Sorry, hit send by accident. What I ment to add was that if it is not to be
a commercial operation, each pilot needs to hold at least a 5% equity stake
in the aircraft- At any rate that was my understanding 3 years ago when I
was running a group - things may have changed!
Could you not "sell" 5% to each potential pilot and hold an undated transfer
agreement made out in your favour?
Dave
2009/1/5 David Buckley <wooburnaviation@googlemail.com>
> I'ts not really possible.
>
> 2009/1/4 Sean O'Reilly <seanmoreilly@hotmail.com>
>
>
>> I am trying to defray the cost of convenient but expensive hangarage at
>> Redhill by bringing in another user for my Europa.
>>
>> Does anyone in the UK have experience of establishing a group for
>> operating a Europa with non-equity members, such that the new participant
>> would not need to 'buy into' the aeroplane, but simply pay a monthly charge
>> and/or an hourly rate? I an assuming that such a thing is permitted under
>> UK Law / CAA regulation!
>>
>> Any experience (including benchmark rates and examples of written
>> agreements) would be gratefully received.
>>
>> Regards
>>
>> Sean
>> Reigate, UK
>>
>> ------------------------------
>> Read amazing stories to your kids oarget='_new'>Try it Now!
>>
>> *
>>
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>>
>>
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