New York Stock Exchange

January 23, 2007 - 10:06am

An upcoming standoff for parts could spell serious problems for Lockheed JetStar owners. Some operators report Lockheed Martin will soon revise the maintenance manual with life limits for wing attachment bolts, tail pivot fittings, flaps and nosewheel steering. While not yet mandated by an AD, repairs could cost each operator up to $300,000, or about one-third of the aircraft’s current hull value.

January 22, 2007 - 3:53am

An upcoming standoff for parts could spell serious problems for Lockheed JetStar owners. Some operators report Lockheed Martin will soon revise the maintenance manual, setting life limits for wing attachment bolts, tail pivot fittings, flaps and nosewheel steering. While not yet mandated by an AD, repairs could cost each operator $250,000 to $300,000, or about one-third of the aircraft’s current hull value.

 
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