@MuseChaser 2of3 partners voted to defer mx over your objection?
What types of things were deferred?
What were the challenges in your partnership?
Also why would it fly more now? You didn’t think it was safe?
I'd have to start a new forum to detail everything wrong with the informal partnership I had with two friends. One of them, thankfully, is still a good friend, but he was a terrible partner. The Cliff notes are..
1. The plane was solely in my friend's name; he was the original owner, but had financial difficulty as a sole owner and sold thirds of the plane to me and another friend. We had no paperwork regarding the deal or buyin.. just the trust between friends. The original owner never betrayed that trust, financially, thankfully.
2. The guy whose name was on the paperwork also happened to be the kind of person who VERY much hates to be told what to do, especially by the government. Let's just say "how can I get around this," "We don't really have to do that," and "That's unnecessary.. you will see" are probably the first three English phrases he learned.
3. I was the only partner with enough financial security to have something to lose in the event of an accident. The other partners had no interest in getting insurance, and I wouldn't fly without it.. and couldn't insure a plane I didn't own. The only kind of insurance I could find to cover me would only cover me in the event that the accident was my fault. That wasn't good enough for me.
4. The plane was out of annual, xpnder, and IFR certs WAY more than it was in.
5. Medical issues, pre-BasicMed, further reduced one partner's incentive to keep the plane current.
6. The other partner discovered the joys of narcotic pain pills, then heroin, after back surgery and ruined his life.. along with those of us around him.
That's the short list. I'll leave it there. I love these guys like brothers, and still am good friends with the original sole owner after buying him out. I bought out the junkie a few years ago and had been 2/3 owner, but the plane was STILL in my friend's/original owner's name, so it didn't help with keeping the plane up.. just meant I was spending twice as much monthly on a plane I couldn't fly.
I've flown more hours in the past two weeks than i've flown in two years, and I am ECSTATIC. The plane is solid; I've had THREE A&Ps working on it with me over the past three months all and all three have been very encouraging about the mechanical condition of the airframe and engine. There were many good things about our partnership, especially during the first year or two. I probably couldn't have afforded to get my PPL without my friend's gracious offer to let me use and buy into the airplane back then. People change, priorities change, and some discover heroin. I hate the heroin part. The rest I understand, but it didn't make the partnership any better.
