“It was origianlly envisioned as LESS than $100K aircraft, but they couldn’t get it there.”
So about 70k of that is reserved for litigation?
15 years ago, a group wanted to build a 4 place and sell it for under $50K. They even went so far as to lease a factory in Witchita.
(Wish I could remember who it was)
That went out the window when they found out product liability coverage would be over 50K PER AIRFRAME!
I believe they ended up selling it as a kit...