The FAA rejected an Indianapolis-based regional airline's bid to reduce the number of flight hours needed to become a commercial pilot — an exemption it had submitted to ease a pilot shortage.
Before the 1,500 hour rule went into effect, airlines predicted it would lead to a pilot shortage
The pilot shortage was already looming in the commercial aviation industry before the pandemic, but was inadvertently made worse by the airlines themselves early in the pandemic. As air travel demand plummeted more than 90%, airlines gave pilots and other employees generous early retirement packages, as well as other incentives, to leave, helping them shed payroll costs.
But airline pilots' unions opposed the request, arguing that reducing pilot training hours would result in inexperienced pilots and jeopardize safety.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500 Fails at Key Hurdle as Traders Eye FOMCEquities staged a strong rally off premarket lows only to fail at key resistance. FOMC comes into focus.
Read more »
Gap cuts 500 corporate jobs as profits dwindleThe company continues to struggle to keep profits up amid lackluster sales, outdated merchandise, branding and voice.
Read more »
S&P 500 Futures, yields grind higher as market appears dicey ahead of key central bank movesS&P 500 Futures, yields grind higher as market appears dicey ahead of key central bank moves – by anilpanchal7 SP500 Futures YieldCurve CentralBanks RiskAppetite
Read more »
SF-based Gap laying off 500 corporate employees as challenges mountRoughly 500 corporate jobs are being eliminated at the Gap, adding to the problems that the beleaguered retailer headquartered in San Francisco is currently facing.
Read more »
Gap Is Cutting 500 Corporate JobsGap is eliminating about 5% of headquarters staff as it moves to reduce expenses amid declining sales and profits.
Read more »
Gap eliminating about 500 corporate jobs as sales fallGap, Inc. is cutting about 500 corporate positions amid declining sales and a push to cut spending.
Read more »