NVI Technical College Information

Market Feasibility

Products and Services

• In 2020, the shift toward distance learning mode amid COVID-19

How are the industry ’ s products and services performing?

made it challenging to provide this type of training to students,

thereby reducing demand for flight training programs. The

Flight-training schools are the most popular

pandemic has also hurt the airline industry as multiple flights

• Flight training schools are the largest focus within the industry

were canceled to curb the spread of the coronavirus, reducing

because of the number of hours required to become a pilot.

demand for commercial pilots in 2020.

More hours in the cockpit means more fees and higher revenue

A

for flight training schools.

The number of cosmetology and barber schools has remained

steady

• The cost of attending aviation school is also influenced by the

• Schools in this segment offer hairstyling and cosmetic arts

high capital required to open that operation. Expenses include

training, including makeup or skincare. These schools provide

flight simulators, aircraft and the renting of hangar space.

job-specific certification because a license is required if they want

to start working professionally.

• The limited supply of flight instructors implies that hiring them

comes at larger paychecks, allowing flight schools to justify the

• These programs include manicure and pedicure schools, beauty

higher costs of offering aviation education.

schools, cosmetology schools and barber colleges. The wide

range of schools in this segment contributes to its large share of

revenue.

Source: Wert-Berater Feasibility Studies, LLC and IBISWorld

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