L3 Airline Academy Created and Hired 38 New Positions With Awarded Economic Development Funds
SANFORD, Fla. (March 18, 2016) – Utilizing the funds awarded by the City of Sanford and Seminole County as part of the Jobs Growth Incentive (JGI) Agreement of March 2015, L3 Airline Academy successfully created and hired for 38 new jobs at its Sanford campus as of December 31, 2015.
The Jobs Growth Incentive Fund provides monetary incentives for qualified target industries and businesses. Incentive funds may be used for relocation, impact fees, permitting and any other legitimate business costs. Applicants must demonstrate the creation of high paying jobs and substantial capital investment to be eligible to receive funds and incentives are awarded on a case-by-case basis.
Through an Interlocal Agreement, the City of Sanford and Seminole County unanimously voted to approve a Jobs Growth Incentive (JGI) Agreement in the amount of $100,000 for L3 Airline Academy in March 2015 to recruit, hire and attract employees to Seminole County through direct grants of $2,000 for each new hire for a total of 50 jobs within three years.
The average annual salary of the 38 newly created positions in 2015 is more than $40,000, resulting in more than $1.6 million in new annual wages created in Seminole County. This does not include family members who might work for and within the county creating an additional multiplier effect. Further, the majority of the jobs were filled by employees who were not originally employed in Seminole County, and all the employees were actively being recruited by other flight schools outside the county. L3 Airline Academyplans to fill the remaining 12 open positions by the summer of 2016.
“L3 Airline Academy would not have been as successful in its recruiting efforts without the Jobs Growth Incentive Fund awarded by Seminole County and the City of Sanford. We greatly appreciate the ongoing assistance and collaboration of the city and county to support our mission to provide the global airline community diverse, safe and reliable pilots that earn their wings based on the highest standards and merits,” said Hank Coates, L3 Airline Academypresident and general manager of L3 Airline Academy .
“We are pleased to partner with the City of Sanford to create jobs at L3 Airline Academy . As airports and airlines across the globe expand, so will the demand for pilots. Knowing they will be trained here in Seminole County is exciting! Having these additional instructors and students will create new commerce in Seminole County,” said Seminole County Commission Chairman, John Horan.
“The aviation industry has been and continues to be one of the targeted sectors for Seminole County. We are excited to be a part of L3 Airline Academy ’s business expansion efforts,” said Business Development Manager, Economic Development Division for Seminole County Pamela Lynch.
“We are extremely pleased that L3 Airline AcademyFlight Academy has chosen the Orlando Sanford International Airport to train the next generation of pilots, either private or commercial. Aerosim’s expansion is a great example of the type of business that we strive to recruit and grow in Sanford,” noted Bob Turk, director of economic development, City of Sanford.
With a rich, 27-year history of training airline pilots, L3 Airline Academy provides a multitude of FAA-approved flight training courses for Private Pilot, Multi-Engine, Instrument, Commercial and Certified Flight Instructor Licenses. L3 Airline Academy caters to students seeking a career in the airlines as a commercial pilot and those who wish to train at their own pace for recreational licenses, as well as providing recertification and type ratings to professional and private pilots alike. L3 Airline Academy provides a professional environment based on sophisticated airline standards, the latest training technology and a dedication to quality and safety.
“In the next 10 years, major airlines are expected to retire more than 40,000 pilots and nearly 90,000 in the next
20 years, creating tremendous employment opportunities for professional aviators. Vacancies at major airlines will be filled by regional airline pilots, and in-turn, regional airlines will need to fill vacancies with new pilots entering the industry,” said Coates.
In order to train its pilots, L3 Airline Academy requires Certified Flight Instructors (CFIs) for Ground School, Simulator and Flight Training. L3 Airline Academy hires more than 90 percent of its own graduates as CFIs, yet, as one of the largest flight training schools in the U.S., also must recruit graduates from other academies and four-year institutions around the country.
About L3 Airline Academy
Originally established in 1989 and based at the Orlando Sanford International Airport (SFB), L3 Airline Academy is the only flight school originally owned and operated by airlines Comair Airlines and Delta Air Lines. Today, under the name of L3 Airline Academy , the rich history of professional pilot training continues with flight training courses approved by the FAA under 14 CFR Part 141 and specialized flight training under 14 CFR Part 61.
L3 Airline Academy is accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC) and provides a professional flight training environment based on sophisticated airline standards. The Academy has been recognized by the Federal Aviation Administration with the Diamond Award of Excellence for its dedication to quality, safety, reliability and performance.
In its 27 years of operation, L3 Airline Academy has provided more than 2 million hours of flight instruction to more than 7,000 pilots and issued more than 20,000 certificates, while growing its reputation as one of the safest, most reliable flight academies in the world.