Flex Air, an aviation training startup, has announced the launch of Via Careers, a flight training program that offers income share agreements (ISAs) as an alternative to student loans, the company said.
ISAs are an education financing model adopted by universities and vocational schools. Flex Air´s adoption of Income Share Agreements is a first in the aviation industry, which has encountered a severe air transport pilot shortage that is anticipated to last for decades.
Flex Air has collaborated with Leif, the Income Share Agreement market leader in the US, to launch and manage an Income Share Agreement program for Via Careers students. Student pilots bound for airline careers are an especially good fit for ISAs due to the widespread wage transparency, predictable career paths, and seniority-based pay systems at all air carriers.
Flex Air is a flight school with bases in Manhattan, KS, San Diego, CA, and Amarillo, TX. Flex Air´s Via Careers Program combines flight training, career placement services and financing for aspiring airline pilots.
Leif increases access to quality education at an affordable cost. Leif partners with schools to design, manage and arrange financing for Income Share Agreement programs.