Originally Posted by
DC10driver
Hello guys, this is an interesting topic.
According to current (FAA) regulations, type rated F/O's are allowed to log PIC time for those legs they actually flew as the sole manipulator of the controls. For hiring purposes, most airlines will not consider those hours as PIC time. In my humble opinion, there is only one Pilot in Command and is the one who signs the logbook

Yes it is...and I agree. The guy who signs for the aircraft is the guy the FAA is going to hang if anything happens, so he/she is the true PIC. Also true, is if both pilots are type rated either can log PIC. To be more clear, I guess the defining line would be when a flight is hauling revenue. The company ops specs has to designate a PIC for that flight. If the company designates the other pilot on the next flight to be the PIC, then he logs the time. This is not common among airlines, regional or otherwise. You're either a captain or an FO: captains log PIC and FOs log SIC, type rating or no.
On the other hand, a lot of coporate guys are typed in everything owned by the company, since it's "part 91", the guy in the left seat logs the PIC, and then they swap for the next leg -- I don't think airline hiring offices would disregard that. (Just my opinion)