StraightnLevel
Cleared for Takeoff
- Joined
- Dec 8, 2023
- Messages
- 1,161
- Location
- Houston & SE Wisconsin
- Display Name
- StraightnLevel
- Home Airfield
- T41, KETB
I think that he's assuming that some of those "marginal" airframes would just rot away at their tie-downs, due to the cost of maintenance exceeding the value of the plane.I'm confused. I'm not sure how the market would get smaller. The airplane still exists, there are still the same number of owners. Just not the same owners.
(but, yes, economics isn't quite as simple as we wish it was)
We see that today with a lot of older GA planes, where the cost to bring them up to current standards being higher than the market price of a "restored" example. I'll put probably $150K into my J35 with paint, interior, and a partial avionics upgrade; added to the original acquisition cost, I'll be unable to ever recoup my "investment". If the price to do that work goes up by 20%, I would be even further upside-down. Now, over time the prices would adjust to account for the higher costs, but there certainly would be some "lost" planes in addition to the owners who give up.
That said, expecting a trained, certified A&P/IA to work for less than the pay of a fast food shop manager seems wrong to me, particularly when our lives are literally in their hands.

