Is now a good time to start pilot training?The short answer to that question is yes and here is why:
Length of training:
The typical entry level pilot must undergo on average two years of training before they can get hired by an airline. A cadet starting their training must complete a PPL license, ATPL theory exams, CPL license, MEIR and an MCC.
While the aviation industry is in a difficult situation at the moment, aviation as an industry continues to grow and becomes stronger after each crisis. An entry level pilot who plans on starting his training now, will be joining the aviation industry at a time of growth and recovery.
History proves it:
The terrorist attack on New York’s Twin Towers on September 11th, 2001 was considered the biggest threat to the aviation industry. In a 2006 briefing, the IATA said 9/11 had created a “large temporary impact” that reduced travel demand by more than 31% in the five months following the attacks. However, this curve soon started to change as aviation travel started to once again grow continually until 2008.
The economic crash in 2008, also affected aviation, but showed pre 2008 growth in terms of passenger numbers in 2010. While a recession will mostly likely follow the COVID19 outbreak, aviation for a 10-year period after 2008, saw a passenger growth on average of 7% yearly (2010 – 2020). While the aviation industry took a hit during the 2008 recession, its scale of growth had reached new levels within two years.
Survival of the fittest:
While a number of airlines around the world will fold, the stronger and well-structured airlines will become even stronger. A prime example of this is Flybe, which folded in March 2020. In less than a week, Aer Lingus, Loganair and Eastern Airways along with a few other airlines picked up the majority of Flybe’s old routes.
While some airlines might fold, the stronger airlines get bigger and require more planes, more routes and more pilots to cater for the supply and demand. While Europe and North America is continuing to grow, emerging nations/regions are rapidly growing their aviation industry, the key examples are India and China, along with Africa and South America as continents.
Why is now a good time to start your aviation training:
While the industry is currently struggling, governments have guaranteed financial assistance for airlines during this difficult period. Before COVID19 struck, Boeing reported a shortage of nearly 500,000 pilots around the world and this level of demand will return in the future. Once a form of normality resumes, airlines will be once again looking to hire entry level pilots across the world on a wide range of aircraft.