"The Zulu is the company's best headset ever ... . Lightspeed has knocked the competition out of the park." Ian J. Twombly, AOPA Pilot
Associate Editor
Zulu sets a new standard in ANR performance, comfort, and audio quality. Includes built-in BlueTooth for your cell phone, not available on any other headset. See why more pilots are Zuluing.
Click here for more
information or to order!
Progress on reducing runway incursions is impeded by a lack of leadership in the FAA as well as technology challenges, a
Congressional committee was told by Gerald Dillingham, of the Government Accountability Office, on Wednesday. Dillingham's report also cited NTSB concerns about air traffic controller fatigue, which
may result from regularly working overtime. The House Subcommittee on Aviation convened the hearing
to discuss how runway safety can be improved. AOPA President Phil Boyer said his group will commit to expanding programs to educate pilots in 2008, but the FAA also needs to do more to make runway
safety "a national priority." The FAA said it is expediting its certification process to get better equipment into cockpits faster. "We are actively working on an application from Jeppesen [for a GPS
moving-map system], and we expect they will complete certification soon," the FAA said in a fact sheet
released on Tuesday.
The Congressional panel also heard testimony from spokesmen for the NTSB, NATCA, the Air Line Pilots Association, Honeywell, and airport advocacy groups. The FAA's Hank Krakowski, chief operating
officer of the Air Traffic Organization, said the agency will create a new Runway Council Working Group to identify and address the issues.
Piston single sales continue to buck the trend in a generally robust general aviation industry. The General Aviation
Manufacturers Association released its annual statistics (PDF) on aircraft deliveries, and piston
aircraft sales were down slightly at 2,675, compared to 2,755 in 2006. Business jets simply blew away other sectors in all aspects. "Aside from the record set for year-end billings, the industry also
experienced an all-time high in business jet shipments, delivering over 1,000 units for the first time in history," GAMA reported. In fact, business jets accounted for more than 25 percent of the
impressive total of 4,272 aircraft sold in 2007, with 1,186 delivered. The business jet tally was up 28.4 percent over 2006's total of 886. Turboprop numbers were also up at 459 compared to 412 last
year.
Cessna sold a total of 807 piston aircraft (including one each of the Columbia derived 350 and 400 models). The 172 accounted for almost half of the piston sales at 373 but the 182 wasn't far
behind at 301. Cirrus sold 710 aircraft and its SR22 was by far the most popular aircraft model with 588 deliveries. On the business jet front Cessna delivered a total of 388. The most popular was the
XLS (82), followed by the CJ3 (78). Cessna shipped 45 entry-level Mustangs in 2007, a number that will go up considerably this year as production ramps up in Independence. Cessna sold by far the most
airplanes, a total of 1,274 piston, turboprop and jet aircraft. But the $3.9 billion derived from those sales was far behind the money leader. Bombardier's 226 deliveries were worth $5.2 billion.
Gulfstream, with 136 deliveries, collected $4.8 billion. Hawker Beechcraft sold 351 aircraft, most of them jets and King Airs, and took in revenue of almost $1.9 billion.
Announcing the Online MBA for Aviation Professionals from Daniel Webster College
Did you know that professionals with an MBA earn an average of $10,000 to $30,000 more per year? Within 27 months, you can be one of them!
Daniel Webster College MBA for Aviation Professionals is a fully-accredited, 100%-online program built for the busy schedule of the aviation professional. Being "on the road" is no
longer a barrier to career advancement. Call (866) 458-7525 or
click here for more
information.
There appears to be little optimism among aviation industry leaders that Adam Aircraft will be resurrected. Sources
speaking on condition of anonymity have told AVweb that the prevailing opinion is that the company will fold. Adam officials are expected to reach a decision on the future by the end of this week
after suspending operations on Monday. Hours after being sent home, employees gathered JD's Bait Shop Sports Grill were relatively upbeat. According to the Denver Post, rather than crying in their beers, the 20 or so Adam employees there expressed hope that someone with money will
see the company they way they do. "We're all here tonight because we love this company," quality control worker Ray Romero told the Post. "We want to be there, but there's no money. We're a privately
funded company. We have a beautiful product." About 500 remaining workers got the word after lunch on Monday that Adam had failed to raise the $100 million it needs to get the A700 jet certified and
in production and to ramp up production of the already-certified A500 piston twin. Adam spokeswoman Shelly Simi also held out hope that funding could be found. "It's a very dynamic situation. We are
looking at alternatives," she told AVwebBiz in a phone interview. A final decision on the fate of the company is expected within a week.
