NBAA’s Small Aircraft Exemption allows operators of piston airplanes, small airplanes, and all helicopters to utilize the limited options for cost reimbursement permitted under Part 91, Subpart F of the Federal Aviation Regulations (FARs).
Common situations where cost sharing may be helpful include the transportation of a guest on the company aircraft or use of the aircraft by employees of a subsidiary company. In addition, the use of time sharing, interchange, and joint ownership agreements are permitted under Part 91, Subpart F.
Without the NBAA Small Aircraft Exemption, the cost sharing options available under Part 91, Subpart F are only available to aircraft that fall into one of the following groups:
- The aircraft has a maximum takeoff weight of over 12,500 pounds
- The aircraft is a multi-engine turbojet aircraft (regardless of size)
- The aircraft is a fractional program aircraft (regardless of size)