Advice about how to structure an R44 group
A quick search did not reveal the answers so advice please.
A friend has owned an R44 Raven 2 from new and in about 4 years has done around 300 hours, he is considering selling it or preferably having an agreement with 3 - 4 other friends to in effect sell block hours to better utilise the helicopter and reduce his overall operating cost and therfore keeping availability for himself. There would not be a capital or share purchase.
It is G reg and he paid the VAT when purchasing it.
As I am one of the interested friends we have a few questions
a) Does any one have a proven agreement for a private owner to sell blocks of hours to be used over a period of say a year.
b) Would it change the maintenance requirement to Public Transport
c) What would be a fair price for pre paid blocks of 25 or 50 hours
Thanks
Duncan