Aircraft Shares.

Adrien Kentzer · Post by **Adrien Kentzer** » Tue Aug 03, 2010 4:00 pm

Hi Folks,

I am thinking of selling a half share in my airplane to a chap from our airfield. As we're both new to this 'share' thingy, I was hoping someone may be able to steer us in the right direction with regards to legal forms and/or documents we need to satisfy both parties. All information will be gratefully received.
many thanks
Adrien Kentzer

phaco · Post by **phaco** » Tue Aug 03, 2010 8:22 pm

Usual starting point of such an arrangement is: am I (or my estate) liable if my partner kills/maims me or any other innocent bystander?
A limited company may be the way to go.

Cheers

ffg · Post by **ffg** » Tue Aug 03, 2010 9:41 pm

With all due respect, I don't think that's a common view of group ownership. Careful consideration of your insurance policy will probably set your mind at rest

I suggest having a written agreement you can both (all) sign up to - I thought there was one somewhere on the LAA site but I can't find it.

My experience of group ownership has been pretty positive (2 in total, so not extensive I admit) but do consider the possible downsides as well as the benefits.

Rod1 · Post by **Rod1** » Tue Aug 03, 2010 10:04 pm

Have a look at;

http://forums.flyer.co.uk/viewtopic.php ... 91&start=0

Rod1