In a news release, Adam said it was forced to close the doors "due to the inability of the company to come to terms with their lender for funding necessary to maintain business operations." The
news release doesn't identify the lender but previous rounds of financing, totaling almost $300 million, have included such major investment houses as Goldman, Sachs and Co. and Hunt Growth Capital as
participants. In January, Adam announced that it needed $30.5 million in interim financing to allow its current financial partner, Citibank, the time to find the $75 million to $150 million it needed
to get into production and start selling against a backlog of orders the company estimated to be worth $1 billion, according to some reports. In a letter to shareholders leaked to the media in late
January, CEO John Wolf said that if the company didn't have the $30.5 million by the end of January, the company was likely doomed.
As little as a week ago, company officials were claiming that the search for funding was continuing and that production of the fifth A700 jet was under way. The jet has not achieved FAA
certification but the A500 push/pull piston twin has. Adam has reportedly sold 17 of the piston aircraft and delivered seven. Meanwhile, the city of Pueblo, Colo., didn't wait for Monday's
announcement to demand $2 million in incentives it says should be returned. The city says Adam promised to create 448 jobs and actually created about 90, most of which disappeared in a round of
layoffs and plant consolidations in January. The city of Pueblo has placed liens against Adam's equipment in the city-owned buildings that were part of the incentive package.
As many as 2,700 students paid about $70,000 each for the proposed 18-month training program, which many never completed. Peter C. Lown, an aviation attorney from Jonesboro, Ga., told AVweb
that last weekend he met with about 150 potential plaintiffs in Arizona and plans to meet with a similar group in Georgia this weekend. He plans to file suits against Silver States founder Jerry
Airola and, possibly, the banks that lent students money. "One of the problems is that many of these people dont know what kind of loan they have," Lown said. As of Wednesday afternoon, Student
Loan XPress, the primary originator of student loans to Silver State students, had not filed a claim with the bankruptcy court and did not respond to repeated requests by AVweb for information
about the number and type of outstanding loans made to Silver State students. It is not known how many of the loans were private loans and how many, if any, were federally guaranteed, but Lown told
AVweb that some of the people hes spoken with were paying 17 percent interest or more.
While the bankruptcy trustee spends the coming months poring through thousands of claims (it has a special hotline established just for this case), former students and employees are posting to
message boards and telling AVweb that signs of the companys impending demise began to surface in October 2007.
Jimmie "Tri" Evans was the first student enrolled at the Houston location when it opened in 2006. He told AVweb that around the time that he earned his instructors certificate last
fall, rumors began to spread internally that the company was in trouble. "Some people had started to get the indication that it might be occurring, then we were sent e-mails that it was just a rumor,
and not to worry," he said. Evans said that at one point the Houston school had 60 students and just one helicopter that had to be ferried 130 miles away to Silver States New Braunfels, Texas,
location for maintenance. "We couldnt fit everybody into the helicopters we had. I remember flying until midnight or at four in the morning because thats when they had a helicopter," Evans
said.
Aircraft Spruce Is a Proud Sponsor of the WAA Northwest Aviation Conference & Trade Show
Come join Aircraft Spruce in Puyallup, Washington at booths 625, 627 and 629 on February 23 (9am-5pm) and February 24 (10am-4pm). Help celebrate the 25th anniversary of this important aviation
event. Take advantage of some of your favorite products on sale, a helpful Aircraft Spruce staff on site to answer any questions, and complimentary ground shipping (does not apply to hazardous
and oversize products), and a helpful staff to answer any questions. Call Aircraft Spruce at 1-877-4-SPRUCE or
visit online.
The FAA is presenting its 2007 Excellence in
Aviation Research Awards to Professor Ian Waitz at the Massachusetts Institute of Technology and to a U.S. Air Force fuel research team. "Aviation needs to continue to get greener," said FAA
spokesman Dan Elwell. "Dr. Waitz and the Air Force team are taking the steps to put a big dent in aviations environmental footprint. Their work is going to make a difference across the face of
our entire planet." Waitz and his research team are working on ways to reduce air and noise pollution from aviation. The U.S. Air Force team has developed a synthetic fuel blend for the B-52 fleet.
