Q: I have an LLC that had a single-engine aircraft. The aircraft was damaged in an incident at the beginning of the summer. The insurance company is in the process of sending me a payment for the full value of the aircraft. My flight instructor has approached me about partnering with him on another single-engine aircraft, but he needs to do a loan on the aircraft. Because of some other financial issues, I need to stay off the loan to preserve my current debt ratio.
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