History of Corinth, Vermont 1764-1964 Pages 313-314

These pages are from History of Corinth, Vermont 1764-1964. Compiled and edited by Town of Corinth History Committee, published by The Town of Corinth, Vermont. Copyright 1964 by The Town of Corinth, Vermont, 1st Edition. Printed by Gibby Press, West Topsham, Vermont.

Bargin Bomber ?

Foster's last aircraft cost $305,000 in 1943 dollars (1). Adjusted for an annual inflation rate of 3% per year, the present value is $1.9 million (2). In today's dollars, the aircraft would cost $1.9 million dollars.

Considering what a bomber costs today, this was a bargain. Note, a new 4 seat/passenger single engine small general aviation aircraft costs around $200,000 today.

1. National Air and Space Museum Aircraft History Card contains this number. The manufacturer was Ford. The engine manufacturer was Buick (GM).

2. Calculated by 2006-1943 = 63 years
1.03^63 = 6.47
6.47* 305,000.00