MEMBER ALERT: AOPA will be closing at 1:45 p.m. Eastern on Dec. 6 and will reopen at 8:30 a.m. Eastern on Dec. 9.
June 26, 2009
By Alton K. Marsh
As airplane manufacturers look for customers, customers are searching for a way to make their airplane ownership dream come true. Both are often thwarted by the poor economy, but American Legend Aircraft thinks it has a solution through joint ownership.
The program promises that a Legend Cub can be purchased for $2,900 down and flown for $28 per hour. It is managed through the LetsFly Cooperative Ownership Program. You’ll end up with a one-quarter share of a Legend Cub and a monthly payment of $365 to $430, company officials claim.
The Legend Cub, built in Texas, is one of the top-selling light sport aircraft, and is a full-size lookalike to the famous Piper Cub.
The concept of implementing STCs on previously modified aircraft is known as "layering STCs," and doing it properly is paramount to safety.
The reopening of the government on Oct. 17 was welcomed by an aviation industry eager to get back to normal business.
The FAA's aircraft registry's closure under the government shutdown precludes aircraft deliveries and could freeze transactions affecting as many as 130 aircraft.
AOPA thanks our members for their continued support in protecting the freedom to fly.