Quote:
Originally Posted by particlem86  What about if company X & Y want to form company Z to be the flight department for both companies?
Company X and Y both "own" company Z which is who then operates and flies to airplane, but only for companies X and Y? |
Quote:
Originally Posted by OldTownPilot 91 K |
Not exactly. This is exactly how our flight department is set up. Company A & B decide to buy an aircraft jointly. They set up Company C to "own" the aircraft. They then set up Company D to employ the pilots. Company C leases the aircraft to both A and B. This lease is filed with the FAA before the first flight under the new lease. Company D has a contract with Company C to manage/crew the aircraft.
Clear as mud?