Well this may not be the correct FAR to reference...
§ 121.437 Pilot qualification: Certificates required.
(a) No pilot may act as pilot in command of an aircraft (or as second in command of an aircraft in a flag or supplemental operation that requires three or more pilots) unless he holds an airline transport pilot certificate and an appropriate type rating for that aircraft.
Yes, and check out the new part 91 Subpart K for the new fractional ownership regs. You will now need 1500TT to act as a professional pilots for a part 91 Frac outfit now too.
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