Apparently one 'cleaner' option here is to sell a minimum 'share' (say
10%) in your plane to the company, with a buy-back option clause on
both sides. When the company 'owns' the plane (or even enough to meet
the FAA fractional-ownership guidelines, which I believe are 1/16th,
which I think I saw in their 'fractional ownership' NPRM), any
commercial pilot appropriately rated can fly it for hire. Now many
companies might get a bit hinky because of the liability issues, but
structured correctly this appears to be legal. We have an Aztec based
at our airport which is partly 'owned' by a medical practice in this
manner. One of the MDs owned it, and had his practice 'buy' into it
with a buyout clause for just this reason. I've never asked a lawyer
about this, but the MD says he has, and (knowing this MD) I can't
believe he's lying or mistaken about this.

If I'm wrong, please let me know, because this is something I'd
consider for myself in the future.

Cheers,

Cap


(Teacherjh) wrote in message ...
The commercial license would change the issues if you are flying
others,

Not quite. You would then be operating part 135, and your aircraft and such
would also need to meet part 135 rules. That is, unless you pull the (rather
transparant) ruse of having the client rent your airplane, and then rent you
separately to fly it.

Jose

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