MAJOR news about 1500 hour rule change
06-24-2019, 05:49 PM
#291
Line Holder
Joined APC: Apr 2018
Posts: 70
Originally Posted by ItnStln
Was that through private or federal student loans?
Do it however you can do it, banks weren’t lending me 60k in 2009. Maybe things have changed, but that was my experience.
06-24-2019, 07:11 PM
#292
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,224
Originally Posted by Flyboy68
Or look at it this way.
There’s no reason for the majors to want to increase the retirement age. Those pilots approaching retirement age are the highest paid of all their pilots. There are numerous younger qualified pilots at the majors who’ll gladly take those CA seats in the wide bodies and cost them less money.
Looking at it from a financial standpoint, it’s much cheaper to retire those 65 year old captains, let a junior captain have that seat, and hire a regional captain as a new FO. Rinse and repeat.
There’s no reason for the majors to want to increase the retirement age. Those pilots approaching retirement age are the highest paid of all their pilots. There are numerous younger qualified pilots at the majors who’ll gladly take those CA seats in the wide bodies and cost them less money.
Looking at it from a financial standpoint, it’s much cheaper to retire those 65 year old captains, let a junior captain have that seat, and hire a regional captain as a new FO. Rinse and repeat.
Remember airlines rent surge sim capacity as needed... but there's not going to be enough if they all want it, all at once.
In my observation, the legacies do not yet have a comprehensive plan which they can implement to handle peak retirements. It's not just ab initio training, it's the whole pipeline cessna to WB. They may just be hoping for a timely recession...
06-24-2019, 07:13 PM
#293
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,224
Originally Posted by 4V14T0R
Unless you want to go to Delta.
06-24-2019, 08:11 PM
#294
Gets Weekends Off
Joined APC: Mar 2011
Position: 737 FO
Posts: 2,480
Originally Posted by rickair7777
This is apparently true. They consider more than four years (five for engineering?) to be a sure sign of slacking. Not sure if that could be explained away at an interview. "So tell us then, why were you born to parents with a low net worth? And why should we hire you?"
06-24-2019, 09:39 PM
#295
Gets Weekends Off
Joined APC: Feb 2010
Posts: 2,276
Originally Posted by rickair7777
This is apparently true. They consider more than four years (five for engineering?) to be a sure sign of slacking. Not sure if that could be explained away at an interview. "So tell us then, why were you born to parents with a low net worth? And why should we hire you?"
06-25-2019, 10:13 AM
#296
Gets Weekends Off
Joined APC: Jan 2007
Posts: 692
Originally Posted by rickair7777
When the sim capacity in the pipeline cannot handle X retirements/month multiplied by 8-10 training events (cascading equipment and seat changes from WB's all the way down to RJs) airlines will beg for age 65. May not solve the problem but it will help mitigate the damage a little for a couple years.
Remember airlines rent surge sim capacity as needed... but there's not going to be enough if they all want it, all at once.
In my observation, the legacies do not yet have a comprehensive plan which they can implement to handle peak retirements. It's not just ab initio training, it's the whole pipeline cessna to WB. They may just be hoping for a timely recession...
Remember airlines rent surge sim capacity as needed... but there's not going to be enough if they all want it, all at once.
In my observation, the legacies do not yet have a comprehensive plan which they can implement to handle peak retirements. It's not just ab initio training, it's the whole pipeline cessna to WB. They may just be hoping for a timely recession...
06-27-2019, 12:19 PM
#298
Gets Weekends Off
Joined APC: Dec 2016
Posts: 1,582
Originally Posted by DarkSideMoon
Mine was all federal.
Originally Posted by RickGassko
Federal. That’s the point SoFlo, DarkSide, and I tried to get across that its easier; and in my case, the only option to secure the financing for flying without having to spend years working in order to pay for the flying as I went along.
Do it however you can do it, banks weren’t lending me 60k in 2009. Maybe things have changed, but that was my experience.
Do it however you can do it, banks weren’t lending me 60k in 2009. Maybe things have changed, but that was my experience.
06-27-2019, 08:23 PM
#299
Gets Weekends Off
Joined APC: Nov 2017
Posts: 2,230
Originally Posted by ItnStln
Thanks for the information! Can either of you PM me with more details? About five years ago I looked at transferring from WVU to Embry-Riddle after two years. After getting accepted and submitting for the federal loans, they were going to give me the same amount I was already getting for a non-aviation program. If the feds are still giving out more money for aviation programs, I’ll look at going to a local community college or WVU Tech’s Aviation Management instead of why I’ve been doing. Thanks again, and I would appreciate any information!
06-28-2019, 10:10 AM
#300
Gets Weekends Off
Joined APC: Dec 2016
Posts: 1,582
Originally Posted by SoFloFlyer
I’d stick to WVU, man. It’s cheaper and you can always transfer to a school like Liberty to finish up the bachelors degree
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