Posted by bc on October 27, 2010 at 21:59:12 from (71.158.209.228):
In Reply to: airplane partnership posted by dave anderson on October 27, 2010 at 17:55:20:
I was in a corporation as a part owner once and sold out. Used to be a good deal until certain insiders changed the bylaws to their benefit. Now they are short on people wanting to buy in. Cheaper to rent than get involved in another deal like that.
Dave, join the AOPA. Pay the extra fee for an aviation attorney assistance. The AOPA has all the information, both legal and insurance wise, that you need. Has to be set up right to avoid being a carrier for hire. And once you add more pilots, the insurance skyrockets. The only way those deals work for someone is if they really fly a lot of hours. Those are hours shortening the life of your plane and engine. Good luck.
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