The blended fuel has less exhaust smoke and fewer particulate emissions than standard fuel.
The synthetic fuel is not only cleaner, but could potentially save millions of dollars and reduce dependence on foreign sources of oil, the FAA said. This is the 10th year that the Excellence in
Aviation Research Award has been presented. The awards are given to individuals and/or institutions outside the FAA whose research contributions have resulted in a significantly safer, more efficient
national airspace system.
Hawker Beechcraft Corporation announced on
Tuesday that the FAA has awarded type certification to its newest aircraft, the light-midsize Hawker 750.
The Hawker 750 has the same fuselage and wings as the midsize Hawker 800 series, providing the largest cabin in the light-midsize aircraft segment, the company says. The new model aims to reach new
customers for the company, and is already sold out through 2010. "This aircraft has the perfect combination of reliability and operating efficiency, while incorporating a large luxurious cabin with
internal and external baggage areas," said Brad Hatt, president, Commercial Aircraft. The 750, which can carry up to eight passengers, has a 2,116-nm NBAA IFR range.
It will be driven by two Honeywell TFE731-5BR engines. Prices start at $12.2 million.
Precise Flight's High-Intensity Discharge Landing & Taxi Light Systems ...
... Are the brightest illumination available. The stellar combination of increased light output, reduced power consumption, superior lamp life, and brilliant light quality are a few of the major
benefits of HID lighting. The PreciseLite HID landing light, approved for Cessna and Piper models, is now approved for Beechcraft Bonanzas with cowl-mounted lights replacing the existing cowl
lamp and available in 12 and 24 volts.
Click here for
additional information.
How will operators use the advanced weather information and tools promised by the Next Generation Air Transportation
System (NextGen)? The Joint Planning and Development Office (JPDO) hosted a conference in Washington, D.C., this week to collect ideas
on the matter from various government and industry subject matter experts. More than 200 people attended.
Were living in a system where we operate at capacity or where weather forces demand to exceed capacity, said Ken Leonard, director of the FAAs Aviation Weather Office.
Weather accounts for 70 percent of all flight delays now, he said, but with improved coordination and dissemination of weather data among pilots and air traffic controllers that number could be
slashed.
The NextGen concept envisions a system where aircraft are electronically networked, sharing data with each other and with air traffic control in a carefully orchestrated dance. But today,
everybodys out there in bad weather doing their own thing, and honestly that doesnt work, said Kirk Shaffer, FAA associate administrator for airports. Jim May, president of the
Air Transport Association, said that airlines are spending more than $1 billion a year dealing with weather delays. Phil Boyer, president of the Aircraft Owners and Pilots Association, said that while
many general aviation aircraft are far better equipped to receive and display weather information than some airliners, affordability is key when it comes to delivering on the promises of
NextGen.
Two power-boosting changes for Mooney aircraft by Midwest Modifications have
been granted STC (Supplemental Type Certificate) approval from the FAA, the company announced on Tuesday. One STC allows the company to modify the 280-hp turbocharged engine of the Mooney Acclaim to
increase the maximum power to 310 hp. With this change, Midwest says, the Mooney Acclaim and Acclaim Type S versions will take off with a shorter roll, climb at a higher rate and reach top speed
faster. Midwest Modifications also won FAA approval to install the Hartzell composite propeller for three Mooney models -- M20R, S, and TN. The composite propeller is about 16 pounds lighter than the
metal prop and offers a boost in climb performance, the company said.
Midwest Modifications is located in Flora, Ill.
Download No-Cost Runway Flash Cards Now!
Landing a plane is tough. Flying into unfamiliar runways makes it even tougher and more dangerous. Ensure you and your crew's safety by downloading these no-cost flash cards today. Each of
the 23 flash cards displays an airport sign or pavement marking as well as the required pilot action. Use them as quick reference before your departure or during your flight.
Download the
Runway Safety Flash Cards now
The National Aviation Hall of Fame will host the First Annual Reel Stuff Film Festival of Aviation on April 24-26 in Dayton,
Ohio. The series of eight classic and contemporary Hollywood productions and documentary films will celebrate aviation history and the passion for flight. Each movie will be introduced by an actor,
producer, aerial coordinator or cinematographer associated with its production, and an audience question-and-answer session will follow. Actor Cliff Robertson will introduce the 1964 drama "633
Squadron," and aviator Clay Lacy will introduce the 1986 hit "Top Gun" and the 2005 IMAX film "Fighter Pilot: Operation Red Flag." Lacy was a pioneer in developing the air-to-air cinematic techniques
used in both films.
