Boeing forecasts higher demand for pilots as airplane deliveries rise
By Siva Govindasamy
SINGAPORE, July 30 (Reuters) - Boeing has this year raised by 7 percent its forecast for global demand for commercial airline pilots to 533,000 over the next 20 years, citing rising deliveries of aircraft and buoyant demand from the Asia Pacific.
The airplane manufacturer has also projected a need for 584,000 technicians in the 20 years to 2033, up 5 percent from last year's forecast.
This translates into a requirement for 27,000 new pilots and 29,000 new technicians annually, the planemaker said in its annual "Pilot and Technician Outlook" report.
The Asia Pacific will account for 216,000 of those pilots or 41 percent of the total.
In June, Boeing said that airlines are projected to order 36,800 new planes worth $5.2 trillion over the next 20 years. It is expected to meet the bulk of this demand together with its European rival, Airbus.
The Asia Pacific is expected to take delivery of 13,460 new airplanes over the next 20 years, reflecting the region's position as both the fastest growing and the largest market for air transport.
This demand is driven by fast-growing low-cost carriers like Malaysia's AirAsia, Indonesia' Lion Air, Qantas subsidiary Jetstar, and India's Indigo, as well as full-service airlines such as Singapore Airlines, Garuda Indonesia, Cathay Pacific in Hong Kong, and carriers from mainland China.
Europe follows the Asia Pacific with a requirement for 94,000 pilots, and North American carriers will need 88,000 over the 20-year time frame, the report said. Continued...