Posted by Andy C on October 27, 2010 at 19:18:34 from (71.175.88.136):
In Reply to: airplane partnership posted by dave anderson on October 27, 2010 at 17:55:20:
Dave, I was in a partnership for 5 years. I was sole owner for 5 years prior to partnership. It was always a 3 way partnership. During that time one of the partners sold his share to another pilot.In my case everything worked very well. We split all the expenses evenly 3 ways and each partner paid a small per hour fee to pay towards covering, overhaul etc. I would say that we were all of the same mindset on maintainence. Everyone was also very accommodating and flexible with the other partners. It was a simple partnership on a simple (1950 PA-20)airplane and I would do it again. The partnership definably reduced the cost of flying!
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