discussion here: https://groups.google.com/a/ google.com/forum/?fromgroups#! searchin/pilots/ partnership From a friend: I'm in a 3-way partnership on a 172 and have had no complaints. Be sure to iron out all of the details up front (who pays what? when? what happens when they don't pay? how are exceptional situations handled? who is responsible for what? how does the plane get booked? how can people exit the partnership ?). In my case we have a 10ish page notarized contract. CYA. Hopefully, you won't ever need to use 99% of that document, but you want to have it in place in case bad things happen. Thankfully, my two partners are extremely reliable, and we miraculously have non-overlapping schedules due to our different jobs so availability has literally never been an issue over the last 3 years. We each fly 40-50 hours a year (when I initially looked into the partnership the break-even point was around 30/hours a year compared to a rental for our plane and o...
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