CoffeeIcePapers
Well-Hung Member
My thought experiment was as to the steady-state replacement rate of pilots given 1500 and current aggregate instruction hours in the US.
There may well be pilots that will move around, but eventually equilibrium will be reached.
Over time, given 1,000 new pilots/year, that would cap the air line pilot population at 40,000, which would support about 4,000 airframes. We have over 7,000 now.
Of course, instruction hours will pick up if there is a "pilot shortage." Which would increase the pilot supply, but not by much - it would take 10 new students to mint 1 airline-hireable instructor.
I think that time frame is a couple of decades away. I wish I knew the average regional pilot age, but I can't imagine it is much higher than 45. Even if it is 45, then that is 20 years worth of pilot pool that the majors have.
There is a big problem with new students, but I think those problems are going away. Organizations like the AOPA, SAFE, FSANA and others are really looking at the data and working on problems. I was at the FSANA conference last week, and it looks like the major bank players are getting back into the game. Sallie Mae (ATP has had this, while nearly everyone else got cut off), Wells Fargo, and other banks are starting to lend again.