The other films will be the classics "Battle Hymn" and "Battle of Britain," and the documentaries "One Six Right," "Pancho Barnes!" and "Speed and Angels." A schedule of Reel Stuff showtimes and
locations, ticket prices (about $10 per film), packages, presenters' bios, hotels, and other details can be found online.
Our best stories start with you. If you've heard something that 130,000 pilots might want to know about, tell us. Submit news
tips via email to newstips@avweb.com. You're a part of our team ... often, the best part.
Current and Former Aircraft Owners! What Could You Do With $200?
Take a few minutes to answer questions, and you will be entered into a drawing for one of three $200 prizes. This online survey is being conducted by Research Boston Corporation for an
aviation client. All responses are confidential, and you will NOT be contacted. All qualified respondents completing the survey will be entered into a drawing in which three lucky people will
win cash prizes of $200 each.
Go online to
enter.
National Business Aviation Association President Ed Bolen opened the third Asian Business Association Conference and
Exhibition today in Hong Kong by telling delegates the economic growth in the region makes aviation a natural partner for success. "There is no doubt that the future is bright for business aviation in
Asia. China, in particular, as one of the fastest growing economies in the world and fueled by the 2008 Beijing Olympic Games brings exciting opportunities for business aviation growth," he told the
opening session.
Attendees and exhibitors are shivering in an unseasonably cold Hong Kong for the show. ABACE is smaller than last year, but is demonstrating that it still has value for manufacturers and regional
operators. About 50 exhibitors and 800 registered attendees have flown in from all over the world and there is obviously brisk business afoot, with customer demonstrations and tours going on all
day.
National Business Aviation Association President Ed Bolen opened the third Asian Business Association Conference and Exhibition today in Hong Kong by telling delegates the economic growth in the
region makes aviation a natural partner for success.
"There is no doubt that the future is bright for business aviation in Asia. China, in particular, as one of the fastest growing economies in the world and fueled by the 2008 Beijing Olympic Games
brings exciting opportunities for business aviation growth," he told the opening session.
Attendees and exhibitors are shivering in an unseasonably cold Hong Kong for the show. ABACE is smaller than last year, but is demonstrating that it still has value for manufacturers and regional
operators. About 50 exhibitors and 800 registered attendees have flown in from all over the world and there is obviously brisk business afoot, with customer demonstrations and tours going on all day.
Officially there are 11 aircraft on display on the static, although there are several others out on the apron. Bombardier's offerings include a Global Express, a Challenger 605, and a Challenger 300.
Cessna has brought a Citation Sovereign. Dassault has a Falcon 900EX. Eclipse is here with its EA500, whilst Embraer is showing a Legacy 600. Gulfstream has a G550, G450, and G150 and Hawker
Beechcraft Corporation is showing a Hawker 950XP.
Airbus has announced new sales into region, including a second A350 XWB Prestige to an undisclosed Asian customer. It also announced an ACJ Prestige order, again to an unnamed customer, due to be
managed by Hong Kong based BAA Jet Management, which manages aircraft in both Hong Kong and Mainland China. This is the third ACJ on the company's books. BAA also announced that it will take delivery
of a second Gulfstream G200, and two Dassault Falcon 900EX EASy jets, bringing its managed Dassault fleet up to four. And in news that will please Gulfstream operators throughout the region, another
Hong Kong-based company, MetroJet, announced that it has been upgraded to a full Gulfstream authorized repair facility, meaning it can offer both regular line maintenance and heavy checks. MetroJet
now carries an inventory of $9 million on-site spares at its facility at Hong Kong's Business Aviation Centre at Chep Lap Kok airport.
In other news, Hawker Pacific is due to open China's first FBO in Shanghai later this year and the inaugural 2008 Taipei International Business Aviation Forum will take place at Shongsham Downtown
Airport between May 29-31. There will be an indoor exhbition as well as a static display and seminars. Said organizer Shaun Huang, Adviser to the Chinese Aviation and Space Industry Development
Association: "This is aimed at being both educational and promotional. We are trying to make it a breakthrough event and get jets from China to come over to Taiwan."
