I spent yesterday morning sat in the nav plotters seat in XM594, the Vulcan at Newark. This is slightly irrelevant but I enjoyed it.
On topic, the cost breakdown seems extraordinary to me;
£152,000 for 'admin and management?'
£204,000 for revenue generation and VTSE costs?
£202,000 for hangar and office rental?
They all seem absolutely huge to me. How on earth are they paying £202,000 yearly for hangarage for (albeit a fairly large) aircraft and some office space. The cost of revenue generation is stunning. I'd like to see that broken down.
The website says that the VTST employs 12 people full time. When you consider that staff costs excluding aircrew is £400,000, operating costs including aircrew is £458,000, and 'management' is part of a big lump of £152,000, it seems absolutely massive.
They seem to be costs for the sake of costs. Why on earth do they predict 'education' costs at £50,000? I got a damn good education in the seat of the vulcan I was in yesterday, and I payed them for the priveledge!
I always wondered why there isn't a main sponsor for the project, but it just seems like SUCH a financial black hole.