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What kind of flying am I limited to as a certificated pilot flying under the sport pilot privilege?

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What kind of flying am I limited to as a certificated pilot flying under the sport pilot privilege?

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A pilot who is exercising sport pilot privileges may share the operating expenses of a flight with a passenger, provided the expenses involve only fuel, oil, airport expenses, or aircraft rental fees. A sport pilot must pay at least half the operating expenses of the flight.

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