Good news for those getting trained in the P-8, if they're going to the airlines when their obligation is up: it looks like 737 pilots can get to $100/hr in about five years or so in most cases. Or they could take the ACCP, stay in long enough to get retirement benefits, and then make the lateral move. Not a bad place to be.
Yeah, that's a good point, I hadn't thought of that. Although with this new regulation coming out, you'd only need 750 hours total time to fly right-seat in the airlines. But it may not necessarily be competitive, depending on the job market at the time. And from what I hear, this isn't the first time people have forewarned a significant pilot shortage, and last time it really didn't amount to anything:
http://www.aviationinterviews.com/pilot/airlinepayrates.html) [/quote] This is a good site for pay too. http://www.airlinepilotcentral.com/
Right, that's what I meant when I said it may not be competitive. It certainly wouldn't be competitive today. But if this shortage turns out to be as severe as some people believe, competitive mins will probably come down a bit. On top of that, I'd think airlines would also look favorably on prior military applicants because of the other skills they develop during their service.
Actually, yes you did
Do a search in that page for "750" and it'll say what you need to get an ATP with restricted privileges. The restricted ATP allows you to fly as an FO for the airlines if you are a military pilot with 750 hours.What I meant is that instead of paying the $7,000-$10,000 that civilians would need to pay to get their 737 type rating, P-8 pilots just need to do a bit of paperwork with the FAA to get the type added to their certificate.
As far as I know, you are correct. The new reg will be 1500 hours/ATPs for all. Regionals will get the 1500 hour guys while majors will get higher time. I do think military with at least 1500 hours will be treated by the majors as they always have been (i.e. chance to go directly to a major).