National Seniority List
05-10-2021, 10:00 AM
#122
Banned
Thread Starter
Joined APC: Dec 2016
Position: Sitting
Posts: 223
Originally Posted by TransWorld
Slice the bone spur open. Sprinkle with gun powder. Light it off. No more bone spur worries.
05-13-2021, 12:16 PM
#124
Gets Weekends Off
Joined APC: Aug 2015
Position: Guppy Gear Slinger
Posts: 1,850
Originally Posted by Grumpyaviator
ERAU kids could just have mommy buy them into the left seat of a DAL widebody.
Acquiring a pilot career, in this case, would be somewhat similar. The seat you'd be buying has no actual assets, like most professional services firms that don't have many real assets and no inventory of goods. Instead, you're buying a profit flow (the annual compensation associated with that seat). You have to put in your own labor to realize that income stream, but the same applies if you, say, bought an accountancy practice.
So let's see. If we assume for a moment that the average widebody DAL CA clears, say, $450K/year, then the going price for that seat would be anywhere from $1.35M to $2.25M. This assumes of course that the purchaser is young enough to be able to occupy that seat for noticeably more than the 3-5 years required to recoup the initial investment.
By this logic a NBFO seat at mainline would retail for around $600K-$1M, assuming average NBFO comp of approx $200K.
And a regional FO seat would go for about $150-$250K.
Alrighty then. Any of you legacy 777 CAs want to retire early, hit me up
(Disclaimer: I am in no way an ERAU kid.)
Last edited by Turbosina; 05-13-2021 at 12:33 PM.
05-14-2021, 09:01 AM
#126
Gets Weekends Off
Joined APC: Sep 2020
Posts: 407
Originally Posted by Turbosina
Hmm, let's see, I'm actually curious what the going rate would be. As a very, very general rule of thumb, companies in the service industries with few assets (think professional service consultancies like architecture firms, design firms, legal practices, accountants etc etc) typically sell for anywhere from 3X-5X EBITDA (earnings before interest, taxes, depreciation and amortization).
Acquiring a pilot career, in this case, would be somewhat similar. The seat you'd be buying has no actual assets, like most professional services firms that don't have many real assets and no inventory of goods. Instead, you're buying a profit flow (the annual compensation associated with that seat). You have to put in your own labor to realize that income stream, but the same applies if you, say, bought an accountancy practice.
So let's see. If we assume for a moment that the average widebody DAL CA clears, say, $450K/year, then the going price for that seat would be anywhere from $1.35M to $2.25M. This assumes of course that the purchaser is young enough to be able to occupy that seat for noticeably more than the 3-5 years required to recoup the initial investment.
By this logic a NBFO seat at mainline would retail for around $600K-$1M, assuming average NBFO comp of approx $200K.
And a regional FO seat would go for about $150-$250K.
Alrighty then. Any of you legacy 777 CAs want to retire early, hit me up (Disclaimer: I am in no way an ERAU kid.)
Acquiring a pilot career, in this case, would be somewhat similar. The seat you'd be buying has no actual assets, like most professional services firms that don't have many real assets and no inventory of goods. Instead, you're buying a profit flow (the annual compensation associated with that seat). You have to put in your own labor to realize that income stream, but the same applies if you, say, bought an accountancy practice.
So let's see. If we assume for a moment that the average widebody DAL CA clears, say, $450K/year, then the going price for that seat would be anywhere from $1.35M to $2.25M. This assumes of course that the purchaser is young enough to be able to occupy that seat for noticeably more than the 3-5 years required to recoup the initial investment.
By this logic a NBFO seat at mainline would retail for around $600K-$1M, assuming average NBFO comp of approx $200K.
And a regional FO seat would go for about $150-$250K.
Alrighty then. Any of you legacy 777 CAs want to retire early, hit me up
(Disclaimer: I am in no way an ERAU kid.)
05-15-2021, 08:37 PM
#127
Gets Weekends Off
Joined APC: Jun 2014
Position: A320 CA
Posts: 491
Originally Posted by Turbosina
By this logic a NBFO seat at mainline would retail for around $600K-$1M, assuming average NBFO comp of approx $200K.
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