I am sorry Mark, but I am afraid that this is all only an illusion of smoke and mirrors on behalf of EAA and AOPA.
Awe Bill, I think your pessimism has clouded your mirror.
At least let a guy dream a little will ya.
I really would love to do just that, Ron. But, if Mark is looking to get the maximum dollar for his 150, I believe that we need to be realistic and face the facts. Presently prices are still falling on our 150's. Just a few years back you would need to pay right around $20,000 for a decent 150. Now you will find numerous airplanes down into the mid teens, or lower. Presently there are now 7 non-project 150's on Barnstormers alone for $15,000 and under. And I do not believe there will be a turn around in this economy just within the next few years.
The FAA opened up a whole new class of aircraft with Light Sport. Manufacturers have spent upwards of hundreds of thousands of dollars each in designing and developing aircraft to qualify for this market. What is the primary caveat of going LSA? Doing away with that third class medical requirement. And of the pilots selling their current aircraft to go LSA, what is their primary reason for doing so? Again, to do away with that third class medical requirement. What will happen if the FAA takes away that caveat from the LSA market? I believe the answer is quite obvious. And thus the reason I believe it will never happen.
No Ron, I am not being a pessimist. Just realistic.
Bill
Grants Pass, Oregon
