I'm looking at a plane and ran the "N" number through the FAA database. The registration indicates "deregistered". A note in the FAQ section indicates this designation is for planes that have been salvaged, decommissioned, removed from service, etc.
So, question is...is "deregistered" the kiss of death for a small plane? Is it a negative, or is it something like a non-op certificate on an auto?
Are "N" numbers transferable (like license plates)? Can the owner take the "N" number from this plane and re-assign it to another?