Private. 1. Privately owned aircraft operated non-commercially by owner or owners. 2. Private aircraft may be used by persons other than the owner provided no part of the cost of operation of the aircraft is received in money or other consideration by the owner for such use. 3. Private aircraft can be used in connection with the owner's business; comparable to an owner's use of his private automobile, provided said owner is not engaged in the business of air transportation. 4. Company and corporation owned aircraft that are operated for the free transportation of their and other personnel and/or products are classified as private aircraft and subject to the restrictions as listed under (2) above. 5. Club aircraft must be owned and operated by a non-profit partnership or non-profit corporation, and each club member must be a bona fide owner or a part of the aircraft or a share, in the corporation. The club may not derive greater revenue from the use of its aircraft than the amount necessary for the operation, maintenance, and replacement of its aircraft and will file and keep up to date with the Airport Manager a list of the membership. At any time the Airport Manager has reason to believe a club aircraft is being so operated that it falls under the "commercial II classification hereunder, he shall so notify such club and if they fail to remedy conditions complained of, the Airport Manager shall re-classify the aircraft and other specific conditions remedied.
Appears in 2 contracts
Sources: Ground Lease Agreement, Ground Lease Agreement