I have seen a few people who have been offered a share in an a/c , suddenly find that they are liable for a massive bill
Is there any way to protect youself from this? I'm thinking of buying a share, but don't want to buy in and a week later the engine to go bang and get a £15,000 bill which I have to fork out 25% of.....
The other option I'm considering is to buy an aircraft myself, with full engineers report of course, base it where I want to base it then try and sell 3-4 shares. The downside of this is that if I don't sell the shares, I have £30-£40k invested in an aircraft plus all of the fixed costs.....
Anyone for Compton abbas or thereabouts? (
just thought I'd ask )
