Quote:
Originally Posted by clydefastly
To make this part 61 legal, temporarly sell your airplane to your friend with the understanding that you will buy it back at the end of the training. I don't know the loopholes of this, but you could simply make him a part owner of your plane for the time it takes to complete the training. The cost of the instruction can be factored into the cost of the airplane.
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I have thought about trying to incorporate my plane and selling shares to prospective students. Once they were done with training you simply buy the shares back. Does anyone think that approach would work?
How about instructing for free but requiring that the students buy a pencil an hour from you at $40 each?
Skyhigh