Is there a shortage of pilots now? Our company is doing some financing and leaseing to a company that is a flight school and 135 operator. I was surprised at what the cost of flight training in helicopters is costing now. Their current rate is $60,000-65000.00, they claim they have full classes and a waiting list. After completion you get hired by the company and work as a flight instructor, then you can go onto other areas of the company. I ran into a Army friend who is now flying for PHI and he claims they arre short pilots now, I remember 15 years ago who PHI was advertising in alot of publications for pilots and starting pay was around 28,000. Maybe we have reached that point again.