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#Breeze airways pilot pay upgrade
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As co-founder and president of Allegiant Air - one of the nation’s most successful airlines - and former CFO of United Airlines, Levy brings a proven track record of profitably leading airlines from startup to scale. This is an incredible opportunity to join one of the most exciting airline stories in more than a decade.”Īvelo’s leadership team embodies more than 200 years of collective aviation experience. Our exceptional pilots play a critical role in Avelo’s future and we look forward to welcoming many more to the company in the months and years ahead. Levy added, “This investment strengthened our already healthy balance sheet and is a huge vote of confidence in the opportunity ahead of us. This second-round offering increased the company’s invested capital base to over $160 million.

#Breeze airways pilot pay series

Strong Financial Backing and Experienced LeadershipĮarlier this month, Avelo announced it raised $42 million in Series B funding - including a $30 million investment by Morgan Stanley Tactical Value. by the end of 2022 and establishing more bases in the future. With the arrival of these additional aircraft, Avelo anticipates serving at least 40 destinations across the U.S. Additionally, three 189-seat 737-800s operate between Avelo’s West Coast base at Los Angeles’ Hollywood Burbank Airport (BUR) and 10 destinations in the Western U.S.Īvelo has commitments for nine additional 737 NGs that the airline expects will be delivered by the end of this year – expanding Avelo’s fleet to 15 aircraft. Three 147-seat 737- 700s operate between Avelo’s East Coast base at Southern Connecticut’s Tweed-New Haven Airport (HVN) and six Florida destinations. Avelo is accepting applications for Captains and First Officers at Avelo Aircraft and BasesĪvelo currently operates six Boeing Next-Generation (NG) 737 mainline jetliners. Meaningful profit-sharing when Avelo meets initial profitability thresholdĪt basic guarantee, new pilots in their first year will earn $209,600 for a Captain and $117,200 for a First Officer (includes sign-on bonus and virtual base stipend).Company-subsidized health, vision and dental coverage.

#Breeze airways pilot pay upgrade

Quick upgrade to Captain for pilots meeting the qualification of 14 CFR 121.436.Day off flying is paid at 125% of base hourly rate on top of guarantee.Premium pay of 125% of base hourly rate paid to pilots working over 75 block hours per month.

#Breeze airways pilot pay full

Full Cockpit Access Security System (CASS), Known Crewmember (KCM) program and jump seat agreements.

Initial uniform and ongoing uniform allowance.

Training pay of $6,300 per month (min guarantee at year-one First Officer rate).

For pilots who prefer to sleep at home every night – all scheduled Avelo flights start and return to their base each day.

$1,800 virtual base stipend (paid monthly upon completion of orientation trips) to offset commuting costs - paid to all pilots whether they commute or live in base.

The bonus is available to Captains and First Officers. An initial $5,000 is paid after the pilot completes their orientation trips and the remaining $15,000 is paid at the completion of their first year with the company. In addition to increasing the pilot pay scale, the airline is offering a $20,000 sign-on bonus to new pilots hired before June 1, 2022. The new pay scale is effective February 1, 2022, for current and future Avelo pilots. The first-year hourly pay rate for First Officers increases from $70 to $90 with an hourly rate of $140 at five years of service. Under the new scale, at five years of service Avelo Captains will earn $220 per hour. The first-year Captain hourly pay rate increases from $135 to $200. And, if a pilot chooses to live in base, they’ll keep the $1,800 per month.” “In addition to our enhanced pay scale, Avelo supports quality of life initiatives such as an additional $1,800 per month to help offset the cost of commuting. “We’re committed to attracting and retaining the industry’s best pilots,” said Avelo Chairman and CEO Andrew Levy. In addition to hiring First Officers, for a limited time qualified pilots may be immediately hired as Captains. airline industry.Īvelo expects to add an additional 120 pilots in 2022. The enhanced pay scale offers the highest first-year Captain and First Officer pay rates in the Ultra-Low-Cost Carrier (ULCC) and regional carrier sectors of the U.S. HOUSTON, JanuAvelo Airlines today announced it is bolstering pilot compensation to attract and retain world class aviators - elevating first-year pay by nearly 50% for Captains and by nearly 30% for First Officers.

Airline expects to add 120 pilots in 2022