Quote:
Originally Posted by KNS
There's an old saying when you're shopping for a plane: You're not buying the plane, you're buying the logbooks.
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We had to lease two 172s for 12 months to finish some projects that required a lot of flying. Each 172 came with a huge suitcase size set of logbooks, and they said right in the lease that we were 100% responsible for the return of the log book, and all entries for the year. They put a 20K price on the log books if we lost them as motivation to keep them safe.
We were responsible for 100% of any maintenance of routine issues, and only an major engine issue was not our responsibility as long as the oil levels were normal. We had to do the annual before we returned it and have all the logs signed off and up to date.