Global aircraft manufacturer, Airbus, released the latest edition of its Global Services Forecast (GMF) for the 2024-2043 period. The forecasts highlights that the services market is set to almost double in size over the next 20 years to USD 290bn. Driven by: 42,430 new aircraft deliveries.
Key relevant highlights for the pilot training ecosystem:
- 42,430 new aircraft deliveries; 18,460 to replace and 23,970 to grow the current fleet
- 620,000 new pilots required
- 124,000 in North America
- 124,000 in China
- 119,000 in Europe and CIS
- 90,000 in Asia Pacific
- 59,000 in the Middle East
- 54,000 in South Asia
- 36,000 in Latin America and the Caribbean
- 14,000 in Africa
- 8.3 million hours of training required in simulators
Source: Airbus