PIC salaries on the rise

[bitbarrel]

Salaries for experienced crew are on the rise. More and more airlines are recruiting flight crew all over the world. I have never seen something like this before. However, with the global economic collapse (debt bubble) on the horizon, is the growth in aviation sustainable?

[Fokkerdriver]

To be fair - it could hardly get any worse.

I was offered 2000 Euro for a DEC A330 at Heston…..I was getting double that being unemployed.

[Check Airman]

Originally Posted by bitbarrel

However, with the global economic collapse (debt bubble) on the horizon, is the growth in aviation sustainable?

Is this the same collapse that’s been on the horizon for the past 3 years, or a new one?

[UKcrowpilot]

Where are you seeing these rises? It doesn’t seem to be the case in the UK, but hopefully it’s coming.

[Ollie Onion]

It’s Aviation, just as the good money starts to become bedded in there will be another global shock. In my career every time there starts to be a new pilot shortage there is a Dot Com Bubble, Sept 11, SARS, Bird Flu, GFC, COVID. So sure as anything the next shock is just around the corner….. what that shock is, who knows!

[CaptainProp]

Originally Posted by Fokkerdriver

To be fair - it could hardly get any worse.

I was offered 2000 Euro for a DEC A330 at Heston…..I was getting double that being unemployed.

”PIC salaries on the rise”. There’s your answer, at least as far as Europe is concerned.

CP

[Superpilot]

Originally Posted by Ollie Onion

what that shock is, who knows!

One of:

1.) War mongers aiming to do something about "The good Lord didn't see fit to put oil and gas only where there are democratically elected regimes friendly to the United States."
2.) Alien invasion

[Denti]

Saw an ad on LinkedIn for Avion the other day, it boasts salaries for Captains "up to €115.000". Thought, that is nearly acceptable.

And then i remembered that in my last year as an FO in 2016 i earned more than that, including 42 days of vacation and 2 months off in Winter.

[A321drvr]

Yea. Thing about Avion and the other baltic ACMI-s is that although payments to that scale are achievable into a Dubai bank account but it'd be a completely different story receiving it into your EU/UK acc. with the responsibility of paying your local/state taxes and social.

[Oddball77]

Originally Posted by Fokkerdriver

To be fair - it could hardly get any worse.

I was offered 2000 Euro for a DEC A330 at Heston…..I was getting double that being unemployed.

What social welfare were you on? Making 4k Euros a month sitting at home twiddling your thumbs?

[Golfss]

Originally Posted by Oddball77

What social welfare were you on? Making 4k Euros a month sitting at home twiddling your thumbs?

17 kids probably - they have to provide some benefit!

[A321drvr]

I was getting just over 3k EUR worth (no kids, unmarried) in local currency years ago in one of the nordic countries when my fmr. company went bust. Granted after 3 months it would've been reduced ever slightly every month depending on the jobs I'm turning down at the local job centre but i was already flying elsewhere by that time.