FAA loses track of 119,000 aircraft

[bilwor]

The Federal Aviation Administration is missing key information on who owns one-third of the 357,000 private and commercial aircraft in the U.S. - a gap the agency fears could be exploited by terrorists and drug traffickers.

To update the FAA registry, the agency will cancel all aircraft registrations over the next three years. Owners will have three months to re-register. In addition, the FAA will do away with its one-time registration certificate and adopt one that has to be replaced every three years. Those who fail to re-register will lose their certificate, and the plane must be grounded

http://apnews.excite.com/article/20101210/D9K12V6G0.html

[Paul Dumm]

Sounds more like a money (tax) maker.

[Joe Copalman]

The Federal Aviation Administration is missing key information on who owns one-third of the 357,000 private and commercial aircraft in the U.S.

Don't they check their website?  I'm sure the 1/3 they can't account for are owned by WELLS FARGO BANK NA TRUSTEE.

[jslugman]