Originally Posted by
206 jock
I confess I couldn't sit through the whole monthly update above: there's only so many times I can listen to someone saying 'everything is exactly on track' and watch repeated video extracts, some of it presumably lifted from video libraries. However a few of the answers to questions were interesting. On insurance, their (sorry, his) plan is to create their own Insurance Mutual to cover the aircraft. On purchasing, Dr. Hill will be buying so much of the Superalloys they require - and there aren't many other buyers of these - that they will get them really cheaply.
Now I'm not an insurance expert, nor am I a procurement specialist so perhaps these are well-trodden routes to success in these disparate business areas. What I am surprised about though is that Dr.Hill seems to own these areas as well as being seemingly involved in every aspect of the design and engineering of the aircraft.
Cutting out middlemen is a well trodden business route.
If you controlled the production of all of the parts and had a direct line to all the customers why wouldn't you do the insurance yourself?
These are not complex business ideas chaps.