Boeing (NYSE: BA) Demand will Grow for Pilots and Crews

Boeing (NYSE: BA) Demand will Grow for Pilots and Crews

Boeing (NYSE: BA) Demand will Grow for Pilots and Crews

Boeing (NYSE: BA) released its 2016 Pilot and Technician Outlook today at EAA AirVenture Oshkosh and projects a demand for nearly 1.5 million pilots and technicians over the next 20 years.

In its seventh year, the outlook is a respected industry study which forecasts the 20 year demand for crews to support the world’s growing commercial airplane fleet. New this year is a look at cabin crew demand.

Boeing forecasts that between 2016 and 2035, the world’s commercial aviation industry will require approximately:

  • 617,000 new commercial airline pilots
  • 679,000 new commercial airline maintenance technicians
  • 814,000 new cabin crew

The 2016 outlook shows a growth of 10.5 percent for pilots over the 2015 outlook and 11.3 percent for maintenance technicians. New pilot demand is primarily driven by new airplane deliveries and fleet mix, while new technician demand is primarily driven by fleet growth.

“The Pilot and Technician Outlook has become a resource for the industry to determine demand for successful airline operations” said Sherry Carbary, vice president, Boeing Flight Services. “Cabin crew are an integral part of operating an airline, and while Boeing does not train cabin crew like pilots and technicians, we believe the industry can use these numbers for planning purposes.”

The outlook represents a global requirement for about 31,000 new pilots, 35,000 new technicians and 40,000 cabin crew annually. Projected demand for new pilots, technicians and cabin crew by global region for the next 20 years is approximately:

Region

New Pilots

New Technicians

New Cabin Crew

Asia-Pacific

248,000

268,000

298,000

Europe

104,000

118,000

169,000

North America

112,000

127,000

151,000

Latin America

51,000

50,000

51,000

Middle East

58,000

66,000

92,000

Africa

22,000

24,000

27,000

Russia / CIS

22,000

26,000

26,000

The Asia-Pacific region comprises 40 percent of the global need due to the growth in the single-aisle market which is driven by low-cost carriers, while North America is the result of new markets opening in Cuba and Mexico, and demand in Europe has increased as a response to a strong intra-European Union market.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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