Can I buy hot air balloon with $50.000 amount?

1 ANSWERS

1. kate
   

   Purchasing a hot air balloon and becoming a hot air balloon pilot will place you in rare company, as in United States there are only about 4,000 hot air balloonists. Hot air ballooning is managed by the Federal Aviation Administration and it is essential for all pilots and balloons to meet their regulatory requirements. New balloons are more expensive and must pass annual and 100-hour checking. Additionally to the balloon, pilots must put some extra money in equipment, ground crews, and insurance.
   Two kinds of pilots’ licenses are acceptable: which are private and commercial. A private license permits you to fly individually in a balloon, a commercial license gives you the opportunity you to take others on rides in a balloon. The essentials elements for each license are given by the Federal Aviation Regulation (FAR) Part 141. Training for a private license needs at least ten hours of flight instruction combined with written test. A commercial license need more experience, for these pilots must have at least thirty-five hours of flight time with additional ground experience and must pass a much tougher written test.
   There are several FAA-approved flight schools that give training courses for a private or commercial license. Schools will assest you log hours of ground and flight training and some provides additional study materials to guide you to pass the written test. The costs for training for a private license can range from $1,300 to $2,650, a commercial license can cost anywhere from $1,400 to $3400.
    

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