Is this Kosher?
I saw this narrative in an ad for a Cherokee 140.
"The legal logged engine hours is 2209.0. The engine had a camshaft failure 902.0 hours ago. The engine had to be rebuilt which included ; rebuilt cylinders with new valves and guides, new cam and lifters, and crank case remachined and checked, crank shaft magnafluxed and checked, all new bearings and seals. All work was done by G & N Aircraft Engines, and all paperwork, yellow tags and work orders are in the log books. The owner at the time was short on money, so he did not have the accessories overhauled. By not overhauling the accessories this repair could not be logged as an overhauled engine. Since the repair one mag has been replaced, the other repaired. The ignition harness has been replaced and the alternator repaired. At last annual the cylinder compressions were all in the high 70's, and no metal was found in the oil or filter. This engine burns no oil and runs great."
It sounds fishy to me, but I was wondering what the fiancial and regulatory requirements would be to operate this plane. Thanks for your help.
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"The sky more than the sea, is terribly unforgiving of even the slightest mistake."
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