American Airlines will reduce the number of pilots it takes from US regional airline partner Envoy Airlines, limiting to it to the minimum contractual agreement of 16 pilots per month.
Photo Credit: American Airlines
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Vietnam Airlines has received its first two Tecnam single engine aircraft for its new flight training operations (Viet Flight Training School) under its BayViet Pilot Training Academy. The first two aircraft are called ‘Thang Long’ and ‘Rach Gia’.
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Airbus has released its latest Global Services Forecast (GSF) 2022-2041 which highlights, with respect to the pilot training side, a need for 585,000 new pilots in 2041 broken down as follows:
To see the full forecast, click here.
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According to Oliver Wyman, in its most recent forecast, the demand for pilots will outstrip supply in most regions globally between 2022 and 2024 — and continue to worsen over the next decade.
“We now expect global aviation to be short nearly 80,000 pilots by 2032, absent a downturn in future demand and/or strenuous efforts by the industry to bolster the supply of pilots.”
Oliver Wyman further explained that the supply of pilots are being confronted by several factors such as early and mandatory retirement, and the dramatic reduction of military pilots which in turn produces lesser pilot supply from the military service to commercial airlines.
“The supply of new commercial pilots is expected to pick up over the next few years. But under current conditions, it doesn’t look like this will be enough to cover increasing demand and the bow wave of retirements the industry will face over the next decade. As a result, we expect that North America will be short nearly 30,000 pilots by 2032.”
Outside of North America, Oliver Wyman forecasts that the Middle East and Europe could face a shortage of 18,000 and 19,000 by 2032, respectively, Asia is still on a surplus, supply in Latin America will unlikely to below the demand, and Africa’s little shortage seen to be overcome.
Source: Oliver Wyman Analysis
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Yahoo Finance spoke with Jonathan Ornstein, Mesa Air Group Chairman and CEO, in an interview, to discuss the airline’s current pilot training program including the recent purchase of 29 Piper training aircraft.
Check out the video coverage below.
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