IFALPA, Boeing, Airbus etc all agree on one thing, if not exact numbers, there will be less than 50% of pilots trained V pilots required in the next decade.
Bottom feeders ( no names ) please take a number, I might get back to you
I sincerly hope your figures are correct.
Even though I have been flying for 25 odd years, at the moment for me to obtain a pilots job, I would have to pay around $40,000 (possibly more) for a type rating and accomodation (while obtaining a type rating). Considering my savings are invested in a house and raising a family, I would have to get a loan.
At the present fos salaries after tax, it may well take me a couple of years to pay off that loan.
So after 25 years in the industry, I would effectively have to work for nothing for the next couple of years.
Who in their right mind would want to be an airline pilot now, considering the pay and outlay required during their careers.
Do management have to
pay between 30-50% of their salary to secure another job when their contract expires.