Is it as big as many seem to make it here? I don’t think most of the privately owned airplanes will qualify, no?
Lots of back and forth to sift through, but let me try to break it down - please correct me if I’m wrong - If you have complete maintenance records and are under 12,000 hours, then this does not apply?
I think the interpretation is incorrect that everyone under 12k is exempt. At a minimum there seems to be a progressive schedule of required inspections that is being proposed, starting at 3000 CSH or 4500 CSH depending on your aircraft "group". The good news is that if you're flying non-commercial ops, your CSH only accrues at +1/3hr or +1/2hr, per hour you fly, based on which group you're in for grps 1 and 2, respectively.
Where the emotion comes in is there's probably a fair number of buyers who did all their homework, were diligent in getting thorough prebuys w/ECIs on Arrows/PA28s that were higher-time former flight school/commercially used planes, who will suddenly find themselves in a bad position. I can think of one guy in particular a few hangar buildings down from me who will be in a really bad spot if this passes. You got the ECI test and a clean bill of health and thought you were good, then this gets dropped on you. Even if your repetitive inspections show good results, you have a lingering huge bill hanging over you and the next buyer knows it.
There's also the people who bought planes with missing logs, negotiated appropriately for a lower price, and now would be instantly catapulted into the worst category. That is... painful.
I don't see a lot of scenarios where prices
wouldn't come down a bit on PA28s/Arrows to compensate for this. Even before its passed or if it never passes. Just the lingering threat of it will hurt a lot of the fleet's value. I bet we'll see a slowdown in the number of high time arrows/pa28s changing hands over the next year or so.
EDIT: Also here's the current composition for TTAFs for the market. No guarantee its representative of the TTAF for whole fleet, though.
NOTE: Despite reading the registers like 4x now, I'm still no expert in parsing this language. So if I misspoke, please correct me