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
The pilot shortage is forcing airlines to get creative.Getty/Colin Anderson ProductionsThis past summer, as many travelers contended with delays or canceled flights, airlines repeatedly invoked the same excuse: There aren’tenough pilots to keep up with demNow, one airline is trying to bring 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-mated 1,500 hours in the air, along with plans to possibly acquire 75 over the next year.Flight time is not free, 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 pilotMesa says that the new training planes will form the backbone of its Mesa Pilot Development Program. “Our program will
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MESA
News
- Mesa Air Group Discloses Notice from NasdaqGlobeNewswire
MESA
Earnings
- 8/9/23 - Miss
MESA
Sec Filings
- 5/6/24 - Form 8-K
- 2/27/24 - Form 10-K/A
- 2/26/24 - Form 4
- MESA's page on the SEC website