So given 79 pilots will leave PSA in 2014 based on the
2013 attrition rate of 17%. PSA will take delivery of at least 12 CRJ-900s in 2014 requiring a minimum of 60 upgrades.
2014 minimum upgrades = 139
PSA will need to put captains in 18 CRJ-900s in 2015 by June requiring 90 upgrades. Attrition from January to June 2015 will be about 66 pilots. That's 156 additional upgrades by June 2015.
2015 minimum upgrades = 156
Basically 300 upgrades by June 2015.
By June 2015 145 pilots will have left PSA
PSA has about 500-550 line pilots right now. The most junior captain in June 2015, 17 months, has not been hired yet.