Sat Nov 09, 2013 6:31 pm
#1221483
Until recently I was the Trustee of a Group owned aeroplane.
I sold my share, and another of the 7 Group members has volunteered to take on the duties of the Trustee.
If I had not been the Trustee, all that would be required would be a letter to the CAA to update the list of Owners.
As it is, we are now obliged to re-register the aircraft, with the associated expense. (As an aside, that expense falls on the rest of the Group, not me as I am no longer an owner.)
Change of Trustee is a minor record keeping update; deal with it accordingly and remove the requirement for re-registration.
I sold my share, and another of the 7 Group members has volunteered to take on the duties of the Trustee.
If I had not been the Trustee, all that would be required would be a letter to the CAA to update the list of Owners.
As it is, we are now obliged to re-register the aircraft, with the associated expense. (As an aside, that expense falls on the rest of the Group, not me as I am no longer an owner.)
Change of Trustee is a minor record keeping update; deal with it accordingly and remove the requirement for re-registration.