Recent content by Jon Howard

Minnesota (I believe) requires any aircraft registered in the state to carry a minimum of $1,000,000 in 3rd party liability. Utah requires aircraft owners to carry liability if basing their aircraft at a public airport. California requires all commercial aircraft operators to carry insurance...

TLDR; Thanos was right.

Absolutely. What are your terms?

Most likely this is a requirement of the reinsurance companies. Reinsurers tend to be terrified of the idea of dozens, hundreds or even thousands of aircraft falling out of the sky at the same time as a result of something like the Y2K issue. It's not so much a ploy by an insurance company to...

I think congress should demand that Boeing develop "run-dry" fuel tanks for safety reasons. :)

Aviation Insurance Resources, Falcon and HaltonHall are insurance brokers and do not control rates. This change will have no impact on the supply of insurance which is dictated by the quality/number of aviation insurance companies and aviation reinsurance companies.

I'd be willing to bet that the increased insurance costs will eat up most of the savings on the initial acquisition costs over 5-10 years.

Aircraft insurance policies are written on an agreed value basis - not an actual cash value. In theory you should be able to insure your aircraft for whatever you paid for it - even if you paid too much. The only problem comes when the market value drops and your aircraft become over-insured...

Do you know the specific declination reasons? Was it solely they would not offer coverage to Greenland or was it the combination of aircraft and Greenland? Was your pilot experience a factor? Are you planning to make the flight between May and September? A good insurance broker should be...

After the market crash in 2008 aircraft values dropped - some as much as 50%. Over the last 2 years flight schools have bene gobbling up single engine trainers. Planes like Cessna 172s have at least doubled in the last year. Other small singles have also increased in value due to the low...

It's not so much that gyros are inherently dangerous, but too many pilots fly them improperly. Probably a combination of inadequate training and hazardous attitudes.

Which reinforces my point. The world can create more pilots - but if pilot wages are not high enough to compete with other industries, those pilots won't become airline pilots.

In economics a shortage occurs when the price the consumers (airlines) are willing to pay for the commodity (pilot labor) is lower than the equilibrium price and the suppliers (pilots) decide not to sell their product (labor) on the market. If the price (salary) increases to the point that the...

The original PAL-V design was tandem seating and the vehicle was dead sexy. This version - while probably more practical - doesn't seem quite so stylish.

How so?