Hi guys,
There was a cable special about a P-38 recoverd from inside a galcier and there was an awful lot of money spent and a huge amount of fabrication that had to be done to bring that plane back to flying condition so I would say that Chris was dead on in his post. However, salt water obviously compicates the issue as far as structural integrity goes so someone would have to devote a decade or more of their life and multiple millions of dollars to bring that "find", back to actually being an airplane.
Pat Robinson