Chris Brame wrote:
OD/NG wrote:
Don't fret about the B-17 situation, though. There are at least, what, 5 to 7 B-17's undergoing restoration right now to flying condition? So, despite this temporary setback in the numbers B-17's flying on "active status", I would say the future is actually bright for the B-17 type specifically, imo.
But with the insurance situation, will they be completed as statics instead or, to cut losses, canceled entirely? Wonder if the Israeli Air Force will start putting out feelers again to get a flyer; they've wanted one for a LONG time.
I don't know - that's the 20 million dollar question. I think it is way too early to see what the long term effects are from the crash and insurance rates. In my opinion, three things will drive the viability of future warbird restorations - including the B-17:
1) What, if anything, will change from a regulatory perspective from the FAA? If the standards get too difficult or restrictive, that could significantly reduce the profit margins on selling rides in warbirds. If the profit margin gets too small or is not worth the effort, many groups will give up and move on to other more successful business models.
2) What will be the long term effects of the increase in insurance premiums and reduction in coverage as a result of recent events? Again, if it is deemed "too high risk" by the leadership and/or BOD of major museums/organizations, they will "cut their losses", give up and move on. We've already seen that with 2 B-17 operators in the last week.
3) Will the net effect of the above two translate into much more expensive support for warbirds? For example, will engine overhauls get significantly more expensive? Will the parts supply follow suit? As an example of this, the price for a newly overhauled Merlin for the Mustang has gone up about 100K in the last 5 to 7 years. If the support system gets to be too expensive and too difficult, this also could have a very adverse effect on the numbers of warbirds continuing to fly, as well as them giving passenger rides to support their operations.
Lots of questions that remain to be seen and I don't know how all of this will end up. I think in another year or two, after everything has settled a bit, we will see what the future of warbird operations entails in the current climate.
For whatever it's worth, there are MANY, MANY people who are fighting for and are advocates for warbird operations behind the scenes. A lot of very tough battles are being fought, as we speak, to preserve all of the rights we now have. Some of these people are in very important high positions that can influence policy and decision-makers. For all of our sake, let's hope they are successful in their battles. Time will tell.