That ABACE is here at all is thanks to the efforts of the Asian Business Aviation Association (AsBAA), a group of companies committed to developing business aviation in one of the toughest
international markets to crack. The association held its annual general meeting yesterday, which focused on the need for the industry to speak with a common voice. Speaking at ABACE's opening general
session today, AsBAA Chairman Chuck Woods announced that the association is restructuring "with the target of raising awareness of what business aviation is about."
Customer desire for private aviation is here, but educating Asian officialdom is a daily battle. Operators have to deal with issues unthinkable in the U.S. or Europe. Woods said that every state
treats business aviation as "a second-class citizen." For example, it can take two days to book a landing slot in Tokyo; ten days for permission to fly to Myanmar and foreign crews in China are given
visas for a maximum of four days at a time.
On the plus side, the Taiwanese government has recently relaxed restrictions, there are incentives for operators in Singapore to develop their activities and China has promised to add 33 new airports
by 2010. Woods also pointed out that China has a robust economy and businesses have an increasing need for international trips including high-level corporate travel. There is a new affluence in the
region, particularly in Macau, which is fast becoming the Las Vegas of the East and there is a strong wish for luxury private leisure travel.
At the moment there are fewer than 500 turbo-powered aircraft in Asia, not including Australasia and India. However, this is partly due to availability as prospective owners join the rest of the world
and queue for slots. The mood on site is bullish, despite the cold and according to Woods "there is only one way to go and that's up."
// -->
Aircraft Loans to Fit Your Needs AirFleet Capital offers a competitive and experienced approach to each and every loan program by focusing exclusively on aircraft financing. We provide exceptional terms coupled with personal
service and a long-term commitment to support the business and shared passion of aviation. From Light Sport Aircraft to VLJs and Business Jets, AirFleet has a loan program to fit your needs.
Call an AirFleet Capital financing specialist at (800) 390-4324, or
request a quote
online.
Recounting one of the most impressive feats in recent aviation history, AVweb video editor Glenn Pew recalls the circumstances of the DHL A300 shot by a surface-to-air missile over Baghdad. The crew successfully landed the aircraft without the ability to manipulate any
control surfaces. (Note: The aircraft shown in simulation is a Boeing 777, not an Airbus A300.)
Don't see a video screen?
Try disabling ad blockers and refreshing this page.
If that doesn't work, click here to download the video directly.
It's important to carry enough liability insurance to protect your net worth. When it comes to hull insurance, however, having too much is almost as bad as having too little.
Bob, the owner of a Cessna 172RG, found himself in an unexpected predicament. Seems he had an unfortunate gear-up landing. The airplane suffered only
minimal damage, largely limited to minor belly damage and the outer four inches of the prop tips curled back. The engine had only about 100 hours SMOH at the time of the incident. Surely, all of this
would be covered by insurance.
Unfortunately, Bob was about to learn a painful lesson about hull insurance. He recently told me his story:
"When I bought the $60,000 hull-insurance policy, I didn't read the fine print that said $60,000 wasn't really available to fix the airplane in the event of a mishap. The actual amount
available is the $60,000 policy limit minus the salvage value. The insurance company claims that they can get about $15,000 for the airplane for salvage, which only leaves me with about $45,000
to get the airplane fixed.
"Now here's the rub: The repair shop has given a flat-rate bid of $41,000 plus tax to repair the airframe and do the requisite post-prop-strike engine-teardown inspection. However, the bid explicitly
excludes the cost of any necessary engine repairs beyond replacement of routine parts (rings, bearings, gaskets, etc.). Mattituck [an engine
overhaul company] tells me that if the teardown inspection reveals the crankshaft or crankcase (or both) is damaged, the additional cost to repair could wind up being tens of thousands of dollars.
"Looking at the risk equation: In the best-case scenario, the repair cost is $41,000 plus tax and the insurance will cover it (just barely). In the worst-case scenario (if the case and crank are bad),
I could wind up being out of pocket as much as $20,000, which would be painful. Alternatively, I could let the insurance company take the airplane, accept the $60,000 payout, and move on. But the
airplane is only minimally damaged, and losing it under these circumstances would also be painful. What should I do?"
I discussed the various options with Bob. I pointed out that, should he opt to have the aircraft repaired, even in the best-case scenario he would wind up with an aircraft that had substantial damage
history and impaired resale value, and in the worst-case scenario he'd wind up having a lot more invested than the aircraft was worth.
