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September 27, 2014

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"...Airworthiness Directives that they received requiring corrective action...."

Some would be surprised at how hard it is to get compliance with Airworthiness Directives by owners. The "fix" was at the expense of the Little Airplane Company (on some critical "fixes", special teams of mechanics were sent on-the-road to effect them at Little Airplane Company Service Centers around the world); but, of course, taking an aircraft out of service for "fixing" is not trivial. For those aircraft owned/operated outside of the US and its territories, we worked with foreign aviation certification agencies which was sometimes not as effective as working with the FAA in getting compliance with Airworthiness Directives.

The technicalities of this are beyond me, but I do know that if aviation were regulated the way banks are, planes would be falling out of the sky every day.

Another way of thinking about it is: If banks were as trust-worthy as airplane manufacturers (at least in my day), we would be much better off financially! Of course, if we killed off our customers, it would have been bad for business!

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