Litz From United States of America, joined Dec 2003, 1774 posts, RR: 0 Posted (8 years 11 months 3 weeks 4 days 16 hours ago) and read 1597 times:
802, as you know, was involved in an engine fire during MX a few years back, and was pretty heavily damaged. It's since been repaired, and granted an Experimental certificate for flight testing.
What happens if it is never granted a normal certificate?
It is a leased plane ... what are the ramifications, though, if the airline uses the BK court to reject the lease (as they've done with the other MD11s, and several other types), and the plane isn't servicable?
Is the lease holder still stuck with it? Or can they force the airline to continue leasing it? Or is it all going to end up in a courtroom somewhere?
Someone's got to end up liable for the loss of value (imagine if you tried to turn in a wrecked car off lease ...), after all ...
This just sounds like an incredibly complicated legal tangle to me ...