A and E Flying Club of Los Angeles

Aircraft usage fees. The primary purpose of the flying club to provide for shared ownership and use of club aircraft and for flight and maintenance training. Aircraft usage fees provide for the direct use of the club owned four aircraft. The club has a total of 50 active members authorized to fly those club aircraft. Expenses are incurred for fuel oil consumables parts property tax and maintenance of aircraft. Any net income is saved for periodic and scheduled maintenance engine replacement replace of life limited parts and to cover wear and tear not associated scheduled and required aircraft maintenance.