Can a leaseback plane have more than one owner?

Sure,  But remember a couple of things:

  1. If you finance the airplane, each owner must be qualified to carry the entire loan of the airplane unless one partner agrees to be the guarantor.
  2. Only one owner is eligible for the tax incentives.
  3. With more than one owner and all of the renters, it may be difficult to find an available time to fly your airplane.

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