Tue 25 Dec, 2012 12:44 am
Hi Guys,
Aircraft may be stranded at airfields or left at repair shops by owners who can't pay their bills. State personal property laws govern the disposition of abandoned aircraft. Authorities can declare an aircraft abandoned if the owner cannot be found or does not respond to a notice of sale within a specified period. The state can then sell the aircraft at a public auction. You might find a great deal on an abandoned aircraft at a sheriff's auction or foreclosure sale.
Thanks a lot!
Edward Leigh
@Edward Leigh,
You may also never get a current and valid Airworthyness Certificate.