When the industry is in the toilet like it is now and there is an abundance of pilots looking for jobs, the chances that someone with low time and wet ink on a commercial or CFI certificate will catch a break are rather slim. Instead you will come across companies like Castle taking advantage of the situation by charging pilots for some flight time without creating expenses on their end. Pretty much free money for them. You are not taking a job from someone but you are not really helping yourself either. Here are some issues you might consider:
How much time will this opportunity cost you? Will you be working full time to the point you cannot take on another job that actually brings in some money? If so, what will that do to your financial situation for the future? Will you accrue debt from daily expenses that you cannot pay?
How long could you maintain your own currency with $2500? Do you think you could get another job that pays you money sooner then you would burn through $2500 to maintain currency? Could you find even a minimum wage job in the meantime to offset expenses and save some money?
How much time could you expect to log in a year? Two years? When the economy and industry turn around hiring minimums will stay high for quite awhile. You might be able to reach the multi minimums for a regional but you would still likely fall way short of the minimum total time requirements.
When hiring resumes I think it will be a long time before we see minimums below 1500/500. That is just a guess I'm pulling out of my butt, however considering the number and experience level of pilots on the street, I doubt it is too far off. Unlike after 9/11, not only are pilots being furloughed but a lot of companies are shutting down. The market is getting flooded with pilots that do not have jobs to go back to. This is another reason why I think hiring minimums at the regionals will stay high for a couple of years.
How much time will this opportunity cost you? Will you be working full time to the point you cannot take on another job that actually brings in some money? If so, what will that do to your financial situation for the future? Will you accrue debt from daily expenses that you cannot pay?
How long could you maintain your own currency with $2500? Do you think you could get another job that pays you money sooner then you would burn through $2500 to maintain currency? Could you find even a minimum wage job in the meantime to offset expenses and save some money?
How much time could you expect to log in a year? Two years? When the economy and industry turn around hiring minimums will stay high for quite awhile. You might be able to reach the multi minimums for a regional but you would still likely fall way short of the minimum total time requirements.
When hiring resumes I think it will be a long time before we see minimums below 1500/500. That is just a guess I'm pulling out of my butt, however considering the number and experience level of pilots on the street, I doubt it is too far off. Unlike after 9/11, not only are pilots being furloughed but a lot of companies are shutting down. The market is getting flooded with pilots that do not have jobs to go back to. This is another reason why I think hiring minimums at the regionals will stay high for a couple of years.