A question for Glenb as I know he's been through the mill.
What would be a reasonable estimate of the cost to gain a CAR 142 approval assessed to include
realistic figures for "Time", at a reasonable hourly rate, spent producing all the manuals required, CASA fees etc?
I have heard some pretty incredible figures bandied about, but never heard of anyone actually costing the whole process.
I imagine that should be considered a Capital cost and amortised in the cost structure.
In the USA independent flying instructors can teach without an AOC and indeed train a very high percentage of pilots. They train to the requirements of part 61, all ninety odd pages of it.
Part 141 in the USA is akin to our Part 42 in that they must be approved, integrated schools, where a reduction in total hours to achieve the end licence is available, if the standard can be met.
Part 142 in the USA is a whole different kettle of fish than Australia's and deals mostly with the high end simulator outfits.