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Non-equity member operating groups in the UK

Matronics Email Lists Forum Index -> Europa-List

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seanmoreilly(at)hotmail.c
Guest

Posted: Sun Jan 04, 2009 10:54 am Post subject: Non-equity member operating groups in the UK

I am trying to defray the cost of convenient but expensive hangarage at Redhill by bringing in another user for my Europa.

  

 Does anyone in the UK have experience of establishing a group for operating a Europa with non-equity members C such that the new participant would not need to 'buy into' the aeroplane C but simply pay a monthly charge and/or an hourly rate?  I an assuming that such a thing is permitted under UK Law / CAA regulation!

  

 Any experience (including benchmark rates and examples of written agreements) would be gratefully received.

  

 Regards

  

 Sean

 Reigate C UK

Read amazing stories to your kids oarget='_new'>Try it Now!  [quote][b]

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wooburnaviation(at)google
Guest

Posted: Mon Jan 05, 2009 1:06 pm Post subject: Non-equity member operating groups in the UK

I'ts not really possible.  



 2009/1/4 Sean O'Reilly <seanmoreilly(at)hotmail.com (seanmoreilly(at)hotmail.com)>

 [quote] 

I am trying to defray the cost of convenient but expensive hangarage at Redhill by bringing in another user for my Europa.

 

Does anyone in the UK have experience of establishing a group for operating a Europa with non-equity members, such that the new participant would not need to 'buy into' the aeroplane, but simply pay a monthly charge and/or an hourly rate?  I an assuming that such a thing is permitted under UK Law / CAA regulation!

  

Any experience (including benchmark rates and examples of written agreements) would be gratefully received.

 

Regards

 

Sean

Reigate, UK



  Read amazing stories to your kids oarget='_new'>Try it Now!  	  Quote: 	
		  

	


[b]

- The Matronics Europa-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?Europa-List

wooburnaviation(at)google
Guest

Posted: Mon Jan 05, 2009 1:09 pm Post subject: Non-equity member operating groups in the UK

Sorry, hit send by accident. What I ment to add was that if it is not to be a commercial operation, each pilot needs to hold at least a 5% equity stake in the aircraft- At any rate that was my understanding 3 years ago when I was running a group - things may have changed!

   

 Could you not "sell" 5% to each potential pilot and hold an undated transfer agreement made out in your favour?

  

 Dave

 2009/1/5 David Buckley <wooburnaviation(at)googlemail.com (wooburnaviation(at)googlemail.com)>

 [quote]I'ts not really possible.  



 2009/1/4 Sean O'Reilly <seanmoreilly(at)hotmail.com (seanmoreilly(at)hotmail.com)>   

 

  	  Quote: 	
		   

I am trying to defray the cost of convenient but expensive hangarage at Redhill by bringing in another user for my Europa.

 

Does anyone in the UK have experience of establishing a group for operating a Europa with non-equity members, such that the new participant would not need to 'buy into' the aeroplane, but simply pay a monthly charge and/or an hourly rate?  I an assuming that such a thing is permitted under UK Law / CAA regulation!

  

Any experience (including benchmark rates and examples of written agreements) would be gratefully received.

 

Regards

 

Sean

Reigate, UK



  Read amazing stories to your kids oarget='_new'>Try it Now!  	  Quote: 	
		  

	


	




[b]

- The Matronics Europa-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?Europa-List

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