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Old 20th March 2017 | 08:55
  #7 (permalink)  
foxmoth
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Joined: Dec 1999
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From: Oop North, UK
Non equity is just another form of hire, if you do not want to actually sell shares in your aircraft you are not interested in a syndicate as such though you might want to look at non equity groups. With this you charge a monthly rate that covers standing costs such as hangarage, insurance and annual maintenance then an hourly rate that covers the DOCs but the aircraft remains completely yours and technically you are still renting it out, this means that you cover monthly costs even if the aircraft does not fly, but you need to draw up some sort of agreement to cover things like do your group members still pay if the aircraft is grounded, especially if it is another member that causes it.
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