psm(at)att.net
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 Posted: Mon Nov 09, 2009 12:08 pm Post subject: The real work of the update on the CH601XL |
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Hi Mark,
As some other posters have said, I consider the current situation as
a step forward. Yes, there are some expenses to overcome. When you
are done, I expect the XL/650 to be easily insurable and after some
time easy to sell for a good price.
This all depends on the accident experience we have in the
future. If the accidents stop (particularly the structural failures)
then the Zodiac will gain the reputation it deserves. Indeed it will
probable become a "Folk Hero" as the Bonanza and Swift have. It is
ideal in many ways, and not the first leading edge airplane to
experience accident problems. Consider the history of the V-Tail
Bonanza, Yankee, Swift, Electra, and probably many others. Once the
problems are fixed the planes become popular because they are leading
edge designs. Until the accident history proves the problems have
been fixed they will have little value in the marketplace.
Insurance companies are in the business of getting paid for taking
risks. Even from the worst possible perspective, the accident rate
on the Zodiacs has been low. If the fleet of flyable planes is 1,000
or so than it is well under 1 percent of the planes that have been
involved in accidents. That is not very scary to an insurance
company - just an excuse for high premiums.
I am hopeful that the problems will soon be a thing of the past.
Paul
XL ready to order update kit.
At 11:55 AM 11/9/2009, you wrote:
| Quote: | Even assuming we do all this. will anyone write insurance for it
after? That is not at all clear.
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