Originally Posted by Mike S
As I understand it, if it is your plane, and no payment is offered, you should be good to go.
More specifically.... As long as there is no compensation to you for use of the airplane
, there is no problem in doing what you want to do. Specific limitations are spelled out in the operating limitations that are part of the 8130-7 (airworthiness certificate) for E-LSA aircraft.
You could receive compensation as a flight instructor while giving training though.
The NPRM you mentioned is related to compensation for use of the aircraft (charging rental fees), and more specifically, for aircraft types were there are no SLSA examples for flight schools to use. An example would be 2 seat ultralights that were originally converted to ELSA's during the transition period, so that they were legal aircraft under the new rules.