PSA Exercises options on 24 CRJ900's
02-09-2015 | 10:28 AM
#62
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From: Satisfied
02-09-2015 | 10:55 AM
#64
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Well let's consider that:
PSA has 1100 pilots right now and originally had a mix of 49 CRJs. Plus 30 900s. Plus 47 700s. Plus 24 900s.
So total fleet now going to 150 aircraft.
Figure 13 pilots per plane, so 1950 pilots total. If it is only 11 pilots per plane like many other regionals right now, 1650. So at best, 850 pilots more is what they need, 550 at worst. That is right seat hiring my friend.
Let's say you get hired today, your class date will be some time around late April, seniority around 1250. When will you make Captain? You need to get to number 925, or 325 numbers right? PSA said their attrition was around 100 last year. Let's say this year they get an increase in flow and their attrition is 150. It will take a little over 2 years to upgrade. That isn't too bad. Every month will add another year to upgrade basically.
The super fast, less than a year upgrade, going on for people in he right spot right now, IS gone. PSA will have a decent upgrade if hired before may or so, IMHO.
PSA has 1100 pilots right now and originally had a mix of 49 CRJs. Plus 30 900s. Plus 47 700s. Plus 24 900s.
So total fleet now going to 150 aircraft.
Figure 13 pilots per plane, so 1950 pilots total. If it is only 11 pilots per plane like many other regionals right now, 1650. So at best, 850 pilots more is what they need, 550 at worst. That is right seat hiring my friend.
Let's say you get hired today, your class date will be some time around late April, seniority around 1250. When will you make Captain? You need to get to number 925, or 325 numbers right? PSA said their attrition was around 100 last year. Let's say this year they get an increase in flow and their attrition is 150. It will take a little over 2 years to upgrade. That isn't too bad. Every month will add another year to upgrade basically.
The super fast, less than a year upgrade, going on for people in he right spot right now, IS gone. PSA will have a decent upgrade if hired before may or so, IMHO.
02-09-2015 | 11:11 AM
#65
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02-09-2015 | 11:32 AM
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02-09-2015 | 11:35 AM
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Actually if you think 150 per year attrition, it wil go up every 2-3 months I guess. If you take 70 per month hired, it would be 2 months. If you take 70 per month hired with an 18% washout rate, it would be 3 months
so every 3 months it will go up a year. So if hired in April - 2 years. July - 3 years. October - 4 years. December - 5 years.
so every 3 months it will go up a year. So if hired in April - 2 years. July - 3 years. October - 4 years. December - 5 years.
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