Classic Aero-TV: Product Liability – Cirrus CEO at NBAA 2009 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.22.24

Airborne-Unlimited-04.16.24

Airborne-FlightTraining-04.17.24 Airborne-AffordableFlyers-04.18.24

Airborne-Unlimited-04.19.24

Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at
www.airborne-live.net

Thu, Jun 17, 2010

Classic Aero-TV: Product Liability – Cirrus CEO at NBAA 2009

Brent Wouters Addresses the Continued Need for Product Liability Reform

The ANN and Aero-TV crews are now readying to cover the very First Annual Cirrus owner's and Pilot's Association 'Migration' that will not be held in Cirrus' home town of Duluth, MN. This time, the event is to be held in the historic environment of Dayton, OH... with all the 'Wright' overtones adding to what appears to be a great year for the annual gathering. ANN is teaming with the COPA team to produce quite a bit of coverage of this event, and will also be hosting LIVE Aero-TV streaming Friday and Saturday of a number of the pivotal events, speeches and meetings. Please enjoy a look back at recent Cirrus coverage while the ANN/Aero-TV crew works its magic in Dayton, where we have some GREAT things in store for you in the coming days!

In the 1980s, the general aviation industry was brought to its knees by an explosion of product liability lawsuits.  Industry representatives estimated that the cost of litigation added $70,000 to each new aircraft; the financial blow resulted in widespread plant closures and bankruptcy. GAMA reported a staggering decrease in single-engine piston aircraft production from 13,286 aircraft in 1978 to a mere 1,833 aircraft in 1983. 

The dramatic decrease resulted in an employment drop of sixty-five percent.  With general aviation on the verge of extinction, industry leaders successfully lobbied for the General Aviation Revitalization Act of 1994. The law implemented a statue of repose, limiting manufacturer liability exposure to 18 years. Though it was a crucial step in reform, leading to the revitalization of general aviation in the 1990s, significant problems continue.

The financial burden of liability insurance premiums raised twice the rate of inflation in recent years, and the threat of litigation remains an ever-present problem for G.A. manufacturers.  In order to sue, a plaintiff must prove two things. First, they must prove that a company was negligent due to design defect, manufacturing defect, or a failure to warn (by not providing adequate instructions or specific warnings of danger). 

In other words, litigants can still seek damages against a manufacturer despite a company’s product passing rigorous FAA certification.  Second, a plaintiff must prove that said negligence led to a crash. Although it is reported that roughly three quarters of all aircraft accidents are classified as pilot-caused, NTSB findings remain inadmissible in civil court, rendering manufacturers unable to appropriately defend themselves against such claims.

It is no wonder, then, that in the current economic crisis that aviation faces, industry leaders are once again pushing product liability reform to the forefront.  The continued financial burden of insurance premiums and litigation places a stranglehold on company growth and development. 

 

Join Aero-TV as we speak with Cirrus CEO Brent Wouters about how product liability affects his company, and why reform is more crucial now than ever. 

FMI: http://www.allbusiness.com/legal/922323-1.html, http://www.atra.org/issues/index.php?issue=7341, http://www.aero-tv.net, http://www.youtube.com/aerotvnetwork, http://twitter.com/AeroNews

Advertisement

More News

ANN's Daily Aero-Term (04.24.24): Runway Lead-in Light System

Runway Lead-in Light System Runway Lead-in Light System Consists of one or more series of flashing lights installed at or near ground level that provides positive visual guidance a>[...]

ANN's Daily Aero-Linx (04.24.24)

Aero Linx: Aviation Without Borders Aviation Without Borders uses its aviation expertise, contacts and partnerships to enable support for children and their families – at hom>[...]

Aero-FAQ: Dave Juwel's Aviation Marketing Stories -- ITBOA BNITBOB

Dave Juwel's Aviation Marketing Stories ITBOA BNITBOB ... what does that mean? It's not gibberish, it's a lengthy acronym for "In The Business Of Aviation ... But Not In The Busine>[...]

Classic Aero-TV: Best Seat in The House -- 'Inside' The AeroShell Aerobatic Team

From 2010 (YouTube Version): Yeah.... This IS A Really Cool Job When ANN's Nathan Cremisino took over the lead of our Aero-TV teams, he knew he was in for some extra work and a lot>[...]

Airborne Affordable Flyers 04.18.24: CarbonCub UL, Fisher, Affordable Flyer Expo

Also: Junkers A50 Heritage, Montaer Grows, Dynon-Advance Flight Systems, Vans' Latest Officially, the Carbon Cub UL and Rotax 916 iS is now in its 'market survey development phase'>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC