Non Equity Groups
Yes, I'm sure that non-Equity groups (which include groups that run as businesses with shares, and are therefore still aeroplane-hiring 'companies') are not legal in the UK! When registering an aeroplane with the CAA, all members of the group should be listed on the certificate of registration. Sometimes the aeroplane is registered to the trustee of a group, and he is the point of contact with the CAA. However, all members should still be on the certificate of registration for it to be a legally-operated group. So, if a share changes hands, a new certificate of registration must be applied for and the insurance company informed.