Air Operations for GA

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May a European NCC or NCO opertator use third-country registered aircraft?

Why are non-commercial operations treated in two parts, i.e. Part NCC (Non-commercial with complex) motor-powered aircraft and Part NCO (Non-commercial with other-than-complex) motor-powered aircraft?

What does Part-NCO mean for GA pilots? Can I share flying costs between my friends, are there restrictions covering carrying dangerous goods in GA flights, when do I need to use supplemental oxygen and can I perform special operations (e.g. aerial advertisement).