Boeing forecasts need for 1.5m pilots, technicians by 2035

Boeing (NYSE: BA) has released its 2016 Pilot and Technician Outlook, projecting a demand for nearly 1.5 million pilots and technicians over the next 20 years, the company said.

In its seventh year, the outlook is an industry study forecasting 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 and 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 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.