Wrong, commercial passenger planes going missing are much less expensive. Commercial plane disappearance is close to a 'black swan' event (1/10years) [1]. Tyler Durden this:
* search and rescue for this rare event: $50M/10year = $5M/year
* cost of tracking system: $20k/year amortized cost per system * 5k aircrafts = $100M/year
The airline industry as a whole has made a cumulative loss during its 100-year history. Airlines are already nationalized one way or another, like it or not. [2]
* search and rescue for this rare event: $50M/10year = $5M/year
* cost of tracking system: $20k/year amortized cost per system * 5k aircrafts = $100M/year
The airline industry as a whole has made a cumulative loss during its 100-year history. Airlines are already nationalized one way or another, like it or not. [2]
[1] https://en.wikipedia.org/wiki/List_of_aerial_disappearances [2] http://www.johnkay.com/2005/09/27/airlines-and-the-canine-fe...