RE: Anyone shorting at this level will be sobbing hiding in the corner13 Sep 2023 18:59
TBH the biggest problem is finding enough Pilots, I have been in aviation training for 30+ years, I have never seen a pilot shortage like this. Wizz require 6,000 pilots over the next 6 years to match new aircraft deliveries. Plus approx 2,000 more, to replace pilots retiring and leaving for better jobs.
8000 pilots, nearly all will require a Type rating course, the training program is immense utilizing outside ATO’s (Training Co) each new crew (2 pilots) require 18 sim sessions = 72,000 sim sessions over 6 years.
Shortage of Training Captains, sim slots and Pilot shortage to recruit new hires.
You will see WIZZ have to increase the Pay & Conditions by a substantial amount to attract Pilots.
Note a self financed pilot will spend £100k to obtain the lowest qualification (CPL/IR) prior to joining an airline, there are not enough pilots able to invest £100k, hence Pilot shortage.
WIZZ profits will take a hit, they have their head in the sand.