnership, as well as some of the financial rationalizations (or the impression thereof).