"Ben" wrote in message
om...
Well, how would you respond to this kind of proposal? let me know!

It depends. But sure, if structured right, as an airplane owner I would
consider something like that.

Without a capital investment, you would expect less than full partnership
benefits, while being expected to pay full rate for your fair share of
operating expenses. That means that you'd pay the pro-rata share of fixed
costs, plus all hourly costs incurred by you. At the same time, you would
not have priority for scheduling, you would have no say in how maintenance
on the airplane was done, nor on how to manage the fixed costs, that sort of
thing.

Also keep in mind that I don't know what the legality of something like this
would be. As an owner, I wouldn't make such an offer to just anyone. It'd
have to be someone I know well and whom I'd otherwise consider for
partnership in the airplane. I also wouldn't go out of my way to mention
the arrangement to the FAA. Some inspector might get the mind to call such
an arrangement a lease, even though IMHO it's clearly a partnership of
sorts.

If you or the owner are really worried about the legality, you could even
draw up some sort of partnership papers that outline your rights (or lack
thereof) as a partner, and your investment (or lack therof).

Pete