Flying Club - Inspection Req'ts
Here's a "theoretical" scenario. A flying club has a Skyhawk, and the airplane is registered under the 501(c)(8) corporation's name: FlyX, Inc. FlyX, Inc. is run by a board of directors (3 people) elected by its club members annually. No member owns any shares of the corporation. No board of directors own any shares of the corporation. No shares are sold to anyone, nor are any shares issued to any member. Each member pays into the flying club an initiation fee and a monthly membership dues fee. New members may join FlyX, Inc. by a general vote of the membership and is subject to the initiation/monthly fees. Members pay an hourly use fee when flying the Skyhawk. FlyX, Inc. flights operate under Part 91.
The airplane is used only by its club members only, and is used for flight instruction given by CFIs who belong to the flying club, as well as CFIs who do not belong to the flying club. The board of directors believe that the Skyhawk does not require 100-hour inspections because the members of the corporation owns the airplanes.
Question: Does this Skyhawk require 100-hour inspection?
(I know the answer to this but want to see what others come up with.)