Forbes: Regional Airlines Shrinkage/Consolida
01-29-2016, 12:11 PM
#111
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Posts: 472
https://www.faa.gov/pilots/training/...ority_List.pdf
a lot of smaller places are on the list - in addition to the usual suspects. I assume they use it as a "differentiator" to lure in prospective candidates. It comes down to the cost of college and lower flight time vs. the cost / opportunity cost of getting 1,500 hours.
Interesting to note is that there is nor really high end engineering program on there. You could be an aero astro graduate from MIT but they don't qualify ....
01-29-2016, 12:43 PM
#112
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Joined APC: Jun 2014
Posts: 923
The funny thing is that your college doesn't have to be that fancy
https://www.faa.gov/pilots/training/...ority_List.pdf
a lot of smaller places are on the list - in addition to the usual suspects. I assume they use it as a "differentiator" to lure in prospective candidates. It comes down to the cost of college and lower flight time vs. the cost / opportunity cost of getting 1,500 hours.
Interesting to note is that there is nor really high end engineering program on there. You could be an aero astro graduate from MIT but they don't qualify ....
https://www.faa.gov/pilots/training/...ority_List.pdf
a lot of smaller places are on the list - in addition to the usual suspects. I assume they use it as a "differentiator" to lure in prospective candidates. It comes down to the cost of college and lower flight time vs. the cost / opportunity cost of getting 1,500 hours.
Interesting to note is that there is nor really high end engineering program on there. You could be an aero astro graduate from MIT but they don't qualify ....
01-29-2016, 02:39 PM
#113
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Joined APC: Dec 2007
Position: 777 FO
Posts: 793
And I am not arguing your point either. The FAA most certainly could lower the hours. My point is that they won't for two reasons. They already have lowered the time requirement for aviation majors and military pilots and because as stated earlier, if another accident happened with a pilot in the cockpit because of the lowered minimus it would end the careers of all involved in lowering said minimums. No one is going to fall on their sword just because the some airlines can't find pilots.
01-29-2016, 02:44 PM
#114
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Joined APC: Jul 2013
Posts: 10,534
The funny thing is that your college doesn't have to be that fancy
https://www.faa.gov/pilots/training/...ority_List.pdf
a lot of smaller places are on the list - in addition to the usual suspects. I assume they use it as a "differentiator" to lure in prospective candidates. It comes down to the cost of college and lower flight time vs. the cost / opportunity cost of getting 1,500 hours.
Interesting to note is that there is nor really high end engineering program on there. You could be an aero astro graduate from MIT but they don't qualify ....
https://www.faa.gov/pilots/training/...ority_List.pdf
a lot of smaller places are on the list - in addition to the usual suspects. I assume they use it as a "differentiator" to lure in prospective candidates. It comes down to the cost of college and lower flight time vs. the cost / opportunity cost of getting 1,500 hours.
Interesting to note is that there is nor really high end engineering program on there. You could be an aero astro graduate from MIT but they don't qualify ....
01-29-2016, 04:40 PM
#116
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Thread Starter
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Posts: 516
01-29-2016, 04:54 PM
#117
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Joined APC: Oct 2015
Posts: 472
Interesting - but equally ill informed as the other Forbes article. Growth is generally measured in ASM (available seat miles) in aviation and the hopefully resulting revenue. There is still plenty of slack in the system..... you can always up gouge ... which is what we are seeing.
I continue to be amazed at the lobbying that is going on to ultimately reverse the trend of increasing labor cost.
I cannot blame them but hope that congress won't budge.
Last edited by N1234; 01-29-2016 at 05:24 PM.
01-29-2016, 06:02 PM
#119
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Joined APC: Feb 2012
Position: CRJ FO
Posts: 4,601
Well... Maybe, maybe not. I'm not so sure it will be the "disaster" people are making it out to be. Will there likely be a large correction? I think yes. But I don't see it being anything like a "disaster".
01-29-2016, 06:54 PM
#120
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Joined APC: Oct 2014
Position: Downward-Facing Dog Pose
Posts: 1,537
Think of it in terms of "crisis", Chris. Each subsequent financial "crisis" over the last 20 years has been exponentially greater than the last, with the last one (sub-prime '08) causing the Fed to engage in historical, never-been-done "Quantitative Easing" in order to save the banks from contagion. And it wasn't a 1 shot deal, either....it's been through not 1, not 2, but 3 (three) successive rounds of Quantitative Easing! And don't forget the massive "bank bailout" that preceded the QE'ing.
All they've (the Fed Reserve...ie. America's Central Bank) have managed to do is kick the can of reckoning down the road for 7 years while making the next crisis exponentially greater than the last. Only this time when the next one hits (it's already begun, in fact), they are completely and utterly out of policy tools. After all, what are they gonna do when the crisis becomes undeniable? Lower interest rates to zero? Print even more money?
No, the reckoning is now at hand. The Law of Diminishing now strikes with it's full vengence. The indications are everywhere for those who actually know what they are looking at. It's actually the opportunity of a lifetime for those who can and know how to trade the coming disaster, whereas the fools are "buying the dip" (see the market action today). They don't realize it, of course, but the fools are getting ready to be slaughtered like proverbial fatted calves, and just like the fat calves they aren't going to know what hits them before it is too late.
The good news is that Obama's detractors aren't going to have to do anything. His own supporters will be tearing him to pieces before all is said and done. And that will be a very gratifying and satisfying thing to watch.
All they've (the Fed Reserve...ie. America's Central Bank) have managed to do is kick the can of reckoning down the road for 7 years while making the next crisis exponentially greater than the last. Only this time when the next one hits (it's already begun, in fact), they are completely and utterly out of policy tools. After all, what are they gonna do when the crisis becomes undeniable? Lower interest rates to zero? Print even more money?
No, the reckoning is now at hand. The Law of Diminishing now strikes with it's full vengence. The indications are everywhere for those who actually know what they are looking at. It's actually the opportunity of a lifetime for those who can and know how to trade the coming disaster, whereas the fools are "buying the dip" (see the market action today). They don't realize it, of course, but the fools are getting ready to be slaughtered like proverbial fatted calves, and just like the fat calves they aren't going to know what hits them before it is too late.
The good news is that Obama's detractors aren't going to have to do anything. His own supporters will be tearing him to pieces before all is said and done. And that will be a very gratifying and satisfying thing to watch.
Last edited by SayAlt; 01-29-2016 at 07:05 PM.
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