Yup Jack pretty much on the money. If the industry is to survive it has to get out from under the regulatory load. Its two thirds cheaper to operate the same aircraft in the US, and their regulator is looking for further ways to reduce costs to the industry by making it cheaper to certify aircraft and other initiatives to make it cheaper to own and operate a certified aircraft. All our lot can do is write ever more burdensome claptrap that serves no useful purpose but to drive up costs. Same thing happened in the UK, a hell of a lot of private aircraft there now operate on foreign registers.