OLIVER WYMAN FORECASTED IN EARLY 2021 THAT AN IMPENDING pilot shortage was on the horizon. Then COVID-19 came and sent the airline industry into a downward spiral with disappointing forecasts. But the air travel demand recovered fairly quickly and now nearly 1.3 million fresh civil aviation professionals will be needed by 2032. However, there has been shortage of pilots for some years and forecasts now project that demand for pilots will outstrip supply in most regions globally in 2024, and continue to worsen over the next decade.
PILOT SHORTAGE STATISTICS
According to CAE, a leading supplier of flight training services, the global population of active commercial airline pilots was 3,51,000 in 2023, and predicted a new pilot demand growth of 4.1 per cent every year. In June 2023 CAE further forecasted new commercial pilots’ demand of 2,52,000 by 2032. This includes 91,000 for Asia Pacific, 63,000 for North America, 22,000 for South America, 44,000 for Europe, 28,000 for the Middle East and 3,000 for Africa.
Boeing forecasts demand for 6,49,000 new commercial airline pilots over the next 20 years (2023 to 2042). Airbus predicts requirement of 5,85,000 new pilots in the period 2022 to 2041. Shortage is predicted to be nearly 80,000 pilots by 2032. New pilots are needed both for growth and for replacement. CAPA analysis of these forecasts suggests that the annual intake of new pilots needs to be around 7 per cent to 9 per cent of the existing active pilot population.
SHORTAGE OF PILOTS INDIA
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KLM: THE WORLD'S OLDEST AIRLINE STILL GOING STRONG!
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SPICEJET'S $90 MILLION DEAL WITH CANADIAN Q400 PLANES
SpiceJet has successfully resolved a significant dispute with Bombardier over a fleet of Q400 turboprop planes in the form of a $90 million settlement, marking the end of a prolonged legal battle that also has broader implications for the Indian aviation sector
TAPPING THE UNCHARTED WATERS
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FLIGHT PLAN FOR NAVIGATING BUSINESS AIRCRAFT FINANCING
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TRUMP'S VICTORY: WHAT WILL IT UNFOLD FOR INDIA
For India, one of the most significant aspects of Trump's return will be his approach to China. There is a possibility that Trump will continue to view India through a transactional lens, prioritising trade deficits and economic returns. The role which the US plays as the global tech powerhouse is the model for future growth which cuts across economy to security. In all potential, there are mostly positive signs, rather another defining era for Indo-US relations could unfold if indicators are right. The convergence of mutual interest for both democracies is too obvious.
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With a vision for comfort, excellence and sustainable aviation, Dassault's Falcon family embodies the peak of technological and environmental advancements
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PRIME MINISTER INAUGURATES AIRCRAFT COMPLEX FOR MANUFACTURING OF C295 AIRCRAFT
Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez jointly inaugurated the TATA Aircraft Complex for manufacturing of C295 aircraft at TATA Advanced Systems Limited (TASL) Campus in Vadodara, Gujarat on October 28, 2024.
