I had lunch yesterday with a group of knowledgable and experienced RV builders. I brought up the subject of selling versus parting out an aircraft.
The general conclusion was that if you de-register you aircraft by either:
1) Selling the aircraft overseas.
2) Removing the engine/propeller and selling the "parts" to different parties ,
... the liability is removed.
I wanted to open up the question to the collective knowledge of the RV community and ask if anyone has anything to add to this discussion or has had (or knows of someone who has had) experience in this area.
Thanks,
Bob
The general conclusion was that if you de-register you aircraft by either:
1) Selling the aircraft overseas.
2) Removing the engine/propeller and selling the "parts" to different parties ,
... the liability is removed.
I wanted to open up the question to the collective knowledge of the RV community and ask if anyone has anything to add to this discussion or has had (or knows of someone who has had) experience in this area.
Thanks,
Bob