Question: Sharing Ownership and Flying Costs
I have a Mooney that I would like to start a partnership with. I plan
on finding a location on the West Coast to base the airplane.
My question is, with a partnership do you need to set an hourly rate
for maintenance or Engine reserves. Would a low hourly rate help to
keep the cost of maintenance fair so the cost is related to the actual
flying.
Thanks
Steve
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