FAA Aircraft registration and ownership
47.3
link
I'd like to see it changed so that people on student or work visa, who are TSA approved and hold FAA license(s), could own aircrafts and register them with the FAA.
Currently one has to have citizenship or be a legal resident to be an owner of a US registered aircraft. That effectivly eliminates the option for foreign people who conduct professional flight training in the US of buying an aircraft for themself or with friends, to build hours or go on cross country expeditions.
Legal resident pilots must have TSA approval just like pilots on student visa, so in terms of terrorist risk assessment and comprehensiv background checks, legal residents and student/work visas are at the same security level.
Therefore, I dont see why pilots on student visa or work visa shouldn't be allowed to waste money on buying an aircraft. It supports the american economy and it can make the typical two year visit to america even more fun and pleasurable. And once any pilot, regardless of immigration/visa status, holds an FAA license, he is sort of by definition equally qualified to fly in the US national airspace as any equally licensed american FAA pilot. We were all born equal, Jefferson once said...
And for those who might intervene and say that foreigners shouldnt be in the sky above America at all...well, TSA-approved pilots on student visa allready fly completely unrestricted in rental and flight training airplanes, and can do pretty much anything they desire! Not allowing people on a student-visa to purchase an airplane is just plain unfair, and leaves them hanging as easy prey for the likely more expensive rental market. Especially since most students on J1 visas only have two years to do 500-1000h of hour building.
Just a quick estimate to give you an idea of the possible savings for a student building hours:
Rental: 500h C182 * $150 wet lease =
$72K.
Owner: C182 (Buy-Sell=Expense): ($85K-$74K=$11K) + (500h * 12GPH * $2.70 Per Gallon (pre-paid fuel card)= $16K) + 12months insurance $2000 + Registration $2000 + Maintenance $6000 =
$37K
Maintenance would probably be half what I've accounted for, and insurance is also alot cheaper. I dont know the price of registration, but it cant be all that expensive. So the savings are likely even greater than what I managed to illustrate. Most significant difference between rental and ownership however, is the added convenience and comfort of having the airplane all to oneself, without minimum daily block hours or time restrictions.