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The whole small piston-engine plane industry collapsed in 1980s because of excessive liability: https://en.wikipedia.org/wiki/General_Aviation_Revitalization_Ac
by mopsi 4y ago
The whole small piston-engine plane industry collapsed in 1980s because of excessive liability: https://en.wikipedia.org/wiki/General_Aviation_Revitalization_Act https://en.wikipedia.org/wiki/General_Aviation_Revitalizatio...
If I recall correctly, Cessna was found infinitely liable for every plane manufactured, meaning that each new plane off the assembly line increased their potential overall liability without liability over decades-old planes expiring and decreasing it.
- mfkp 4y agoThat's true of US-based manufacturers, but foreign manufacturers thrived during that time (French, etc).
- light_hue_1 4y ago> If I recall correctly, Cessna was found infinitely liable for every plane manufactured, meaning that each new plane off the assembly line increased their potential overall liability without liability over decades-old planes expiring and decreasing it. This was a problem in the 90s. And it was fixed! Back when the government still fixed things. https://en.wikipedia.org/wiki/General_Aviation_Revitalization_Act https://en.wikipedia.org/wiki/General_Aviation_Revitalizatio...