Hi, I'm fairly new, and have a question on the potential liability (if any) of past non-compliance with airworthiness directives:
The scenario: Looking to buy into a C-corp that owns a plane, the pre-buy/annual determined that a repetitive AD has not been complied with.
The question (or really, questions!): Does the FAA impose financial penalties for past non-compliance? Is it likely that they will? If so, would the C-corp be potentially liable for it or would it fall directly on the PICs based on their use of the plane? Or does the concern rest solely on the prior A&P that missed it?
Let me know what you guys think!
The scenario: Looking to buy into a C-corp that owns a plane, the pre-buy/annual determined that a repetitive AD has not been complied with.
The question (or really, questions!): Does the FAA impose financial penalties for past non-compliance? Is it likely that they will? If so, would the C-corp be potentially liable for it or would it fall directly on the PICs based on their use of the plane? Or does the concern rest solely on the prior A&P that missed it?
Let me know what you guys think!