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'Renting' my plane.



 
 
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  #17  
Old September 10th 05, 06:29 PM
N93332
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"Blanche Cohen" wrote in message
...
Any A&P can sign off the 100 hour. Takes an IA for an annual.


Other than what George said above above, isn't the question a given? A
rental/commercial is required to have 100hr inspections and a private
non-commercial only requires an annual.


Not only that, but has the topic of insurance been mentioned yet? It'll
be 3-4 times what you pay if the aircraft is not on a lease-back.


As far as the 100 hour inspection, it'll depend on if me and my 'renters'
fly my Ercoupe over 100 hours total per year. At this time my plane is
hangared in St James, MN (JYG) and my sport pilot friend and me live in
Fairmont (FRM) so it's a 30 minute drive up to the airport to do any flying
for either of us. My cousin (CFI/ATP) is in Sioux Falls so he won't be
borrowing my plane very often either.My cousin says he wants to borrow my
plane occasionally, maybe 20-30 hours a year. My other friend with the
expired medical wants to fly it under Sport rules and said he'd probably
only fly about 10 hours a year, mostly during summer months and with a CFI
the first few hours each year. Even if I (eventually) do some Sport pilot
training in my plane, I doubt that all of us together will put over 100
hours per year but I'll keep an eye on it and get a 100 hour inspection as
needed.

I checked my insurance policy and it says that I can allow any current
pilot to fly my plane but I don't want to get into the 'rental'
insurance costs.


That's why my friends want to borrow the plane from me and not 'rent' the
plane. I might have to 'club' the plane and add my friends' names to the
insurance policy.

-Greg B.


 




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