BOEING EMPLOYEES FLYING CLUB ST. LOUIS BEFCSTL

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BOEING EMPLOYEES FLYING CLUB ST. LOUISBEFC-STL

• FORMATION MEETING
• 6 APRIL 2005
• BUILDING 33 CAFÉ
• 400 - 600 PM

www.heilmannpub.com/BEFCSTL
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AGENDA

• Introduction
• Purpose of the Flying Club
• Why a Flying Club in St. Louis?
• Why a Boeing Flying Club?
• Benefits of a Flying Club vs. Owning vs. Renting
• Status of the Club - BEFC-STL
• Membership in Club
• Summary of Costs
• Club Aircraft
• Base Location of BEFC-STL Aircraft
• Highlights of By-Laws
• Highlights of Rules of Operation
• Next Actions for Club Formation

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Introduction

• Welcome and Thank You for your interest in the
  Boeing Employees Flying Club St. Louis!
• Charter organizers
• Alex Baldwin Club Coordinator
• Allen Sebaugh Coordinator Nudger
• Ernie Wattam Coordinator Nudger
• John Heilmann Web site Provider/Master

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Purpose of the Flying Club

• A non-profit corporation for charitable education
  and to foster, promote, engage in and conduct all
  phases of safe flying related activities.
• Oh, whose kidding.provide a means of cheap
  flying and camaraderie between fellow pilots at
  Boeing!

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Why a Flying Club in St. Louis?

• Why not! Seattle (Renton), Mesa, Wichita,
  Philadelphia, and Chicago all have one!
• McDonnell used to have one..
• Many attempts have been made in the past, but
  failed.
• Too many benefits for the employees and the
  company not to have one.

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Why a Boeing Flying Club

• Benefits of being a Boeing Club
• Boeing Recreation insurance covers club except
  for flying activity. (Club will purchase aircraft
  hull and liability insurance.)
• Membership potential is large
• More available aircraft.
• Large costs risks are minimized
• Boeings Learning Together Program assists you in
  obtaining your certificate
• Provides financial assistance for Private
  Certificate 500.00 for solo, additional
  1000.00 upon receiving certificate.
• VIP classes are provided for private and
  instrument ground school or can be taken from an
  accredited institution.

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Benefits of a Flying Club vs. Owning vs. Renting

• Flying Club is
• Cheaper than owning or renting since costs are
  shared.
• Better on the aircraft since owned airplanes sit
  on the ground more than they are in the air.
• Better than renting since there is no minimum
  cost to take aircraft cross country and
  overnight.
• Better than renting since aircraft are not
  abused.
• Better than owning since it provides access to
  multiple aircraft and multiple aircraft types.
• Flying Club provides support in obtaining your
  pilot certificates
• Reduced financial burden
• Access to dedicated instructors
• Moral support and encouragement from a fellow
  group of pilots

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Status of Club - BEFC-STL

• Club has been approved to form by Boeing Legal
  and Recreation based on the draft By-laws and
  Rules of Operation.
• Club must comply with Company Policies
• Specifically PRO-99 which says.limited e-mail
  use between recreation administration and the
  officers of the club, and between officers of the
  club. Communication to the club members may be
  done on the club web site.
• Club has to have its own web site (in accordance
  with company policy) outside of the Boeing
  firewall to accommodate other approved members
  that are not full time employees (ie. dependents
  and retirees).

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Membership In Club

• Membership includes
• Participating Member
• Associate Member
• Guest Member
• Service Member

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Membership In Club

• Participating Member
• Owns an interest in the clubs property
  holdings by share purchase and is open to Boeing
  employees and retirees, Government, Customer, and
  Vendor personnel assigned full time to The Boeing
  Company who have a permanent Boeing badge, and
  CFIs approved by the Board to instruct for the
  club. The only member that has voting rights in
  club business.

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Membership In Club

• Associate Member
• Includes immediate family members (spouse,
  dependent children that are IRS dependents of the
  participating member) and former employees.
  Cannot sponsor an immediate family member for
  associate membership. Contributes an amount
  equal to the cost of a share but does not own an
  interest in the club nor has voting rights.
  Cannot hold office.

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Membership In Club

• Guest Member
• Individuals whose membership would support and
  benefit activities of the club. Contributes an
  amount equal to the cost of a share but does not
  own an interest in the club nor has voting
  rights.
• Examples Employees of BEFC-STL Suppliers, FAA
  Employees, Aviation Experts, or Aviation
  Meteorologists, and those with professional
  skills of value to the club.

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Membership In Club

• Service Member
• Individuals engaged by the club to provide
  services to BEFC-STL. They may or may not be
  compensated. Flying privileges are granted for
  task which they are engaged. Shall not own an
  interest in the club. Shall not have voting
  rights, and shall not pay fees, dues, nor
  insurance.

