Avelo Airlines Increases Pilot Compensation
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The airline reports that it has now raised pay rates for captains and first officers five times since its inception. By AirlineGeeks.com Staff Avelo Airlines announced on Tuesday that it is increasing compensation for its pilots for the fifth time since the company launched in April 2021.According to the airline, its first-year hourly pay rate for captains starts at $240 and first officers at $131. The pay rate is capped at 12 years, coming to $298 per hour for captains and $201 per hour for first officers. Avelo reports that it also offers a 125 percent pay incentive when pilots fly 75 hours or more. The pay increase we are announcing, combined with the other exceptional benefits and quality of life Avelo offers, will continue to make Avelo a very attractive destination for pilots, said Avelo Airlines chairman and CEO Andrew Levy. Our pilots play a critical role in Avelo's future, and we look forward to welcoming many more of these outstanding aviation professionals to our airline in the months and years ahead. At Avelo Airlines, pilots hire pilots, said Avelo COO Greg Baden. This is an exciting opportunity for both direct-entry captains and young professional aviators to get in on the ground floor of an incredible journey as they continue their careers. Avelo is also set to open a new pilot and flight attendant training center in Orlando, Fla., at the beginning of 2024. AirlineGeeks.com was founded in February 2013 as a one-person blog in Washington D.C. Since then, we've grown to have 25+ active team members scattered across the globe. We are all here for the same reason: we love deep-diving into the fascinating realm of the airline industry. Latest posts by AirlineGeeks.com Staff (see all ) AirlineGeeks.com was founded in February 2013 as a one-person blog in Washington D.C. Since then, we've grown to have 25+ active team members scattered across the globe. We are all here for the same reason: we love deep-diving into the fascinating realm of the airline industry.Subscribe to AirlineGeeks' Daily Check-InReceive a daily dose of the airline industry's top stories along with market insights right in your inbox. [ Related Stories ] September 19, 2024 9:55 am ET By Hemal Gosai Emirates Boeing 777 aircraft are currently undergoing a significant refurbishment process in Dubai as part of a massive cabin interior--- [ Related Stories ] September 18, 2024 1:58 pm ET By Caleb Revill Two days after announcing a hiring freeze, Boeing has notified employees it will be moving forward with furloughs over the--- [ Related Stories ] September 18, 2024 1:30 pm ET By Victor Shalton Last Thursday, Nigeria introduced new guidelines for its Federal High Court to enhance compliance with the Cape Town Convention and---Receive a daily dose of the airline industry's top stories along with market insights right in your inbox. #J-18808-Ljbffr