Pilgrim Flyer,
Your Permit to Fly precludes the aircraft from being used for Public Transport or Aerial Work. Therefore it cannot be hired out in the manner you describe.
Basically, you can RECEIVE:
1)
Ab-Initio Training provided you are the sole owner of the aircraft by an instructor whom you can pay, but not the examiner.
2) Recurrent training such as any part-owner's Biennial Flight Review, Tailwheel conversion etc. provided this is un-remunerated.
There is a CAA maximum of 20 equal partners (ie. min 5% ownership).
You cannot as an instructor own an aircraft and offer it for lessons to the public as this would be aerial work. It cannot be used for trial lessons.
Whilst I assume it is on a CAA Permit to Fly, the same rules apply as PFA Permit to Fly. See the
PFA website. They have unfortunately put the documents under the Engineering Section>>"Operating An Aircraft on a PFA Permit">>"
Operating on a Permit to Fly compared with a C of A"
Hope this helps.
Regards,
ifitaint...