Greg Arnold wrote:
Do I correctly understand the AD below to mean that any Pegasus in the
US with 3000 hours cannot be flown after January 6, 2006? Certainly
would have an effect of the market value of this glider, even one with
significantly less than 3000 hours. I notice that someone put one on
the market today on the SSA site at $15,000 (it has 3300 hours), which
seems somewhat high for glider that can only be flown for the next month.

http://www.airweb.faa.gov/Regulatory...E?OpenDocument


Wow! A million dollars or so worth of gliders (51 ships times $20K
each) rendered (pun intended) nearly worthless at 3000 hours. FAA
estimates the cost per ship at $65. Instruments and various bits and
pieces will have some "scrap" value, but as ships are retired there will
be a glut of parts decreasing their value. :-(
Also, this was part of the AD:

"Comments

Was the public invited to comment? We provided the public the
opportunity to participate in developing this AD. We received no
comments on the proposal or on the determination of the cost to the
public."

I assume the reason *no one* commented, was because most owners heard
nothing??? Does the FAA notify owners of pending ADs (don't recall any
with my ship)? Perhaps the SSA should check periodically for such
things if they don't already.
Any recourse? Major Bummer if not.

Shawn