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Old 2nd April 2003 | 16:44
  #11 (permalink)  
FNG
Not so N, but still FG
 
Joined: May 2000
Posts: 1,417
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From: London, UK
An owner may sell a 5% share in an aircraft for any price, including a nominal price with an option to buy back at the same price. As long as the share is genuine (so that, for example, if the aircraft is written off the shareholder is entitled to 5% of the insurance pay out), then Article 130 of the ANO will be satisfied.
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