Parking your airplane in a shared FBO Airport hangar is an affordable option. Which one suits you depends on your budget and your risk tolerance.

Renting a hangar offers a variety of choices. Renting hangar space leaves your airplane subject to the control of someone else. No one will care for your property as you do. Renting is cheaper but carries its risks. You don’t have the hassles of maintaining a building or purchasing liability insurance. Renting allows you to park the plane and go. The cost of owning a hangar could be more trouble than it’s worth. You also have the hassle of selling the hangar should you move or decide to house it elsewhere. A fire or disaster to the hangar causing damage to client’s planes puts you on the hook. Hangar owners choosing to rent out space need to pay for liability insurance. Beyond the cost of purchase is the cost of building maintenance. Buying a hangar is an expensive investment. Liability, the overlooked and underestimated part of owning anything. You won’t need to concern yourself with a lack of space due to capacity limits. Do you use the plane for business, pleasure, or both? How often do you fly? What does your budget allow?īuying often looks like an attractive option. The choice between renting or buying a hangar depends on your unique circumstances. Keep reading to find answers to these questions.

But, where do you begin? What should you look for when renting a hangar? Or, should you buy a hangar? Do private planes rent hangar space? But now you have a new set of responsibilities, including parking the plane when you’re not flying. After years of renting or chartering planes, you decided owning a plane was the way to go. You love the freedom of flying, so you thought you’d buy a plane. You ascend to a cruising altitude of tranquil blue skies. It’s full-throttle down the runaway until your airborne. Air traffic control gives you the go-ahead. You know the feeling of anticipation as you taxi for takeoff. Soaring above the clouds, there’s nothing like it.

Detroit city airport hangar rental