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Old 2nd Sep 2018, 04:22
  #19 (permalink)  
Lead Balloon
 
Join Date: Nov 2001
Location: Australia/India
Posts: 5,287
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No, the aircraft is owned 50% by each 'owner' in a company structure. One of the 'owners' removed the director of the company (another person) and appointed himself as the director of the company (whilst the other owner was in hospital having open heart surgery). Unfortunately there is not a detailed ownership agreement.
Sounds like a company owns the aircraft.

You’re aware that the shareholders of a company do not own the assets of the company?

How many shares have been issued by the company, and who holds them?
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