Why are new light airplanes so expensive? People have been asking this question for, oh, about the past 40 years. Meanwhile, prices for new airplanes keep rising while delivery numbers mostly stagnate.
Experts blame ever-increasing airplane prices on lots of things, from high production costs to the expense of litigating accident lawsuits to the improved avionics and more powerful engines found in new airplanes today. These factors all matter, of course, but they tell only part of the story.
In 1968, median household income was $12,000, a new car cost an average of $3,200 and a Cessna Skyhawk sold for about $16,000. Today, median income is $58,000, the average new car sells for $26,000 and a Cessna Skyhawk can be had for about $370,000. This is easy math. The price…
