Where is the market?
#1
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Joined APC: Mar 2006
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Where is the market?
As a freshman in college majoring in avation, I am wondering where everybody thinks the market will be in 6 years? I know this is all just speculation but I have been reading stuff on the VLJ market and wonder if you guys think that will take off, and will major airlines recover?
#2
The industry is beyond dynamic. There is absolutely no way to predict where it will be. Six years ago I would have been a captain at a regional by now and applying at Majors with 3000 total.
The VLJ market won't take off any more than any other segment of bizjets. They're pricey, have limited capability compared to larger jets, and the market won't be driven by regulation, it will be run by insurance which will make it difficult for many people now flying light twins to obtain. (note,this is my speculation)
The VLJ market won't take off any more than any other segment of bizjets. They're pricey, have limited capability compared to larger jets, and the market won't be driven by regulation, it will be run by insurance which will make it difficult for many people now flying light twins to obtain. (note,this is my speculation)
#3
As someone who loves to make predictions, I still can't make a prediction on the entire industry in 6 years.
I will however chime in on the VLJ's. I think they will be popular in 6 years. I think there is an incredible market for VLJ's, and I think you will see large numbers of them flying in 6 years. I believe Eclipse has gotten over 2200 orders for their VLJ, and the A-700 is selling much faster than Adam aircraft predicted. There was an interesting thread about VLJ's in the corporate forum that I would suggest reading. Just search VLJ and I think it was called Article of VLJ's.
I will however chime in on the VLJ's. I think they will be popular in 6 years. I think there is an incredible market for VLJ's, and I think you will see large numbers of them flying in 6 years. I believe Eclipse has gotten over 2200 orders for their VLJ, and the A-700 is selling much faster than Adam aircraft predicted. There was an interesting thread about VLJ's in the corporate forum that I would suggest reading. Just search VLJ and I think it was called Article of VLJ's.
#5
Originally Posted by ryane946
As someone who loves to make predictions, I still can't make a prediction on the entire industry in 6 years.
I will however chime in on the VLJ's. I think they will be popular in 6 years. I think there is an incredible market for VLJ's, and I think you will see large numbers of them flying in 6 years. I believe Eclipse has gotten over 2200 orders for their VLJ, and the A-700 is selling much faster than Adam aircraft predicted. There was an interesting thread about VLJ's in the corporate forum that I would suggest reading. Just search VLJ and I think it was called Article of VLJ's.
I will however chime in on the VLJ's. I think they will be popular in 6 years. I think there is an incredible market for VLJ's, and I think you will see large numbers of them flying in 6 years. I believe Eclipse has gotten over 2200 orders for their VLJ, and the A-700 is selling much faster than Adam aircraft predicted. There was an interesting thread about VLJ's in the corporate forum that I would suggest reading. Just search VLJ and I think it was called Article of VLJ's.
The good news is that if the air-taxis take off, they will create pilot jobs, and create a high-demand at the regional FO level. I could see regionals having to pay signing bonuses to attract new-hires...why sit reserve at a sh*tty regional for peanuts in some east coast toilet when you can get glass turbojet time at the home patch?
Air-taxis should attract some folks who would have driven otherwise, and even if they steal significant airline pax, well then you have 2 pilots flying 1-4 pax around instead of flying 30-90 pax...big net gain in pilot jobs.
As for owner-operators, they will have a rigorous transition program culminating in an IOE phase with a baby-sitter...and for many of those owners I suspect the IOE will last forever...more pilot jobs!
Time will tell.
Last edited by rickair7777; 04-02-2006 at 09:20 AM.
#6
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With Eclipse and other rapidly moving towards certification some of the best information on the industry as whole can be found at http://www.very-light-jet.com
Pictures, articles and up to date press releases.
Pictures, articles and up to date press releases.
#8
3,000 hours flight time (excluding helicopter, simulator and flight engineer time)
1,000 hours as Pilot-in-Command (PIC)
1,000 hours multi-engine
500 hours turbo-jet PIC
Federal Aviation Administration (FAA) Airline Transport Pilot (ATP) Certification
Current FAA First Class Medical Certificate
Federal Communication Commission (FCC) Radio License
Valid passport with the ability to travel in and out of the U.S.
