Why I both love and hate owning a flight school
I have now owned a flight school for 14 years and I thought it was time I put a few thoughts down to help future owners of flight schools – as well as flight school instructors and students – understand what it’s really like. I’m not going to water it down. I’ll be as transparent as I can be and share both what I love about owning a flight school and what I absolutely hate about it.
A Bit of Background
I purchased a small recreational flight school with vendor finance 14 years ago, changed the name, and then went on to start another two flight schools to complement the first one. Over the last 14 years, I’ve owned and operated up to three flight schools at a time in NSW and QLD; later on taken over the management rights of two others; and also offered general aviation training. Now I own just one successful school based on the Sunshine Coast, Australia.
The Harsh Realities of the Business
On paper, owning a flight school does not make much sense. If you strip away the passion and just look at the basic business principles, it really doesn’t add up. This is one of the reasons why I sometimes hate owning a flight school. Let’s start here:
- Aircraft: You need at least one, preferably two, training aircraft. You can lease or cross-hire (hourly lease) from another owner, but unless you truly trust them and have a great relationship, this puts your business at risk, as they could end the arrangement at any time. Therefore ownership makes more sense. But ownership also has its own downsides – especially if you have a loan on the aircraft.
- Capital Costs: Buying a recreational aircraft is expensive, costing at least $200,000 for a used one and closer to $300,000 for a new one. It depreciates as soon as you start flying it and costs about $15,000 a year for insurance even before you add maintenance and other costs.
- Weather: Around 90% of flight schools only operate in the daytime when the weather is good (no rain, no cloud, and not too much wind). The reality is, up to 30% of the time you are open, you won’t be able to fly due to weather. And worse, you can see how much revenue you’ve lost because students book in weeks ahead, before the forecast is known.
- Staffing: Unlike a café where you can replace staff quickly, a flight school relies on highly trained, specialised instructors. They not only have to be good pilots but also good teachers and customer-focused professionals. Even if you find great instructors, most (around 70%) eventually want to move to the airlines. You simply can’t compete with the $150k+ salary and prestige that airlines offer.
- Maintenance: Aircraft maintenance is costly and unavoidable. Every 100 hours of flight requires a service, which will cost between $2,000–$5,000, depending on what problems are found. Every 10 years or so you’ll need to refurbish or replace the aircraft, which costs $60,000–$200,000. Engines in flight schools need replacing every 2,000 hours at around $40,000 each. You have to put away money towards that maintenance and in addition, you have to put away money in the dry season to get through the wet season when you still have fixed costs.
- Fixed costs: In addition, there are fixed costs such as the office and hangar lease, phone and internet and admin staff.
- Risk with students: Students will take their first solo flight after about 15-17 hours of training, which means you’re trusting someone with little experience, to fly your $300,000 asset on their own.
- Accidents and Incidents: You must be mentally prepared for this. To think you can own and operate a flight school and never have an incident is delusional. You must mitigate as much risk as possible with first-class training and well-maintained aircraft. But incidents and accidents will happen, the majority being minor. You might have a student or private hirer do a hard landing and damage an undercarriage leg or prop. In my 14 years of running schools, we’ve had two engine failures and four hard landings. Both the engine failures were successful off-field landings, thanks to good training, with no damage to the aircraft or occupants. Across 46,000 hours of flight training, that’s about one engine failure every 23,000 hours. The industry standard is one every 15,000 hours, so that’s still a solid record. But you must plan for the worst and accept this may happen. The worst-case scenario is that someone could be seriously injured or worse. That reality sits in the back of my mind constantly, and not everyone can acknowledge or handle that potential risk.
- Hard to sell: Flight schools are difficult to sell. Investors generally don’t want them because of the high risk, capital costs, and variables. The only interested buyers tend to be instructors, but very few instructors have $1.5 million sitting around to buy a business like mine. More often, they’ll just buy a plane and start their own small school, on a shoestring, like I did.
I once owned three schools at the same time. A business mentor looked at my finances and advised me to close my two weakest schools and focus on the best one. Thankfully, I listened. I now make about 80% of what I did when I had three schools but with 80% less stress and running around. More schools meant more complexity, higher fixed costs, and less profit.
That is the depressing reality. It also explains why, after 14 years of owning flight schools, I’m not now retired on my own private island in Fiji.
What I love about owning a flight school
But here’s the flip side, why I still love it.
- Helping people achieve dreams: Being a flight instructor is a privilege. Watching nervous students come through our doors and then achieve their pilot certificate a few months later, is life-changing for them and for me.
- Surrounded by positive people: Student pilots and instructors are usually ‘can-do’ people who believe in themselves and in a better future. You wouldn’t even consider learning to fly if you didn’t have that mindset.
- Passion for planes and business: I love planes and I love running businesses, so I get to combine both passions. Despite the frustrations, I still get more out of it than it takes from me.
- Great staff and students: I work with amazing people and meet fascinating students. I also get to work with my wife and after all this time we still love working together. Unlike my old career in insurance, where most staff didn’t want to be there, my team is passionate and engaged and love coming to work, and for me that is very energising.
- Personal fulfillment: I remember 20 years ago, while working in insurance claims, having to take a break from flying because I couldn’t afford it. To now own a flight school, to be able to fly when I want, provide employment for instructors, and help people learn to fly, it’s an incredible feeling. I feel grateful every day despite the challenges.
Over the last 14 years, I’ve seen nine of our competitor schools close down. I think many of them went into it thinking it would be an easy way to do what they loved and make money, and they were not prepared for the negative aspects or black-swan events (like state and national borders closing during COVID and then the two years of almost constant rain in south-east QLD).
If you have a passion for flying and you’re thinking about starting a flight school, by all means, consider it seriously. But do your research, and accept that it’s not the easiest path, and there are far less risky business models.
You can make a good income owning and operating a medium-sized flight school – if you view it over a 12 month timeframe and don’t freak out about some low-income months – but you won’t make as much as an Airline Pilot can make. However, I get control over my time and am home every night with my wife and kids, so the trade off for me is worth it.
I also started a complementary online business, the GoFly Online flight training platform, as a second source of income, to help mitigate some of the risks of owning a flight school. We trialled and perfected it on our own customers and now student pilots in recreational schools all around Australia are starting to use it to supplement their in-air lessons. If you ever do hear of me retiring to Fiji one day, that will be how I did it. I now work predominantly on creating video and theory content for that site and our Chief Flight Instructor runs the school.
I hope this has highlighted both the positives and negatives of flight school ownership. My hope is that more individuals will start their own RAAUs schools in the next 10 years, but go into it prepared, with a realistic and stoic attitude.
Damien Wills, CEO GoFly Aviation and GoFly Online, Sept 2025