I suggested that, setting aside his emotional attachment to the machine, the most logical course of action might well be to take the $60,000 and go shopping for another airplane. (A look at Aircraft Shopper Online revealed that 1980 Cessna 172RGs have asking prices between $50,000 and $70,000.) I also suggested that, if Bob decides to repair
the airplane, he might do better working with a smaller engine shop that specializes in prop-strike teardown inspections rather than with a big shop like Mattituck, and I offered him a couple of
referrals.
Twin Perils
Bob's predicament reminded me of my recent phone conversation with Frank, a good friend who owns a Cessna T310R like mine. Frank flies it about 250 hours a year on business. Frank's 1978 T310R is a
gorgeous machine, with low-time RAM engines and props, recent paint and interior, and a panel full of glass that leaves me drooling in envy.
In the course of a wide-ranging chat about flying and airplanes, our conversation turned to aircraft insurance. Frank and I compared notes on what insurance agencies we each used, who underwrote our
policies, and what annual premiums we were paying. Frank's premiums were nearly double what I was paying. As we pursued the matter further, Frank revealed that he was carrying nearly $300,000 worth of
hull insurance on his airplane.
"Wow, that seems like an awful lot of hull coverage," I said. "Have you looked at Trade-A-Plane recently? The piston GA market is really
depressed right now, and that goes double for piston twins. I bet the current fair market value of your T310R isn't anywhere close to $300,000. I bet it's well under $200,000."
Frank admitted that he hadn't been paying much attention to the market lately, and that it was quite likely that his airplane wouldn't fetch anywhere near $300,000 if he tried to sell it now. "But, if
I wrecked my airplane, I bet it would take at least $300,000 to buy a replacement and get it equipped and refurbished to match what I'm flying now."
More Might Be Worse
I explained to my friend the perils of buying too much hull coverage.
"Frank, if you overinsure your hull for $300,000 coverage limits and then you have an accident that seriously trashes the airplane, you've got a real problem. Rather than declaring your airplane a
total loss and handing you a check for $300,000, the insurance company could very well decide to reimburse you for $175,000 in repairs. That could mean that you might be flying the airlines for six to
12 months while your aircraft is being extensively rebuilt, and in the end you'd wind up owning an aircraft with extensive damage history and impaired resale value. This is probably not the outcome
you want."
At the same time, underinsuring the hull is also perilous. If Frank insured his hull for $130,000 and then made a gear-up landing that did only minimal damage to the airframe, the insurance company
would probably declare the aircraft a total loss and hand Frank a check for $130,000. The company would then take possession of the Frank's T310R, pay for a pair of props and teardown inspections and
some minor airframe repairs, and then sell the airplane to someone else for perhaps $175,000. Again, this is probably not the optimum result for Frank.
As a general rule of thumb, if you have an aircraft accident and the estimated cost to repair exceeds 75 to 85 percent of your hull insurance policy limit (sometimes called "stated value"), the
company will declare the aircraft to be a total loss, take possession of the wreck, and pay you the coverage limit (less any deductibles). The insurance company will then try to obtain whatever value
they can from the wreck, either by selling it to a salvage yard or by having it repaired and selling it on the market. On the other hand, if the estimated cost to repair is less than 75 to 85 percent
of your policy limit, the insurance company will let you keep your aircraft and pay for the repairs.
The moral here is always to insure your aircraft for precisely what it's worth -- i.e., its current fair market value -- and not more nor less.
What's It Worth?
Consequently, it's prudent to reevaluate the fair market value of your airplane annually prior to renewing your aircraft insurance policy. Your hull coverage limits should be adjusted up or down each
year as necessary to reflect the realities of the market.
For this purpose, many aircraft owners utilize AOPA's online Aircraft Valuation Service provided by Vref at no cost to AOPA members.
However, be aware that the Vref valuations are notorious for being overoptimistic, sometimes shockingly so. Generally, Vref valuations can be used as asking prices, but the actual prices at which
aircraft change hands is usually substantially less. Not surprisingly, if you use a Vref valuation to establish how much hull coverage you buy each year, you're quite likely to be overinsured.
