15 September 2018

If Only there Were Some Sort of Token Representing Value that Could Restore Balance

It turns out that that there has been a exodus of pilots from business aviation, which is now depressing aircraft sales.

The solution is simple: If you want more pilots, pay more for them. Supply will then take care of itself:
A growing shortage of pilots in Europe is hitting business aircraft sales, as owners struggle to source crews to fly their assets.

That is the view of UK aircraft sales and marketing company Colibri Aircraft, which predicts the squeeze on business aircraft pilots will continue over the coming years, as commercial airlines poach crews in increasing numbers to help address their recruitment demands.

Colibri says around 70% of sales it works on encounter difficulties in relation to guaranteeing sufficient access to flightcrews. "Five years ago, this affected only 20% of our cases," it notes.

………

This shortfall is a combination of several factors, he explains, including the legal retirement age for pilots being set at 65, and growing demand for pilots from overseas markets – especially Africa, Asia and the Middle East.
Really, the solution is simple: Pay your pilots more, and they stay with you.

Econ 101.

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