Valid U.S. driver’s license
Must pass a ten (10) year background check and pre-employment drug test
Those are some serious requirements for a VLJ, specifically the Eclipse 500
I may be wrong but isnt this around 1000 hrs more then it takes to be a CRJ-700 Captain?
Oh well...maybe it is the greatest thing since peanut butter and jelly (in the same jar) only time will tell
1,000 hours as Pilot-in-Command (PIC)
1,000 hours multi-engine
500 hours turbo-jet PIC
Federal Aviation Administration (FAA) Airline Transport Pilot (ATP) Certification
Current FAA First Class Medical Certificate
Federal Communication Commission (FCC) Radio License
Valid passport with the ability to travel in and out of the U.S.
Valid U.S. driver’s license
Must pass a ten (10) year background check and pre-employment drug test
Those are some serious requirements for a VLJ, specifically the Eclipse 500
I may be wrong but isnt this around 1000 hrs more then it takes to be a CRJ-700 Captain?
Oh well...maybe it is the greatest thing since peanut butter and jelly (in the same jar) only time will tell
#9
While I agree that the VLJ's will have a more or less positive impact on pilot hiring, I disagree with this statement:
"Air-taxis should attract some folks who would have driven otherwise, and even if they steal significant airline pax, well then you have 2 pilots flying 1-4 pax around instead of flying 30-90 pax...big net gain in pilot jobs."
The economics of 2 pilots flying 1-4 passengers dont lead me to the conclusion that the "huddled masses" will be seen on VLJ's. A lot of the "regional" operators have had a hard time making any money with 2 pilots flying 55 people around. That's *part* of the reason why we have the "race to the bottom" for pilot wages.
In my opinion, the VLJ's will cater to a more exclusive crowd and will steal customers from the first class cabins of the main line airlines and corporate charter operators.
"Air-taxis should attract some folks who would have driven otherwise, and even if they steal significant airline pax, well then you have 2 pilots flying 1-4 pax around instead of flying 30-90 pax...big net gain in pilot jobs."
The economics of 2 pilots flying 1-4 passengers dont lead me to the conclusion that the "huddled masses" will be seen on VLJ's. A lot of the "regional" operators have had a hard time making any money with 2 pilots flying 55 people around. That's *part* of the reason why we have the "race to the bottom" for pilot wages.
In my opinion, the VLJ's will cater to a more exclusive crowd and will steal customers from the first class cabins of the main line airlines and corporate charter operators.
#10
Originally Posted by C152driver
While I agree that the VLJ's will have a more or less positive impact on pilot hiring, I disagree with this statement:
"Air-taxis should attract some folks who would have driven otherwise, and even if they steal significant airline pax, well then you have 2 pilots flying 1-4 pax around instead of flying 30-90 pax...big net gain in pilot jobs."
The economics of 2 pilots flying 1-4 passengers dont lead me to the conclusion that the "huddled masses" will be seen on VLJ's. A lot of the "regional" operators have had a hard time making any money with 2 pilots flying 55 people around. That's *part* of the reason why we have the "race to the bottom" for pilot wages.
In my opinion, the VLJ's will cater to a more exclusive crowd and will steal customers from the first class cabins of the main line airlines and corporate charter operators.
"Air-taxis should attract some folks who would have driven otherwise, and even if they steal significant airline pax, well then you have 2 pilots flying 1-4 pax around instead of flying 30-90 pax...big net gain in pilot jobs."
The economics of 2 pilots flying 1-4 passengers dont lead me to the conclusion that the "huddled masses" will be seen on VLJ's. A lot of the "regional" operators have had a hard time making any money with 2 pilots flying 55 people around. That's *part* of the reason why we have the "race to the bottom" for pilot wages.
In my opinion, the VLJ's will cater to a more exclusive crowd and will steal customers from the first class cabins of the main line airlines and corporate charter operators.
I too have suspicions about the economics.
Last edited by rickair7777; 07-11-2006 at 03:01 PM.
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