Investigators of the February crash found that interference from PLBs carried by passengers had caused the "smart" long-range rescue beacons on the aircraft and life rafts to shut down.
The price-tag looks even heftier when the limited versatility and survivability of unmanned aircraft are factored into the life-cycle cost equation.
Those looking to experience life on an aircraft carrier for less can visit the park between 9 am and 5 pm daily for only 160 RMB.
One is the management culture in the modern Navy and the other is the protracted life cycles of modern aircraft carriers.
FORBES: Despite Budget Woes, The Navy Is Unlikely To Cut Carriers
The argument could also be made that delaying construction of the new Ford class of carriers might actually increase the long-term cost of carriers, since the next-generation carrier is designed to reduce crewing requirements by hundreds of personnel, and manpower expenses are the biggest driver of life-cycle costs for aircraft carriers.
FORBES: Despite Budget Woes, The Navy Is Unlikely To Cut Carriers
At a time when cuts in defence spending are making life tough for suppliers of military aircraft, those who make commercial planes are working flat out to expand their factories.
This reduces the number of different types of aircraft operated by the Defense Department and their associated life-cycle costs.
But a commercial aircraft that is 15 years old is still in its prime of life.
The company drew on better pricing trends in property and casualty operations, a solid quarter from domestic life and retirement operations and profitable performances from mortgage guaranty and the aircraft leasing business.
FORBES: Benmosche Says Sandy Impact Won't Be A Problem For AIG
China Life had been negotiating earlier this year to buy AIA and AIG's aircraft-leasing arm, but ultimately the deal fell through.
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