There's a better way. Every year, a few weeks before my aircraft insurance comes up for renewal, I purchase a QuickQuote valuation report from Bill Hemmel's Aeroprice service. For just $15.95 for singles and $19.95 for twins, you get an extremely complete valuation of your
aircraft, performed by an actual human being and taking many more variables into account than any computer-generated service. The QuickQuote report is emailed to you the next business day. In my view,
it's one of the best bargains in aviation.
I get a QuickQuote each November just prior to renewing my insurance. Last November, for example, I discovered the fair market value of my airplane had declined from $185,000 to $165,000 due to very
soft market conditions. When I renewed my policy, I lowered the hull limits accordingly, saving me about $500/year in premiums. If the twin market rebounds in a year or two -- or if my hull value
increases because I finally bite the bullet and overhaul my 800-hours-past-TBO engines -- I'll raise my coverage accordingly.
Liability Limits
In addition to hull coverage, your aircraft policy insures you for liability in case you hurt someone or something while operating your aircraft. The liability coverage pays for a lawyer to defend you
(or your estate) in the ensuing civil litigation; and if the plaintiffs prevail, it will pay them damages up to the policy coverage limits.
The overwhelming majority of aircraft owners purchase $1 million of liability coverage. That's because it's generally accepted that anything less than $1 million is simply not sufficient to protect
against air-crash litigation, and more than $1 million is extremely difficult to get in today's ultra-tight aviation insurance market. (And if you can get it, it's painfully expensive).
However, not all $1 million liability policies are created equal. Some offer $1 million "combined single limit" coverage (colloquially known as "smooth"), while other policies include per-person or
per-seat sublimits -- often $100,000 per person or $100,000 per seat.
There's a huge difference between "smooth" and sublimit coverage. If you crash and your sole passenger sustains severe injuries, a smooth policy will pay up to a million bucks to cover his damages,
while a sublimits policy will pay only 10% of that amount.
Not worried because you never fly with anyone but family and close friends in your airplane? Think again. If you and your sibling or closest friend die in a crash, you can bet that your passenger's
widow will hire the most aggressive personal-injury lawyer she can find to sue your estate and make sure your widow winds up with as little as possible.
Sublimit coverage might be OK if you always fly solo or if you have minimal assets, but most aircraft owners don't fall into that category. For most of us, smooth liability coverage is a must -- and
it's becoming more and more difficult to find. Some underwriters refuse to write anything but sublimit liability coverage, and others will renew smooth coverage for existing customers but won't offer
it to new applicants.
See you next month.
Want to read more from Mike Busch? Check out the rest of his Savvy Aviator columns.
And use this link to send questions to Mike.
// -->
Over 16,000 Happy GAMIjectors® Customers Can't Be Wrong! GAMIjectors® have given these aircraft owners reduced peak cylinder head temperatures, reduced fuel consumption, and smoother engine operation. GAMIjectors® alter the fuel/air
ratio in each cylinder so that each cylinder operates with a much more uniform fuel/air ratio than occurs with any other factory set of injectors. To speak to a GAMI engineer, call (888)
FLY-GAMI, or
go online for complete
engineering details.
AVweb's "FBO of the Week" ribbon goes to the FBO at North Las Vegas Airport (VGT) in Las Vegas, Nevada.
AVweb's own Mike Busch has nominated these folks before, pointing out that "the same customer service people have been working there for as long as I can remember (zero turnover), so they
really know what they're doing." In addition, Mike tells us, "The facility is very nice, and the avgas prices are always extremely competitive (particularly at the self-serve island close to the GA
terminal). There's a regular shuttle service that runs between the GA terminal and the hotels on the Strip."
So why is Mike so eager to have us make VGT's FBO our "FBO of the Week"? Well, there's this:
About my only complaint is that there's a restaurant up on the second floor of the terminal building with a lovely view of the airport, but they seem to have a hard time keeping it open. It has
changed hands a number of times and keeps going out of business, which is a bummer. Maybe if VGT [is] the "FBO of the Week," it'll get so much new business that they can keep the restaurant open!
One can only hope! Congrats to the folks at VGT for running such a tight operation. (Mike, bring us back a hamburger.)
Last week, we asked which of general aviation's twin boogeymen was most likely to ground you user fees or skyrocketing fuel prices.
While fuel prices continue to be a thorn in the side to those of us who fly for fun, user fees garnered 57% of the vote this week.
For the complete breakdown of reader answers, click here. (You may be asked to register and answer, if you haven't already participated in this poll.)
