Nah …. There is no leveling off or any particular trend adjustment at all ..
Wow. Looks like both the dot-com bust and the great recession were very good to the top 1%. I had thought they did better during Covid, but maybe that was only the Amazon investors.
Mosaic....
I'm skeptical that does anything as the original LSA approval was nothing more than a blip
I think the main problem with LSA is the aircraft. There are some really good, fun LSAs... But there were also some truly terrible ones. Couple that with aviation's automatic disdain for anything new, plus the Mosaic rumors that have been going for years now, plus the economic troubles that got Piper and Cirrus out of the LSA market, plus Cessna's failure to make the Skycatcher light enough to be worthwhile... The LSA market just had a lot working against it from the beginning, when it could have done quite well if the timing were different.
The other thing is just the speed issue. Like someone else in this thread mentioned, probably everyone who wants to get into aviation wants to travel at some point. Being VFR only with the LSA speed restriction, LSA just isn't where most pilots want to be. Most pilots want to be in the "hey this is actually practical for travel" category, which is why Cirrus, Bonanza, Mooney, and the like are so popular.
Even if a magic wand was waived and tomorrow all prices and expenses were half of today, you would still have people complaining "it's too expensive".
At one point, my old flying club had a bit of an identity crisis, and a small faction of people said "Let's just get a dirt cheap airplane that's cheap to fly and keep things cheap. Cheap cheap cheap." After the annual meeting where this discussion happened, the long-time former treasurer of the club (I was the treasurer at the time) came up to me and said, "Don't do that. We tried that. Those same guys that want the cheap plane are too cheap to fly no matter how cheap it is, so your cheap airplane will sit in the hangar and rot." And looking at who had been saying it, I knew he was right.
We ended up going for the high end instead, turned over the entire fleet, and it has been massively successful for the club. The whole fleet has nice glass panels now, all the planes have nice paint and interior, all the loans are paid off and their financial condition is admirable. It's a GREAT club. And the club that used to look like us but still flies older, cheaper planes? They're still around, but surviving and not thriving.
You may want to look at the rates of death. From what I can see, the rate of death for light GA flying is a lot closer to riding a motorcycle than driving in a car.
Correct... But nobody ever seems to think about death when they get in a car. Nobody gets into my car and says "Is driving safe?"
During WWII, the US trained 435,000 pilots. By 1985, all those pilots were over 60.
But right now we have roughly 600,000 pilots... So that can't be the only reason.