Aircraft Rental Consortiums
Hi All,
I was wondering if anyone has experience with using their aircraft for a private club..
I have a single engine piston and several pilots I know want to use it here and there.
My question is what are the legalities of it? Insurance obviously needs to be covered for such an arrangement but as the income will only be covering the fixed costs, are there requirements with the authorities? The aircraft is fully serviced and kept airworthy.
How do you handle fuel and oil costs in the equation and what about flight hours? Do you sell them in packages or just the hours actually flow?
Any information would be highly appreciated.
UW.