BURBANK (CBSA) – A discount airline that launched at Hollywood Burbank Airport last year is offering big bonuses and high hourly pay in its effort to hire 120 new pilots.
Avelo Airlines on Thursday announced a plan to hire 120 pilots this year and skyrocket pilot salaries.
READ MORE: Orange County deputies open fire inside Foothill Ranch Walmart, suspect is injured
“We are committed to attracting and retaining the best riders in the industry,” Avelo Chairman and CEO Andrew Levy said in a statement.
For new pilots who sign up, Avelo is offering a $20,000 signing bonus – with $5,000 paid after the pilot completes orientation trips and the remaining $15,000 paid after completing a year with the pilot. company – and a virtual base allowance of $1,800. Avelo will also increase pay for new and current pilots starting Feb. 1 — the first-year captain’s hourly wage will increase from $135 to $200, with an hourly wage for co-pilots at $90.
READ MORE: Russell Westbrook on the bench in the final minutes of the Lakers loss to the Pacers
After five years with the company, Avelo promises its captains will earn $220 an hour, while first officers will earn $140 an hour.
Avelo is also sweetening the pot with an additional $1,800 per month to help offset travel costs – but if a pilot chooses to live on base, they will be able to pocket that allowance.
NO MORE NEWS: Classified Long Beach Unified workers threaten strike after failed contract talks
“At Avelo Airlines, pilots hire pilots,” Captain Greg Baden, chief operating officer of Avelo, said in a statement. “We encourage pilots at any stage of their professional career to apply.”
