Below is a step-by-step walk-through of how you join the Craft Pod, what you put in, the costs you’ll see up front and on-going, and when you can get money back out. Everything comes straight from the official Program Documents.
Who can join?
Accredited investors may subscribe. You must meet the SEC’s income or net-worth test and complete the standard KYC forms.
Your commitment at a glance
Item | Amount | Why it exists |
Minimum investment | $1 million in freely-tradable stock or cash | Gives you scale for both the investment and flight program. |
Working-capital cash | 15% of the value of the contributed securities | Funds aircraft deposits and portfolio re-balancing; it becomes part of your capital account. |
Onboarding fee | 5% of the contributed securities | One-time setup fee paid to the Manager at closing. |
Deposit | $10,000 (credited to the onboarding fee) | Reserves your place until the Pod has its next closing. |
Flight access: Every $1 million you invest unlocks 10 flights per year at the occupied-hour rate published in the Use Agreement.
The funding timeline
Apply & sign: Return the Subscription Agreement, Applicant Questionnaire, and Pod Agreement signature page.
Wire the $10,000 deposit within ten days of acceptance. Start flying!
Wait for the next closing: The Manager calls for funds once total commitments reach the closing threshold.
Contribute securities + working-capital cash and pay the remaining onboarding fee on the “Contribution Date” the Manager specifies.
Receive your confirmation: You’ll see your capital-account opening balance and the number of Pod units you own.
Ongoing costs
Management fee: 1.5% per year on your total contribution
Pod expenses: Brokerage, audit, legal, and similar fund costs are paid by the Pod, not by you separately.
Flight charges: When you fly, you pay the occupied-hour rate, plus surcharges and third-party costs exactly as spelled out in the Use Agreement.
Lock-up and exits
Each contribution has a five-year lock-up—no withdrawals before the 5-year mark unless the Manager approves a hardship request.
After year five you may
Redeem for cash at net asset value,
Roll into the next Craft Pod.
Additional liquidity options may be available
How profits, losses, and depreciation flow to you
The Pod opens a separate capital-account sub-ledger for every contribution you make.
Bonus depreciation on aircraft is allocated pro-rata to those capital accounts, so larger cash contributors (with higher outside basis) often take a bigger first-year deduction.
You receive a Schedule K-1 and audited financials each year.
Key risks to remember (in plain words)
Market risk: The stock portfolio can fall in value.
Illiquidity: You are locked in for five years.
Operational risk: Aircraft costs and availability can move your realized flight economics.
Tax law changes: Congress could alter depreciation rates or exchange-fund rules.