carl(at)flyers.freeserve.
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 Posted: Sun Jan 04, 2009 11:46 am Post subject: Europa-List: Non-equity member operating groups in the UK |
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Hi Sean,
We operate something along the lines of what you have proposed. (I have mailed you a copy of our group rules/ agreement), however I believe that you must be a shareholder to be a legal member of a group - ie: all members must have a financial stake in the aircraft.
As far as I know there is no minimum share value specified by the CAA so we decided that £500 would ensure the insurance excess is covered in the event of an accident. My understanding is that if group members did not have a financial stake in the aircraft then the CAA would treat this arrangement as Hire & Reward which is not permitted since a fee is being charged for the use of the aircraft (ie: the operating costs - hangarage and insurance etc).
Also whilst not compulsory, I think it is desirable that group members are LAA members and also members of the particular flying club that you belong to. The insurance company will also be likely to insist that all group members have undertaken a suitable conversion course (ie the LAA training scheme). In view of the Europas tricky ground handling I would insist on this regardless (sorry, but I have assumed yours is a monowheel - it may not be).
I think allowing other pilots to fly your aircraft without any sort of financial commitment is not a great idea, though you will no doubt get many takers - IMHO that is.
I would be interested to know what others in the Europa fraternity think of such an arrangement.
Carl
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