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If you could, would you....
Up here in Canada, we have the option to move our planes into the "owner maintenance" category.
This allows the owner of an aircraft to maintain and sign out his work, and also allows the installation of parts and avionics that would only be allowed on homebuilt or experimental aircraft.
The aircraft that have moved over to "OM" have not had any noticeable decrease in value.
Your not allowed to install turbochargers, turbines, rockets, variable pitch propellers, increase the gross weight, or modify to a retractable gear, and a few other things.
It's basically a one way street though....once you've converted, it's going to stay there. Another restriction is you basically can't fly out of the country. The FAA will not allow "owner maintained" aircraft to fly in their airspace. ( For this exercise let's just forget about all those RV's flying around the US.)
I like to work on my airplane, (I pretty much do everything to it, my AME signs it out,) and have been considering moving into the "OM" category for a while......but I'm sitting on the fence, not sure if I should jump in.
If you had the opportunity to do this would you?
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Administrator
Re: If you could, would you....
I guess if it truly doesn't effect resale and you have no intention of flying into the states it might be worthwhile. I remember Jared ho use to be on this site installing experimental avionics and exhaust system and being able to do all the work himself.
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Re: If you could, would you....
I flew the 2010 ACROSS CANADA trip with a Colt in OM. Saw him several years later at AirVenture lamenting the fact he couldn’t fly the Colt to OSH.
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Re: If you could, would you....
Selling it overseas can be problematic.
An Auster that had been on OM arrived here about a year ago from Canada. The new owner got a deal, he thought, and didn't realise the implications of OM. It seemed a straight forward business to get in on the register here, until the LAME realised it was OM. Last heard, the new owner had reached about $50k of work on top of the original purchase price--and he still ends up with an Auster!
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Re: If you could, would you....
OM does indeed reduce the value on aircraft, at least in what I have observed.
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Re: If you could, would you....
OM may not reduce the value, but it reduces your potential market. If your market is only Canada, that’s fine. But I see lots of airplanes that are sold from Canada to the US. A US buyer will have a hard time getting an OM airplane certified here, so your pool of potential buyers is much smaller.
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Re: If you could, would you....
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Re: If you could, would you....
Thanks for the feedback guys....now I'm as confused as ever.
I'll probably do it, as I don't have a huge desire to fly this thing into the States, and to do that and go to the places I want to, I'd need to do the ADSB upgrade....not likely to do that.
As you were....
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