Hi guys,
Leading on my from previous thread about purchasing an aircraft, myself and a couple of other trainee pilots have decided that we want to do a group buy of an aircraft to complete our PPLs and hour build in. We are looking to spend in the region of £15k - £20k for a 2 seater (or 4 if its feasible), something like a Cessna 150/152, Piper Cherokee or a Robin ATL, though we are open to suggestions
. This in itself isn't too much of an issue; we've worked out all the costs, and its economically doable - the problem is administering the group. What we would like to know is:
1. What is the best way of going about setting up the group i.e. just an agreement between us, or form a company of some description (partnership, LTD, PLC?) as a cost center.
2. What is the best method of delegating flying time?
3. If we are planning to do our PPLs on this aircraft do we need a public transport CofA or will a private or permit be enough?
Cheers!
