Dana I would sell shares in this mxII. Everyone is an owner. Once the training is over the student sells his/her share to the next student. This would be a club for training were everyone owns a share. No LODA needed going this route and many are doing this for this reason.
My 2 cents.
That was awhile ago (the plane belonged to a deceased friend and has since been sold). At this point I'm not as interested... I recently did some unpaid informal (because I'm not a CFI yet) transition training in a Quicksilver owned by the student and although I enjoyed it and it convinced my I want to get my CFI, I've had my fill of Quicksilver flying for the moment. It's more academic interest right now.
Originally Posted by 1600vw
It was an odd situation... guy bought a [different] Quick but his insurance company required 5 hours dual in it. He found a willing CFI, but the insurance wouldn't cover the CFI as he didn't have recent Quick time. I did, so the insurance company said it was OK if I checked out the CFI for 5 hours, then he could in turn check out the owner. I also flew with the owner, and had the use of the plane to fly with friends and family during that time (my own plane is a single seater).
Many have suggested the "flying club" "shared ownership" dodge for instruction in a ELSA, but I don't know if it's ever been closely examined by the FAA.
Jedi---I just was in communication with Jon. He has returned to instructing at Torrance Ca. after having to take some time off for a medical issue.
Originally Posted by jedi