FAA Regulation Is Proof That Technology Can Be Costly
This is why authorities need to put their money where their mouth is.
For decades, it seems, manufacturers have been responsible for qualifying and certifying aircraft as operational within technical and safety standards. That's why in general you can go to Priceline and get a couple of flights for maybe a couple hundred, if that. It's not too bad. But the amount of funds that go into the work-up for these planes will blow you away.
The FAA Would Need a Staggering $1.8B Just to Handle Aircraft Internally
Guess what that would do to flight pricing? -- It'll go up. That's not good for the economy, nor is it good for the brands, such as Delta, American, or Spirit.
The issue is the outsourcing for certification of aircraft and not enough overhead to make it happen. Given that these two crashes in Indonesia and Ethiopia occurred, everyone's concerned about safety -- everyone's concerned about the technology that could crash at any point in time, and therefore crash a plane! So what the FAA needs to do is ensure each and every plane has been certified, and that's never really had to have been done before in the history of the aviation industry.
Technology excellence now is the hinge of success, which drives growth in multiple industries, and for sure aviation is one of the top on the list. Great for employment, yes -- but what's going to happen to the economy? Who knows.
The good news, however, is safety becomes even more of a priority than ever before. There will be a premium when boarding a plane -- you're ensured the utmost success. No risks. Perhaps even less delay, layovers and reschedules. Flying won't be nearly as much of a chore as it has been in the past, and for sure terrorists won't ever try to climb aboard a plane with the intent of crashing it into a building.
And if this is managed well, and Congress funds the FAA successfully, other benefits in technology can also follow.
Successful Reinvention, Revitalization and Revamp of the Aviation Industry
The optimal technology for safety measures? Check. What about better design? Double-check. We can offer more to our passengers -- not just safer travels, but much more convenience and perhaps more availability. I call that a win in my book and perhaps worth a good $1.8B the government will give to the aviation industry.
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