Van’s RV-7 Quickbuild Kit $38,845, IO-360-M1B, $27,700, 1500 man hours build time @ $50.00 hr = $75,000,
Hartzell C/S prop $8275, Dynon HDX SkyView panel with ADS-B IN/OUT $$16,390, Emag option $1200, Paint base white plus two colors $12,500, $10,000 for Wheels, tires, brakes, hardware, spinner, wire , hoses, etc…total $189,910.
Now add another $100,000 pure profit…$289,910
All of these above prices are not wholesale prices. All of those prices allows for each manufacturer to be profitable. Total labor costs are variable depending on where the airplane is assembled. So, inflating the labor to $100 per hour would add another $75K to the equation.
To me it is clear that with improved FAA regulation, this kind of well proven airplane could be assembled from the existing supply chain. At 2019 prices, one could purchase a brand new RV-7, with a glass panel including all engine monitoring, auto pilot, ADS-B compliant, fuel injection with electronic ignition, 180HP including C/S prop, 2 place 170kt, aerobatic airplane with a 500 mile range, and a good useful load, completely painted for under $300,000…and making a good profit on each airplane. I believe build times could be reduced to 1,000 man hours on an assembly line style process over time. If regulations would allow this kind of airplane, prices would further drop as competing companies would enter the market and refine the build process. The home builder could still construct his and another less inclined customer could have someone else do it. Van’s is already doing this with the RV-12 series in house under LSA rules.
I do not want aviation companies to fail. There are practical solutions to the $400,000 172 and the $900,000 G36 / SR-22 's. But airplanes require pilots no matter how affordable they can become. Somehow, flying has to become more appealing, more accessible, with flight training designed that is realistically attainable for those bitten by the aviation bug. But no matter how it happened, each one of us pilots where infected with a rare, incurable disease called flying…not as a spectator, but as pilot in command.
Proportionally, flying as pilot in command has never had a mass appeal. Flying in a large aerial conveyance has been embraced and expected by the masses. So, we in aviation who have chosen to become the pilot rather than the passenger, are relatively rare. This is why the flying car will never really happen even if regulations and technology permit it. The average person does not want to accept the responsibility, take the time and energy to successfully complete pilot training, to safely participate in the three dimensional world. It’s the three dimensional part that separates aviation from any other hobby, past-time, or career. It cannot be tamed for the masses.
We pilots choose to launch into the 3D world and spent considerable time, energy, money to get to where we can do that when we choose. Whatever the circumstances that created this attraction to flying has not been a cookie-cutter experience for any one of us. To think anyone can make flying a cookie-cutter experience comes from folks who have never done what we have already accomplished. Like the Harley-Davidson T-shirt says…If I have to explain it, you would not understand.
What we are debating is, how many airplanes need to be built to satisfy the demand from a small portion of the US population. While that is going on, I will go to the airport, inspired by John K., and go hug my airplane…and if I see his 120, I may embrace that one too.