Ownership/Shares
Guys,
Once my PPL is done and dusted (end of winter(ish)) I want to own or part own plane as soon as possible, no less than 1/4 share though. If I may I would like just just list some questions and get some feedback from those in the know:
1) Shrares:
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1.1) What is likelyhood (generally speaking) of being accepted into a group with just PPL time?
1.2) With groups, how are the rosters sorted out. Does each member have a total number of hours they are allowed to fly according to their share of ownership?
1.3) Are there any legal costs regarding contracts etc?
2) Owning:
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2.1) How practical is it to just buy a plane outright and mitigate the cost of ownership by renting it out.
2.2) Would a flying club be happy to handle the admin of an aircraft for a cut in the rental price?
2.3) Just how much more in % terms would the running of an aircraft to CofA standards for hire and reward?
2.4) Again, any info on legal costs?
Horrible length of string questions I know. But a guesstimation or mean view would be much appreciated. Just incase this is relevant in any way, Blackbushe is my home-drome.
Once again, many thanks in advance,
Kef.