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Summary of Costs

• BEFC-STL will be financially self supporting.
• Possibility of small funds from Boeing Recreation
• Membership Shares - 500.00
• Membership Monthly Dues - 70.00
• Aircraft Hourly Cost (Hobbs Meter, wet and
  includes maintenance, engine, and avionics fund)
• 45 for C172
• 66 for C182
• Note Aircraft Hourly Cost will be set once the
  aircraft is procured
• and all costs are identified.
• Assessments as deemed necessary by the Board

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Cost and Fee Spreadsheet
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Summary of Costs

• Cost of Private Certificate
• 60 hours for average pilot certificate
• 40 hours dual
• 20 hours solo
• Cost through FBO
• 6800 1500 5300
• Cost with BEFC-STL
• 5240 - 1500 3740
• THATS A 30 SAVINGS!!!!!!!!

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Summary of Costs

• Termination of club membership, voluntarily or
  not, entitles the member to their membership
  share price minus all debt owed the flying club.
• Refunds will be disbursed in order received when
  the treasury has enough funds to cover the
  disbursement.

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Club Aircraft

• Maintain 1 airplane for every 15 members.
• Maximum 1 airplane for 30 members.
• Club expects to start with IFR equipped
• Cessna 172
• Cessna 182

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Base Location of BEFC-STL Aircraft

• The charter organizers feel that Creve Coeur
  provides the best accessibility to serve the
  general membership.
• SMARTT and SPIRIT are also under consideration.
• The club members will vote on where the club
  aircraft will be based.

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Highlights of By-Laws

• Only Participating Members shall own an interest
  in the Clubs property and have the right to vote
  on club business.
• Prior to being accepted into membership,
  individuals will sign a release from liability
  and indemnity agreement for the benefit of The
  Boeing Company.
• There shall be a Board of Directors and a Safety
  Board. Terms are for two (2) years.
• Conflict of interest. No member with COI with
  respect to the management of, or operation of,
  BEFC-STL shall serve as a BEFC-STL officer.

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Highlights of By-Laws

• Club shall procure and own property holdings as
  approved by 2/3 majority of whole board.
• Property holdings purchased by the Club with Club
  funds shall be considered Club property and not
  the property of any individual member nor group
  of members.
• In the event of damage to club property
• When damage occurs that is not caused by an
  aircraft, equipment, or engine malfunction, cost
  of the repairs up to the maximum deductible
  amount shall be borne by the member at fault.
  The balance shall be assessed equally upon all
  members or taken from the treasury.
• When damage is a result of aircraft, equipment,
  or engine malfunction, repair costs shall be
  borne entirely by assessment or taken from the
  treasury.

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Highlights of Rules of Operation

• The Rules are intended to ensure safe and fair
  use of Club resources. These rules protect and
  serve the interest of the majority, satisfy
  insurance requirements, and keep the club
  financially sound.
• Members will indemnify BEFC-STL for any legal
  costs, fines, etc. that arise due to a members
  action or failure to act. BEFC-STL will not be
  responsible for defending or indemnifying members
  for any actions they take or fail to take while
  operating BEFC-STL aircraft or equipment.

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Highlights of Rules of Operation

• Member flying privileges are dependent on
• Members fulfilling all financial obligations,
• Meet all requirements prescribed by the FAA
  Regulations with respect to ratings held
• Medical certificates are current
• Payment for flight instruction is the personal
  responsibility of the member and not billed
  through the club. The club does not set
  instructor fees. Instructor must be Club
  approved.
• Commercial operations are prohibited.

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Highlights of Rules of Operation

• All members must meet requirements of applicable
  Club and FAA check rides.
• Club check rides may be conducted only by Club
  authorized instructors.
• All members who are rated pilots must have a make
  and model check-ride in each model with a Club
  CFI.

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Highlights of Rules of Operation

• Must make scheduled reservations prior to
  operating Club aircraft. (Up to 14 days in
  advance)
• Member must complete flight time record upon
  return for billing purposes
• Cross Country Flying
• Reservations can be made up to 60 days in
  advance.
• A trip itinerary must be submitted to the Safety
  Officer for approval for all reservations greater
  that 24 hours.
• A member shall not have scheduled more than 2
  reservations greater that 24 hours on the books
  any one time

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Highlights of Rules of Operation

• Only Club Officers shall contact maintenance
  personnel to effect repairs on the Club aircraft
  for repairs in excess of 50.

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Next Actions for Club Formation

• Nominate and Vote on Board Members
• President, Vice President, Secretary, Treasurer,
  Operations Officer, and Safety Officer
• Wednesday, 20 April 2005, B33 Cafe
• Incorporate In the State of Missouri
• Open an account at a financial institution
• Collect money for membership application fee,
  shares, and monthly dues
• Locate and purchase aircraft
• Secure financing
• Secure insurance
• START FLYING AND ENJOY CLUB BENEFITS!!!!!