Chris Holden

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Bhanu Choudhrie Calls On Congress To Address Pilot Shortage

by Chris Holden - October 10th, 2019.
Filed under: CEO, Entrepreneur.

Because the cost of fuel is lower and the economy is better, more people than ever are taking flights with airlines. What follows is the price of tickets has gone down. These statistics are looking like they will continue to incline.

Even though this sounds like amazing news, there is a dark side to this fact. Bhanu Choudhrie an aviation expert explains that since more people are using the airlines, these airlines need to increase the growth of its number of pilots. If the growth of pilots continues to increase so slowly at the same rate, by 2020 there will not be enough pilots to fly these planes.

Luckily congress is looking to hopefully fix this problem with a new legislation to reauthorize the Federal Aviation Administration. The chairman of the Senator Commerce Committee is actively making a change by trying to make it a lot easier for co-pilots to obtain their license.

Follow Bhanu Choudhrie on LinkedIn

Bhanu Choudhrie states one problem with gaining more pilots is that they used to go through the military to become pilots. This was a lot easier. Now most are trying to obtain their license through flight lessons privately. While this could sound ideal, it’s actually higher in cost and takes a lot more time. This means not as many people will be motivated or financially capable of becoming a pilot which makes it even more of a problem.

Bhanu Choudhrie says this has become so much of a problem that the age to retire for pilots was heightened to 65. This was done in the hopes that there will be more pilots by having them retire later. This doesn’t really help much and is a faulty solution because the problem is younger people aren’t becoming pilots. Many pilots will retire anyway regardless of the raise to the maximum age, according to Bhanu Choudhrie, which makes the solution less effective.

The cost to become a pilot is expensive. The cost sits at a towering 150k. However, the pay starts at 20k for entry level pilots. Many would say this is not enough compensation for such an investment.

Find more about Bhanu Choudhrie: https://www.thisismoney.co.uk/money/article-1690283/Millionaire-Interview-Bhanu-Choudhrie.html

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