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Old 04-27-2007, 06:36 AM
  #31  
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Default The Future

Originally Posted by Lanesuzza
Skyhigh I know someone who is in your position.

I have a good friend who is retired from IBM and flies every summer in Alaska. He is collecting a good retirement from IBM and earns a good wage flying during the tourist season in Alaska. He loves it! That plan worked out very well for him.
The future of a successful flying career lies in the pursuit of it after retirement from another field that pays a real wage.

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Old 04-27-2007, 06:38 AM
  #32  
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Default Catch 22

Originally Posted by SAABaroowski
Im telling you, I would give up the airline thing in a second if it meant I could be financially secure and own a J-3, and a hanger where me and my buddies could drink and watch the Yankees
It is becoming very difficult to accomplish any level of financial security as a working pilot.

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Old 04-27-2007, 06:38 AM
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If anyone is interested in some facts (rather than SkyHigh's soapbox), I have compiled some good information.

In the year 2002, 28,659 new private pilot certificates were issued.
In the year 2005, 20,889 new private pilot certificates were issued.
The average age of a private pilot has gone from 44.6 years old to 47.4 years old over the past ten years.

Every year, approximately 2.5 times as many student pilot certificates are issued as private pilot certificates. This means for every 2.5 people who start flight training, only 1 will get his private. AOPA sights this as their biggest challenge, and that is why they have created project mentor.

In the year 2002, 12,299 new commercial pilot certificates were issued.
In the year 2005, 8,834 new commercial pilot certificates were issued.
The average age of a commercial pilot has gone from 43.7 years old to 46.0 years old over the past ten years.

In the year 2002, 6,221 new flight instructor certificates were issued.
In the year 2005, 4,654 new flight instructor certificates were issued.
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Old 04-27-2007, 06:39 AM
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Originally Posted by SAABaroowski
Im telling you, I would give up the airline thing in a second if it meant I could be financially secure and own a J-3, and a hanger where me and my buddies could drink and watch the Yankees
Let me know when, I'll take a piece of that action!
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Old 04-27-2007, 06:42 AM
  #35  
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Default Facts

Originally Posted by aerospacepilot
If anyone is interested in some facts (rather than SkyHigh's soapbox), I have compiled some good information.

In the year 2002, 28,659 new private pilot certificates were issued.
In the year 2005, 20,889 new private pilot certificates were issued.
The average age of a private pilot has gone from 44.6 years old to 47.4 years old over the past ten years.

Every year, approximately 2.5 times as many student pilot certificates are issued as private pilot certificates. This means for every 2.5 people who start flight training, only 1 will get his private. AOPA sights this as their biggest challenge, and that is why they have created project mentor.

In the year 2002, 12,299 new commercial pilot certificates were issued.
In the year 2005, 8,834 new commercial pilot certificates were issued.
The average age of a commercial pilot has gone from 43.7 years old to 46.0 years old over the past ten years.

In the year 2002, 6,221 new flight instructor certificates were issued.
In the year 2005, 4,654 new flight instructor certificates were issued.
Facts are great but it is the results of study that make them interesting.

8,834 new commercial pilots per year is a huge amount of professional grade career entrants.

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Old 04-27-2007, 07:03 AM
  #36  
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8,843 new commercial pilots, that’s enough for all the FO’s skybus and virgin America will need, and that’s one year!

I say lets make it easier to become a 121 pilot. We can help all those who want to fly professionally achieve there dream easily. With the market flooded with pilots we can enable folks to fly across the country for less than the cost of dinner. Why not?
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Old 04-27-2007, 07:04 AM
  #37  
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Interesting data.
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Old 04-27-2007, 07:08 AM
  #38  
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Default Fact

Fact: Currently there are more flight instructors (91,343) than there are students (84,866).


In 1970 the majority of pilots were private pilots. (303,779 PVT versus 186,821 COM plus 34,430 ATP). 57% were pvt pilots


In 2006 the majority now is of professional grade pilots. 236,147 PVT versus 130,234 COM plus 144,681 ATP Now 46% are private pilots.

The results are that there are more professional grade pilots than ever before and the statistics continue to increase.

http://www.aopa.org/special/newsroom/stats/pilots.html


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Old 04-27-2007, 07:10 AM
  #39  
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Originally Posted by SAABaroowski
Anybody notice how many Foreclosers there have been in the past few years? People just don't make enough money now and most are buried in debt, The "Middle Class" is not what it used to be, this country seems to be favoring towards, Wealthy, or Lower Lower middle class" either pay your mortgage, or go fly??????????what you think they are going to do?
This is the true sign of things to come. . . .
The aggressive lending practices to poor credit risk individuals has fueled this forclosure market. The homebuilders, are doing anything in their power to get rid of current inventory. Almost 180,000 new homes are is sitting on the market unsold. Homes are sitting on the market for almost 8 months. Remember, if the homebuilders cannot sell their homes they will lose some of their financing for future builds.

The ARM's that are being sold have surprised many borrowers who are now faced with payments that are in some cases double. With discretionary income available, other industries will soon feel the hurt that the homebuilders are feeling.

Add to that the skyrocketing fuel prices and health insurance premiums, the gigantic expenditures on an Iraq War and you can soon see that this country is teetering on a massive calamity. The US dollar is weak (meaning that investment in the US is not attractive).

The only solution, so we don't fall into a recession is to raise the lending rates. However, this could even spur future economic decline forcing many more over the edge who own ARM loans. It's a very precarious position that the economy is in. The Fed's have to sit and wait. It's like a stock that has been trading in a range for years . . . It can breakout upward OR downward . . . If it breaks down, watch for MASSIVE panic selling and a long spiral of higher prices and lower pay. It's pretty scary.
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Old 04-27-2007, 07:13 AM
  #40  
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Originally Posted by SkyHigh
Facts are great but it is the results of study that make them interesting.

8,834 new commercial pilots per year is a huge amount of professional grade career entrants.

SKyHigh
yes but since that number is declining you cant argue that the trend of too many pilots is slowing, which is a good thing and may eventually help the industry just based on supply and demand. With the number of airlines, corporate outfits, and the new VLJ, the demand for (qualified) pilots is going to be high no doubt, which hopefully will in turn raise the pay and QQL.
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