Cross Check
Even so, US citizens/nationals (and everyone else) going for an initial heavy jet type (or recurrency) will still require a clearance from the Attorney General
There is no provision in the Aviation and Transportation Act to check US Citizens when they want training on airplanes > 12500 lbs. There is no provision to check
anybody on planes < 12500 lbs. I think
that's coming. Yeh, GA is a different ball game, only for now I suspect.
Okay then, for those of us who are not a part of the favoured few (ie, not type rated) well ... you wait ... and wait ... and wait. How long I don't know, I'm currently trying to find out.
If you haven't heard back from the DOJ within 45 days, you can start training. They can still stop you after that time, but the max wait is defined.
Hah, hah... try telling that to the shareholders of Enron, Worldcom and Xerox... (Sorry, off the topic but it begged a rebuttal).
Loads of people made money, including a lot of shareholders (those employees with cheap options with an incentive to maintain share price, investment banks with an incentive to maintain share price etc), just not all of them
All in all, a very efficient method of transferring money from one type of shareholder to another.
Cheers