Twenty years of rapid economic growth in Asia has bolstered income levels, creating a new wave of demand for air travel from middle-income households while market liberalization has enabled regional low-cost carriers to thrive. The world’s biggest commercial aircraft manufacturer Boeing estimates that more than 100 million new passengers will enter the Asia aviation market annually for the foreseeable future. Amid all this growth, one question looms large: Where are the pilots and engineers going to come from?
At the opening of the world’s biggest pilot-training facility in Singapore on April 18, Airbus chief executive Fabrice Bregier told CNBC that Asia faced a “severe shortage” of well-trained pilots as the region’s demand for air travel skyrockets. He told CNBC the region will need 200,000 commercial pilots over the next 20 years. There are currently 65,000 commercial pilots registered in Asia. Source