Sun Sep 26, 2021 3:27 pm
#1872642
We had similar, one member wanted to fly behind a better set of instruments... Rest were ok with what we had.
So, at their own cost and effort, upgraded what they wanted to have (the rest of the group agreed on the fit as being suitable).
We reflected this in that if a share or the aircraft were sold they would recover a proportion of the money that had been invested (cost of components only not effort spent to install). A value was agreed, and is amortised over a 5 year period. Ie if no shares or the aircraft are sold within 5 years of that date - they have gifted in whole the new equipment to the aircraft and so the group.
Shake hands and we moved on.
So, at their own cost and effort, upgraded what they wanted to have (the rest of the group agreed on the fit as being suitable).
We reflected this in that if a share or the aircraft were sold they would recover a proportion of the money that had been invested (cost of components only not effort spent to install). A value was agreed, and is amortised over a 5 year period. Ie if no shares or the aircraft are sold within 5 years of that date - they have gifted in whole the new equipment to the aircraft and so the group.
Shake hands and we moved on.