Pilot shortage easing?

Pilots are probably one the highest paid professionals in India with salaries ranging from five lakh rupees a month to over Rs 10 lakh depending on the aircraft they fly and their experience. Over the past 3 years poaching had sent remunerations spiraling. But in the past 12 months salaries have begun to stabilise.
“Salaries have stabilised because pilots now must give 6 months notice to quit,” adds Ajay Singh, Director, SpiceJet.
Experts say that in the next few years there could actually be a dip in salaries as it happened in the US and Britain. Most airlines have introduced their own training programs, the govt has increased the retirement age and eased the norms of getting in, and airlines are in a consolidation mode. All this has eased the pilot shortage in India.
Still, some say the relief is temporary. Once airlines have consolidated and are set to take on the skies again, pilots could become a precious resource once again.
25/09/07 Moneycontrol.com