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Thread: Is this legal?
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Old 29th Sep 2004, 13:24
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robin
 
Join Date: Aug 2003
Location: Not a million miles from EGTF
Age: 68
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Not sure I understand this

If I own a permit type and wish to continue to own it outright, but friends are willing to join a group (no capital, but share of expenses+hourly rate)

Earlier Bookworm suggested selling a capital stake, but I prefer the option of the non-capital route, as I retain control over the aircraft

What is wrong with selling a nominal stake and setting up an agreed monthly to cover expenses+flight time?
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