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I've been helping a few groups with their experimental aircraft builds. One has recently been completed and the builders have allowed me to fly the aircraft now that testing is complete! We have agreed that it would be best to reimburse them for the cost of operating the aircraft when I fly and, at first glance, an hourly rate seems simplest. So…
- What is the best way to legally reimburse them for this cost? Is this “renting”? “Dry-leasing"? Is this ...