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What is the difference between a lease and a leaseback? You have been using your aircraft only for your own personal business and pleasure flying.
What is the difference between a lease and a leaseback?
You have been using your aircraft only for your own personal business and pleasure flying. To produce some income, you decide to lease it to an FBO that will use it for student instruction and rental. Will this require any changes in your aircraft insurance coverage? If so, describe.
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