NBAA Small Aircraft Exemption Extension Allows for Time-Sharing, Interchange and Joint Ownership Agreements
The FAA has extended the NBAA Small Aircraft Exemption through March 31, 2022. This allows NBAA members who operate piston-powered airplanes, small airplanes (those with a gross weight of 12,500 pounds or less) and rotorcraft an exemption from FAR 91.501(a), which means, among other things, they may enter into agreements that are reserved for large [...]