Subject: ITEAA
From: ACRE NL
Date: 3/2/2003, 7:18 PM


      Paul,

      The first 13B powered "Dyke Delta" project to receive
its
airworthiness
certificate is ready for flight tests.



<http://www.eaa.org/homebuilders/list/Dyke%20Delta_La%20Beau.asp#topofpa
ge


      Kelly Troyer

Hey congratulations Kelly.

Paul Lamar

      Paul,

        Clarification- This is Larry LaBeau's Delta, not mine
(wish it
was0

        Kelly

The EAA web site is rude and aggravating. They wanted me to tell
them
my membership number before they would let me in. That is really
really
STUPID!!!

The EAA is run by a bunch of money grubing idiots!!!!!
I am fed up!!!!!

The quicker ITEAA gets going the better.  http://iteaa.org

Paul Lamar


I take it back. Forget ITEAA. It is acting like the EAA already.
I tried sending them email and it bounced.  Members only! That is no
way
to encourage new member ship. Plus a shit load of questions to sign
up.

That it for them. Don't hold your breath waiting for them to get
started. The world appears to be populated by idiots.
If we all get together we can start our own insurance company.
There is no law against a bunch of people periodically putting money
in a bank account for a rainy day. We can elect a board of directors
and all directors must sign any pay out checks.

My idea is you get a discount based on the number of hours you have
on your rotary engine. Also we limit the payout and tie it to the bank
balance.

Paul Lamar


Great Idea Paul!!  Easier said than done, though.  Count me in if it
ever gets started.  This is what insurance is Meant to be.  The money
could be invested in long term stuff and the dividends returned to the
members.  Maybe when I'm done with residency.

David Leonard
The Rotary Roster:
http://members.aol.com/_ht_a/rotaryroster/index.html

I thought about it some more. Since insurance companies don't pay anything
if an experimental aircraft crash occurs in the first 45 hours. We would have 
had only one pay out in the last five years. That would be to Ken Welter for
his Coot that burned on the ramp. All other reported rotary powered incidents 
have been in the first 45 hours of testing.

At $1500 a year with 20 on board for five years that would be $150,000 !!!!!

I am sure Ken does not value the burned Coot at $150,000. Well maybe he
does :)

No over head. Volunteer board. No paper work. One PC and a program
could keep track of the members.

Paul Lamar
 
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