The original aircraft parachute technology was developed by BRS In 1993, after seven years and $1.5 million of engineering research. BRS was granted the first Federal Aviation Administration (FAA) approval to install a parachute on a certified aircraft, the Cessna 150/152 aircraft. Later on more small aircrafts received approval and today the company claims since its initial deployment it saved the lives of one hundred and ninety people in about 145 accidents.
The system is deployed by a simple pull of a handle which opens the huge parachute capable of slowing down a several tons of metal to a relatively safe speed. The cost of the system is about 20,000 dollars but BRS is offering a rent program for about $200 a month, a reasonable amount if you have a Cessna and care for your life. BRS however, does not recommend using its system on a regular basis (for those folks who are too lazy to land in the old fashion way), since it will most likely cause considerable damage to the airframe gear, seats and frame.