My understanding was that the ultimate load was 1.5x the maximum use load. To me that is a 50% margin of safety in every day use.
But yea, in either case, it does look bad. Fortunately they're not likely to sell many of those monsters anyway. The 7E7's got their butts kicked.
Yes, you're quite correct, but the ULoad is meant to address non-every-day-use, and should have margin itself. The static test should give an indication of the real margin. Playing the game, as they termed it, will cause the plane damage in severe conditions, and the failure of this test insures they will have a difficult time accurately predicting the failure stress.
They have screwed La Chien with this.
7E7 - Yeah, baby!