What there is scope for however now is, for example, for a school or instructor to buy a suitable aeroplane - let's say a Luscombe Silvaire on an LAA permit, then to sell 9 1/20th shares in it.
That aeroplane is still under the control of the owner/instructor/school, but with portions of control and ownership ceeded to the nine smaller shareholders. Those shareholders can do their tailwheel training in the aeroplane, then either keep flying it, or sell their shares on, or back to the majority owner.
Which is, broadly, how microlight schools often functioned for years until type-approved microlight hiring became legal, thus making this approach much less worth the bother.
G