Fractional ownership ??

[midlifeflyer]

You can see browsing through the thread that there are multiple options to have someone else use your airplane. Private rental; dry leasing, borrowing, non-equity or small minority interests. They can all work. Depends what you are looking for. 

[midlifeflyer]

On 12/4/2023 at 4:14 PM, wombat said:

It sounds like you need to hire a commercially rated pilot to fly the aircraft for you sometimes.   As long as the pilot has a commercial single engine certificate with complex and high performance as required and class I or II medical, you can legally hire them to do it.

Be careful that insurance covers you while they are flying it for you and it might be kind of you to remind them that unless they are named on your insurance policy, your insurance company might try to recover any losses from them or their insurance.

Also of note is that loggable pilot time is compensation and even if you don't pay them money, that is still compensation and they need a commercial certificate if they are going to log the flights.

One more word of caution: They would be subject to federal taxes on their net income as well as a 15.3% self-employment tax on net earnings above $400.

 

Kind of sad to be debbie downer about this but it's a legal minefield.

I didn't catch that he was looking for a pilot to fly him around; just another pilot to fly the airplane. If you're right, while it's not a minefield (it's done legally every day), there are several gotchas that require more careful planning than, "here's the keys; just refuel it when you're done." 

[wombat]

3 hours ago, midlifeflyer said:

I didn't catch that he was looking for a pilot to fly him around; just another pilot to fly the airplane. If you're right, while it's not a minefield (it's done legally every day), there are several gotchas that require more careful planning than, "here's the keys; just refuel it when you're done." 

I think your impression is correct, he just wants someone else to fly his plane, not to transport him or any of his stuff.