2024-22018. Removal of Expiration Date on a Flight Instructor Certificate; Additional Qualification Requirements To Train Initial Flight Instructor Applicants; and Other Provisions
Table 1—Total Industry Cost Savings
Year Initial flight instructor (forecast) Flight instructor renewals (forecast) Average wage per hour Time to process each flight instructor (in hours) Cost savings Present value at 2% 3% 7% 1 10,647 64,295 $67.04 0.1 $502,411 $502,411 $502,411 $502,411 2 12,216 66,910 67.04 0.1 530,461 520,060 515,010 495,758 3 14,015 69,632 67.04 0.1 560,769 538,994 528,579 489,798 4 16,080 72,465 67.04 0.1 593,606 559,368 543,233 484,559 5 18,449 75,412 67.04 0.1 629,244 581,324 559,075 480,047 Total 71,407 348,714 2,702,157 2,648,308 2,452,573 Notes: (i) initial certificates forecast based on historic rate of 14.73 percent per year; (ii) Flight instructor renewal forecast based on historic rate of 4.07 percent per year; and (iii) estimates may not total due to rounding.