Show Posts
1
Spin Zone / This Is Why We Don't Have Flying Cars
« on: August 07, 2023, 07:39:59 AM »
https://www.forbes.com/sites/jeremybogaisky/2023/08/07/meet-the-billionaire-who-built-a-fortune-price-gouging-customers-like-the-pentagon/?sh=656e0dd91658
Federal regulation. Full stop. The age of a typical GenAv flight line is enough to make a Havana parking lot snicker "Okay, Boomer."
Forbes thinks this is a story about a greedy corporate raider price gouging the government. It's really about the rules that make the "price gouging" possible.
Don't hate the player, hate the game.
Federal regulation. Full stop. The age of a typical GenAv flight line is enough to make a Havana parking lot snicker "Okay, Boomer."
Forbes thinks this is a story about a greedy corporate raider price gouging the government. It's really about the rules that make the "price gouging" possible.
Quote
The company takes advantage of peculiarities in the highly regulated nature of the aviation industry. Every part on a commercial aircraft, and the methods for manufacturing it, must be certified as safe and reliable by the Federal Aviation Administration. It’s a time-consuming and expensive process, and even with huge price hikes, most of TransDigm’s products remain a small part of the overall cost of an aircraft, mitigating the incentive for customers to seek out less expensive alternatives.
Don't hate the player, hate the game.
As I usually say, we can joke because no one was seriously hurt.
