Boeing released its 2016 Pilot and Technician Outlook on July 25, 2016 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:
"The Pilot and Technician Outlook has become a resource for the industry to determine demand for successful airline operations" saidSherry 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. Forward-Looking Information Is Subject to Risk and Uncertainty Certain statements in this release may be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "forecasts," "projects," "plans," "believes," "estimates" and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future plans, business prospects, financial condition and operating results, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual events to differ materially from these forward-looking statements, including economic conditions inthe United States and globally, general industry conditions as they may impact us or our customers, and other important factors disclosed previously and from time to time in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made and we undertake no obligation to update or revise any such statement, except as required by law.
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