Originally Posted by
sellener
ok, I have read 501, and admit, "it depends" is a good answer. I will continue to research.
On a slightly different note, that would help in some way to enlighten me, why is a typical flying club ( 1000 dollar initiation fee, annual insurance fee, monthly fee, and rate wet for aircraft/s, along with an intrest in the aircraft if it is sold or liquidated) not a fractional ownership type of operation? Usually you have Bob and Tom who manage the maintenence/logbooks/coffee pt in office, who are getting compensated by the club itself.
Im assuming the club is not fractional.....I just never thought about fractional operations much, and now Im curious.
Just curious why it is not fractional under the regulations.
In the flying club each of the owners pilots the aircraft themselves, there is no hired crew doing so. Therefore each of the owners, when on the airplane has operational control.
Joe