CPA Mags 2016 1601 | Page 18

These four words—new, rebuilt, overhauled and repaired—are terms of art that have distinct, specific meanings in the context of aircraft maintenance. Those meanings are defined in the FARs. It’s crucial for owners to understand precisely what they mean and how they differ. “New” means never used. Dimensionally, a new component meets new fits and limits (obviously). “Rebuilt” means a previously used component that has been overhauled to new fits and limits (possibly using approved oversize or undersize parts) by the original manufacturer. For example, only the Continental factory in Mobile, Alabama, can “rebuild” a Continental engine, although any A&P mechanic or engine shop may “overhaul” one. When the f X