Hey Folks, New here but have a question that has recently plagued me and sent me down a rabbit hole that I can't seem to get out of. There is a lot here, so sorry for that in advance.
Two individuals in my town currently own a King Air 200 and have its ownership setup under a separate LLC than either of their companies. Both of their companies regularly use this airplane and "contract" a pilot in town to fly for them. As far as I know, both companies then pay the pilot for his time and also pay the LLC for the aircraft expenses, etc?
My understanding is that if the King Air falls under Subpart F(which I don't think it does...the whole 12,500 large airplane definition), that their situation would be ok given what I have understood Subpart F to be describing? Seems like a perfect "Joint ownership"(got some help here: https://nbaa.org/wp-content/uploads/2018/01/Aircraft-Operating-And-Leasing-Guide.pdf).
But since I don't believe that the King Air 200 falls under the guidelines of Subpart F because of its gross weight, how then does this situation work? Can the understanding of Subpart F be applied to smaller airplanes or no? If not, would then this situation be considered "private carriage" and its no big deal, since they are clearly not "holding out", and are strictly using it only for personal travel and the uses of the two businesses when needed?
Last scenario, and where I come in....they have asked about potentially hiring me fulltime as a pilot for them(not sure under the plane's LLC or what?), but in what scenario could I be employed with these individuals and also provide travel using their airplane for both their companies and it not be considered flights needed to have a carrier certificate?
Any help is greatly appreciated, and I will try my best to answer any follow on questions of clarification as best I can....not fully knowing all their situations of business.
Two individuals in my town currently own a King Air 200 and have its ownership setup under a separate LLC than either of their companies. Both of their companies regularly use this airplane and "contract" a pilot in town to fly for them. As far as I know, both companies then pay the pilot for his time and also pay the LLC for the aircraft expenses, etc?
My understanding is that if the King Air falls under Subpart F(which I don't think it does...the whole 12,500 large airplane definition), that their situation would be ok given what I have understood Subpart F to be describing? Seems like a perfect "Joint ownership"(got some help here: https://nbaa.org/wp-content/uploads/2018/01/Aircraft-Operating-And-Leasing-Guide.pdf).
But since I don't believe that the King Air 200 falls under the guidelines of Subpart F because of its gross weight, how then does this situation work? Can the understanding of Subpart F be applied to smaller airplanes or no? If not, would then this situation be considered "private carriage" and its no big deal, since they are clearly not "holding out", and are strictly using it only for personal travel and the uses of the two businesses when needed?
Last scenario, and where I come in....they have asked about potentially hiring me fulltime as a pilot for them(not sure under the plane's LLC or what?), but in what scenario could I be employed with these individuals and also provide travel using their airplane for both their companies and it not be considered flights needed to have a carrier certificate?
Any help is greatly appreciated, and I will try my best to answer any follow on questions of clarification as best I can....not fully knowing all their situations of business.
