No Guts, No Glory: The Glory Days of International Aircraft Deliveries

By Robert Moriarty

From about 1970 until 1985 the rapid decline in the value of the dollar created a situation where a foreign buyer could purchase a US built aircraft, fly it for ten years and sell it for more than he paid for it. For a short period general aviation aircraft became an investment with a real return rather than an expense. As a result, the United States exported tens of thousands of small planes all over the world. But someone had to deliver them and that's where ferry pilots came in. These inexperienced and many cases unqualified for long distance flying pilots died in great numbers with about ten percent killed every year. In 1979 Cessna Aircraft lost a liability law suit that cost them about $115 million. Almost overnight the cost of liability insurance soared and the price of new aircraft doubled in a few years. Eventually after general aviation sales dropped by ninety percent the glory years of ferry flying were over.

• Format: Hardcover
• Language: English
• ISBN: B0BFV26QZK
• ISBN13: 9798421710868
• Release Date: September 2022
• Publisher: Independently published
• Length: 376 Pages
• Dimensions: 10.0" x 1.1" x 7.0"