Tuesday, March 22, 2011
Pilot Outlook 2010-2029: A Shortage Looms
Latest industry statistics point to a pilot shortage that will dwarf those that came before
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Commercial air service growth is already starting to creep up. Freight carrier FedEx announced in January 2011 that it will take delivery of 55 new Boeing 777F aircraft to add to its current fleet of 12, and to replace other aging aircraft. The first 777F was delivered to FedEx on February 28, 2011. Anticipating a rebound in luxury travel, on-demand leader NetJets has placed a firm order for 50 Bombardier aircraft, with options for 70 more, worth $6.7 billion.
It’s no secret that the biggest demand for pilots will come from countries outside the U.S. Beginning just a few years ago, airlines in emerging nations started hiring pilots from other countries (including the United States) to meet their domestic needs. Though some of that hiring has subsided, the coming demand will certainly require aggressive recruiting from these overseas airlines to attract qualified talent. The fact remains that if you’re willing to pack your bags and live abroad, you’ll be able to write your own ticket.
The Obstacles
But what about the disastrous events that have affected the aviation industry? The Asian financial crisis, SARS, terrorist acts, three major world recessions, two Gulf wars, and the current eruption of anti-government violence in Middle Eastern countries are calamities that have hit aviation hard. Add to those the high cost of flight training and fuel, disappearing GA airports, and the negative public perception of GA.Those issues have, in fact, hit our domestic airline industry hard. For example, volatile fuel costs effectively ended the era of the regional jet by negating their economic viability. Airlines were forced to renew their fleets, streamline their operations, look for new paths of revenue (fees for baggage, premium seating, food, etc.), and take an active role in developing alternative fuels.
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