Just so you know, your Randian paradise airline system was tried long ago. It killed so many people the better airlines were BEGGING the government to step in before this whole newfangled flying machine thing just collapsed and died due to public mistrust.
$10,000,000 per SEAT? OMFG I am rolling on the floor. It is extraordinarily difficult to get 10% of that and most of my quotes are for $1,000,000 for the entire plane and that is instantly void the second I take off on a 135 flight absent the right certs. I happen to be certified myself to pilot 135 flights and it was not an easy thing to do. Look up "The day the music died" for the reason these rules were invented.