skybolt

How will the recent change in 121 retirement affect corporate hiring?

Will it matter?

airventure

During my training, I'd make a guess and say 1/3 of the instructors are mandatorily retired airilne guys. Heck, my sim partner just turned 60 a month ago, talk about bad luck. I guess you could argue that it may keep some older folks away from corporate aviation, but for the most part I don't see it being much different.

-Brett

Ziggy

I don't think it will. Most corporate flight departments rival the top airlines in QOL, pay vs time, and equipment operated. Corporate aviation has alway, and will continue to be highly competitive for those reasons.

Ewfflyer

Part 91 and Part 135 have no age restriction, so no it should not affect corporate flight hiring, becase honestly there's always a surplus of available pilots vs. hirings anyways.

HawkerJet

Some of the talk on the airline side is the affect of working till 65 and your longevity thereafter.

In the corporate world, including fracs, there are many pilots over 60. Does anyone have stats, anecdotal or otherwise about pilot longevity outside of the airline environment?

cjdriver

My dad is 73 and still at it, 20000 hours and counting. He flies more than I do.

FlyHappy

Since most corporate flying is Part 91, it isn't going to make a bit of difference as far as corporate pilots are concerned. I don't think there's a huge amount of 121 pilots moving to corporate at retirement as it is.

geosynchronous

Many corporate flight departments have mirrored the 121 side of the house by providing a golden parachute to pilots who turned 60, or even 62. Although not mandatory, the age 60 rule did affect part 91 operations. This golden parachute usually consisted of a large sum of cash and a bridge for insurance benefits until Medicare kicked in. I emphasize that many departments have done this, not ALL.

My company currently offers such a plan. You can take the parachute if you want. If you don't want to take it, you can continue to fly as long as you hold your FAA Medical and you take two corporate physicals per year. The whole golden parachute incentive goes away if you do not retire at age 60.

There was an ExxonMobil pilot who filed with the EEOC when they (Exxon) had a mandatory retirement clause at at 60, when the FAR's did not have any rules.

I would like to assume that he/she is very rich right now...