NPR’s “How I Built This” podcast is one of my favorite podcasts to begin with, but this episode features Herb Kelleher, one of the founders of Southwest Airlines. He’s a character, and any aviation geek will appreciate this story.
(I couldn’t find a way to link directly to the episode, so here’s the embed. Also searchable on iTunes, etc.)
Buying an airplane was one of those “holy crap!” moments in our family’s life. Oddly, though, we didn’t have any trouble financing our purchase through our local bank.
In this article, Adam Meredith pulls back the curtain on how aircraft loans differ from other consumer loans. Interesting stuff.
One of the primary insights Meredith shares:
That’s because the underwriting process for an airplane loan is more like that for a house than it is for a car. With both a house and an airplane, lots of documentation needs to be collected and presented.
True. Tons of documentation to consider, and sometimes it’s not all easily available. Meredith mentions that many things are getting easier, though, as the FAA is becoming more accepting of electronic documents.
If you’re considering a purchase or if you’re just curious, it’s a good read.
Under the reforms, pilots who have held a valid medical certificate any time in the decade prior to July 15, 2016, may not need to take another FAA medical exam.
After meeting the initial requirements to fly under the reforms, pilots will need to visit any state-licensed physician at least once every four years and take the free aeromedical factors online course every two years. The course will be available for free on AOPA’s website.
Pilots aren’t off the hook for at least a basic medical evaluation, but I think this is an easier path forward for many. It also keeps your care in the hands of your usual physician, something I’m looking forward to.
I’m guessing most pilots never thought the day would come, myself included. This is a big deal.
Since the beginning of the smartwatch craze, I’ve sat on the sidelines. I’ve always had a curious eye on what was going on in the space, but nothing really intrigued me. Add to that the fact that I’m not much for watches to begin with and, well, any wearable had a mountain to climb. I already have a phone attached to my hip.
What’s the purpose of adding another gadget to the mix, especially from a pilot’s perspective?