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PDF Editor FAQ

How much would it cost to privately own and operate a MiG-21?

It costs both more and less than you’d guess. I know because within the last 12 months I’ve both shopped for a MiG-21UTI (trainer) and obtained a Letter of Authorization (LoA) to legally fly one in the USA. The San Diego Air & Space Museum had their fully airworthy MiG-21 for sale last year for $69,000, which is probably the low end and a great deal. There’s an airworthy single-seater for sale right now in Nevada for $150,000 that has been used in training exercises with the USAF. Even bringing-in a MiG-21 from overseas and making it flightworthy shouldn’t cost more than $200,000. Generally MiG-21s are cheaper than L-39s — the trainer most people fly before they get to the MiG-21 — because the MiG-21 costs so much to operate. Getting the LoA took 10 hours in an L-29 ($1400/hr), 10 hours in an L-39 ($1700/hr.), and five hours in the MiG-21, itself ($4500/hr.). Do the math and that’s $53,000 before your first solo takeoff. Insurance is not easy to get and even then it will only be liability. If you operate your MiG-21 for 25 hours per year, which is typical of hobbyist aircraft, budget $150,000 for everything. If you operate it for the 75 hours per year it takes to really remain comfortable in it, then budget $350,000–400,000 per year.

Can someone (a third party) check the bank details/transactions of my closed bank account with a Letter of Authorization (LOA) from me?

It depends on the laws of the country, I’m sure. In the USA, the authorizing document is a Power of Attorney (POA). I have had and used such a document in the interests of my mother. I don’t know what a LOA authorizes you to do.

What is the full form of LOA?

An Letter of Authorization (LOA) is a legal document in which the executing party makes certain assertions to a service provider about their authorization to switch (port) services and telephone numbers from one provider to another.

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