Want to lure new pilots? Slash the price of airplanes

The cost of building and developing new aircraft must be slashed if general aviation is to attract new pilots, sustain the existing population of owners and flyers and drive up safety, said the General Aviation Manufacturers Association (GAMA) at AERO 2012 in Friedrichshafen, Germany. In a report at FlightGlobal.com, GAMA’s Greg Bowles is quoted as saying that while there is unfulfilled demand for new aircraft, “Owners are unwilling or unable to buy many of the latest models because they are so expensive. A four-seat entry level piston single like a Cessna 172 cost around $8,750 in 1956. By 2000 the price for a typical four-seat piston single like a Diamond Star had risen to nearly $190,000. This rise far outstrips the cost of inflation over that period.” The culprit: Onerous regulation. Read the full post here.