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From an enthusiastic warbird spectator's pov:
Biggest point, and really the only one that matters legally, is when it is no longer safe to fly.
When would that be? What would make a warbird any more unsafe than a Cessna?
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Other decision-points beyond that are more a matter of moral decision-making than legal/absolute. First, I'd say that once we're down to the last 2 or 3 of anything, my opinion is that the owners need to step up and stop flying and either donate or sell to an entity that'll display statically. MAAM's Black Widow and Week's Marauder are, imho and morally-speaking, right at the threshold of what can be flown.
On who's authority?
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Second, if a specific aircraft is of specific and unique historic value in its own right. Memphis Belle (the real one), Enola Gay, Bockscar, Flak Bait, Swoose (which also falls into the first category as the last Shark Fin Fortress), etc should never fall into consideration for flying. Since they are all publicly held, they won't be. But imagine a situation (HYPOTHETICAL) where, lo and behold, some private warbird collector discovers Ski's B-25B in-tact in a barn outside of Vladivostok and buys it. He has ownership rights (USAF Lawyers nothwithstanding, I'd guess), but he'd have a moral obligation to safeguard the aircraft
A moral obligation to what? If something is old and it's an airplane what rules state that it must be saved. If I have an old car and decide to cut it up, I'll do it.
Are you suggesting government should step in and control more of what people do? Wasn't America founded on the principle of freedom of choice? What kind of precident are you trying to set?