An excerpt from a Flightglobal article on pilot shortage.
ANALYSIS: That pilot shortage – will it prove to be another mirage?
...But looking at the industry as a whole, Moxham explains the airline accountants’ perspective on investment in skilled people for the future: “It is easy to justify an aircraft order: airframes are an asset. Pilots are seen as a liability. Yet you need both.” Accountants who genuinely think like this are being short-sighted, he suggests: “Failure to invest in the skills supply will mean increasing costs for them. Good crew will become scarce and able to demand high salaries again, and finances will go into a spiral.”...
The rest of the article is here:
http://www.flightglobal.com/news/art...nother-409320/
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