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You are here: Home / YouTube / How can I earn revenue from my airplane?

Written by jonl

How can I earn revenue from my airplane?


 

Transcript:

Aircraft owners can earn money by selling flight use to third parties through arrangements such as one, having a certificated charter operator operate the plane when flying public customers on an on demand basis. Two, joining with a flight school to rent your plane for short periods, and three, simply renting out the plane yourself. You must always be clear about whether you’re providing the plane merely as a piece of equipment, which the FA generally permits, or you’re selling air transportation, which the FA severely restricts. If you provide the pilot or you collude with another party to provide the pilot, the you’re selling air transportation, which requires either a certificated charter company operating the plane, or a special form of agreement, such as time share, which I discuss in another video.

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Advocate Consulting Legal Group, PLLC. 3555 Kraft Rd. Suite 240 Naples, FL 34105 and 1300 N. Westshore Blvd. Suite 220 Tampa, FL 33607. Suzanne Meiners-Levy, Esq. (239) 213-0066. Tax Disclosure. We inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under federal tax laws, specifically including the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Privacy Policy. Terms of Use.