THIS WEEK'S QUESTION ***
Following Adam Aircraft's decision to suspend operations on Monday, there have been quite a few
long faces among fans of very light jets. Do you think Adam will be resurrected?
Have an idea for a new "Question of the Week"? Send your suggestions to
.
NOTE: This address is
only for suggested "QOTW" questions, and not for "QOTW" answers or comments.
Use this form to send
"QOTW" comments to our AVmail Editor.
Our sister publication, Aviation Consumer, is preparing a report on interior shops. If you recently had an interior redone, the editors would like to hear from you, whether the experience was
good or bad.
The results will appear in a future issue of Aviation Consumer. For subscription information, click here.
Understanding Your Airplane's Mechanics Could Save Your Bank Account Light Plane Maintenance is the monthly magazine for aircraft owners who aren't satisfied with just flying. Aircraft repair can be simple when explained in concise, step-by-step details.
If you want to truly learn about the workings of your airplane (and save a few dollars, too), Light Plane Maintenance is for you.
Order online today and
receive LPM's 40 Top Maintenance Tips as a gift.
Each week, we go through dozens (and sometimes hundreds) of reader-submitted photos and pick the very best to share with you on Thursday mornings. The top photos are featured
on AVweb's home page, and one photo that stands above the others is awarded an AVweb baseball cap as our "Picture of the Week." Want to see your
photo on AVweb.com? Click here to submit it to our weekly contest.
*** THIS WEEK'S WINNERS ***
The number of submissions to our weekly photo contest may have crept up again this week but the quality skyrocketed! With so many gorgeous photos in our submission box, we're
jumping straight to the goods. (Watch for an extra-large batch of bonus pics in this week's slideshow on our home page.)
With a scene so evocative we can hardly believe it was taken "in the backyard of a client's house," Justin Heitman of Airlie Beach, Queensland
(Australia) claims the top spot today. Justin and crew were "on the way to a helicopter safari with 11 helicopters traveling through Tasmania" when he snapped this on his Nikon.
Simply gorgeous. Thanks for the image, Justin! Naturally, we'll be sending out a sharp new baseball cap emblazoned with the AVweb logo. Maybe it'll bring you a little slice
of serenity in return. (We can only hope!)
Chris Zavatson of Woodland, California hung around a bit after the air show at Nellis Air Force Base and was rewarded with the peaceful majesty that can only be
found when things quiet down after a show.
You don't need to remind us of that fact, Leonard Duncil of Titusville, Florida! We've already made our
hotel reservations, started registering for press passes, and trying to remember where we packed away our short pants! We'll see you (and these Iron Eagles you were so kind to snap) in just a
few weeks, friend!
A quick note for submitters: If you've got several
photos that you feel are "POTW" material, your best bet is to submit
them one-a-week! That gives your photos a greater chance of seeing
print on AVweb, and it makes the selection process a little easier on
us, too. ;)
A Reminder About Copyrights: Please take a moment to consider the
source of your image before submitting to our "Picture of the Week" contest.
If you did not take the photo yourself, ask yourself if you are indeed
authorized to release publication rights to AVweb. If you're uncertain,
consult the
POTW
Rules or
or
send us an e-mail.
HAVE YOU SIGNED UP yet for AVweb's NO-COST weekly business aviation newsletter, AVwebBiz? Reporting on breaking news,
Business AVflash focuses on the companies, the products and the industry leaders that make headlines in the business aviation industry. Business AVflash is a must read. Sign up today at http://www.avweb.com/profile/.
AVwebFlash is a weekly summary of the latest news, articles, products, features, and events featured on AVweb, the internet's aviation magazine and news service.
The AVwebFlash team is:
Publisher Timothy Cole
Editorial Director, Aviation Publications Paul Bertorelli
Editor-in-Chief Russ Niles
Managing Editor Meredith Saini
Contributing Editors Mary Grady Glenn Pew
Features Editor Kevin Lane-Cummings
Click here to send a letter to the
editor. (Please let us know if your letter is not intended for publication.)
Comments or questions about the news should be sent here.
Have a product or service to advertise on AVweb? A question on marketing? Send it to AVweb's sales team.
If you're having trouble reading this newsletter in its HTML-rich format (or if you'd prefer a lighter, simpler format for your PDA or handheld device), there's also a text-only
version of AVwebFlash. For complete instructions on making the switch, click here.