TransAsia has highlighted the significant APAC pilot training problem that we were all aware of. Ten TransAsia pilots have failed the mandatory skills test and a further 19 just did not show up. TransAsia has lost 29 pilots this week thus far and it is certain that if these tests were extended beyond Taiwan then there would be a great many more failures leading to a very large pilot shortage and further upward pressure on pilot salaries. So are some APAC low cost carriers in particular going to see cost base increases and therefore are some listed airlines overvalued at
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