I have spent about 40 mins searching but I can't find the answers so maybe you can help or post a link.

I am coming up to passing my PPL(A) and looking to get access to an little cheep aircraft to build up some hours and potter about in.

I though it would be like borrowing a mates car, get the insurance sorted, fill it up with fuel and give him some beer money to say thanks.

But I have been told you can't do that in Airplane world and you need to buy into a share, at the moment this is not a great option for me because
a) I don't have a spare wad of cash
b) I might have to move away with work in the future

So a Non-Equity Share sounds ideal, but then I am not buying into share so is it legal loop hole or something?
Anything I should know or do?

PP

I though it would be like borrowing a mates car, get the insurance sorted, fill it up with fuel and give him some beer money to say thanks.

If you manage to get use of an aircraft for "fuel and beer money" you'll be doing well :)

There are though plenty of privately owned aircraft around which are available to hire. I'm guessing that most owners though would want you to have a few hours in your logbook before trusting you with their pride and joy ;)

But I have been told you can't do that in Airplane world

Of course you can do that in the Aviation world - if you have mates like that, and I have even been lucky enough at one point to have been able to do it, but I have very few that would do that for me with a car never mind an aircraft:uhoh:

Non equity share is really just another way of hiring, often cheaper than club hire because you are not paying a comercial premium, but will generally still be more expensive long term than a proper share, especially if you look at LAA aircraft which cannot be done on non equity.