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OpenAirplane Shakes Up Aircraft Ownership

LAKELAND, FL. April 3, 2014 – OpenAirplane announced a new service which helps aircraft owners join the sharing economy. "Collaborative Aircraft Rental, is a new twist on aircraft ownership in private aviation. OpenAirplane now makes it simple and affordable for owners to make their privately owned airplanes available to be rented by well qualified pilots everywhere.

"Someplace between sole ownership, and leasing the airplane back, is a happy place where you can occasionally rent your airplane to well qualified pilots," explained Rod Rakic, co-founder of OpenAirplane, "Putting your airplane to work when you're not flying it, makes sense for many owners."

Along with supporting OpenAirplane Pilots with personal and CFI non-owned insurance products (available for single, multi-engine and piston rotorcraft) Starr Aviation created an innovative new kind of insurance policy which offers coverage for aircraft owners who want to make their aircraft available exclusively to pilots using OpenAirplane.

“OpenAirplane is shaking up the way people think about aircraft rental in a good way. By establishing a sensible universal checkout and annual training requirements we are pleased to support the OpenAirplane initiative to broaden the rental base while maintaining a high level of safety," explained Jim Anderson, Senior Vice President at Starr Aviation, a member of Starr Companies.

Owners can inquire about getting their aircraft insured for rental by OpenAirplane pilots through their aviation insurance specialist, or they can contact Starr Aviation to find a broker.

Aircraft owners can learn more about the program and get in touch with OpenAirplane online at

http://owners.OpenAirplane.com

The OpenAirplane network has grown to 52 locations across the U.S. offering over 180 aircraft for rent. Over 6,000 pilots have signed up to fly with OpenAirplane since the service launched in June of 2013.

The OpenAirplane Universal Pilot Checkout allows FBOs around the country to easily verify a Pilot's qualifications and training in each make and model aircraft. Pilots gain access to planes around the U.S. without the usual hassle and expense of performing local checkouts before they rent airplanes. Broadly recognized by the insurance industry, Pilots who participate in the OpenAirplane standardization / evaluation program earn discounts on their renter’s insurance premiums.

A map of the OpenAirplane network is online here:

http://pilots.OpenAirplane.com/#locations

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