The pilot shortage is so desperate that one airline is trying to lure workers with interest-free loans [Fortune]
Mesa Air Group, Inc. (MESA)
Last mesa air group, inc. earnings: 2/10 04:02 pm
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Source: Fortune
This past summer, as many travelers contended with delays or canceled flights, airlines repeatedly invoked the same excuse: There aren’t enough pilots to keep up with demand. Now, one airline is trying to bring more pilots into the fold by taking away financial barriers to getting a license. On Thursday, Mesa Air Group announced the purchase of 29 training aircraft for new pilots to use for racking up the federally-mandated 1,500 hours in the air, along with plans to possibly acquire 75 more over the next year. Flight time is not free, and often poses an obstacle to would-be pilots, so Mesa plans to extend interest-free loans to ease the burden. Pilots in training with the airline will be eligible for up to 40 hours of flight time per week at a cost of $25 per hour, fully financed by Mesa. Becoming a pilot Mesa says that the new training planes will form the backbone of its Mesa Pilot Development Program. “Our program will be the most cost effective and one of the fastest routes
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MESA
News
- Mesa Air Group Discloses Notice from NasdaqGlobeNewswire
MESA
Earnings
- 8/9/23 - Miss
MESA
Sec Filings
- 5/10/24 - Form NT
- 5/6/24 - Form 8-K
- 2/27/24 - Form 10-K/A
- MESA's page on the SEC website