Market Intelligence: Far East & China

IATA Announces 2024 Appointment for Senior Manager of Pilot Training and Licensing

The International Air Transport Association (IATA) has announced the appointment of Andrés Ospina, MRAeS, as the new Senior Manager of Pilot Training and Licensing. Capt. Ospina, who has accumulated extensive experience throughout his career, expressed that this new position represents one of the most significant milestones in his professional journey saying, “After many experiences I’ve lived through, today I reach another dream, perhaps the greatest one of my professional life, and I hope to stay here for the rest of my career.”

To know more about IATA or Mr. Ospina, connect with him through his LinkedIn Profile.

Source: Andrés Ospina

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Boeing’s Worker Strike Ends – Aircraft Deliveries to Accelerate Going into 2025

USA – Boeing’s largest union of machinists has voted to end a nearly two-month strike, accepting a four-year contract that includes significant wage and benefit increases. The contract promises a 38% wage increase over four years and $12,000 in signing bonuses, securing major gains for the 33,000-member International Association of Machinists and Aerospace Workers (IAM). The decision is a pivotal moment for Boeing, which has struggled with financial and reputational challenges in recent years.

  • The contract includes a guarantee that Boeing’s next airplane will be manufactured in the Seattle area, a significant win for IAM, with 59% of voting members approving the deal.
  • The new agreement raises average machinist salaries to $119,309 annually by the contract’s end, up from $75,608, and restores parental leave and an annual bonus program.

Statements

  • Boeing CEO Kelly Ortberg noted in a message to employees, “We will only move forward by listening and working together… There is much work ahead to return to the excellence that made Boeing an iconic company.”
  • “It’s time we all come back together and focus on rebuilding the business and delivering the world’s best airplanes,” Ortberg added, calling for unity.

Boeing’s Financial and Operational Challenges

  • Ending the strike is expected to aid Boeing’s recovery, but analysts estimate that the walkout cost the company around $1 billion per month.
  • Production of popular models, including the 737 Max and 777, must resume promptly to restore Boeing’s revenue stream, which was already affected by safety and compliance issues with the 737 Max.
  • Boeing continues to face financial strain, reporting a $6.2 billion loss for the latest quarter, with ongoing cost-cutting measures set to reduce its 171,000-employee workforce by 10% next year.
  • Ortberg has indicated Boeing may divest some non-core divisions to focus on aircraft production and has already instituted multiple cost-saving measures.

Source: IAM and Boeing

AFM team notes

  • How does this industry development relate to a flight school?
    The end of the strike should accelerate aircraft deliveries providing a boost to airline pilot hiring demand in the first half of 2025 compared to the second half of 2024.
  • How does this industry development relate to a full flight simulator pilot training center?
    The end of the strike should accelerate aircraft deliveries providing a boost to full flight simulator hour demand across Boeing types airline with especially type ratings increasing full flight simulator utilisation – forecasting FFS hour demand to increase in the first half of 2025 compared to the second half of 2024.
  • How does this industry development relate to a pilot training industry supplier?
    Suppliers may see heightened demand for training equipment as Boeing stabilizes and accelerates aircraft production, particularly for popular commercial jet models.

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Aircraft Manufacturer Proposes CEO Renewal and Prepares for Management Changes in 2024 and 2025

The Board of Directors of Airbus SE will propose to the shareholders at the 2025 Annual General Meeting the renewal of Guillaume Faury as Executive member of the Board and Airbus Chief Executive Officer.

The Company is also announcing management transition steps in its Commercial Aircraft business. Lars Wagner, currently the CEO of MTU Aero Engines AG, based in Munich, has been selected to join the Airbus Executive Committee, after finalising his term at MTU, to become the successor of Christian Scherer as CEO of the Commercial Aircraft business.

“Christian and I are excited to have Lars Wagner, such a talented industry leader, coming back to the Airbus family in this key role,” said Airbus CEO Guillaume Faury. “Christian remains at the helm of the Commercial Aircraft business, supported by a great team, until the transition to Lars. Christian and I will continue to work closely together for the success of Airbus in the dynamic and complex environment we are operating in.”

“We have a clear plan for our Commercial Aircraft business and after 40 years at Airbus, I remain committed to the success of the Company,” said CEO Commercial Aircraft Christian Scherer. “I believe that Lars, whom I have known for a long time, is the natural choice for Airbus as my successor. I very much welcome his nomination and look forward to working with him in this future transition.”

Source: Airbus
Photo Credit: Airbus

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Flight School Management and Aircraft Tracking Solutions Provider, Private-Radar, Celebrates a Decade of Innovation and Excellence

Private-Radar, a global leader in Flight School Management and Aircraft Tracking Solutions, is proud to celebrate its 10th anniversary, marking a decade of pioneering innovation and outstanding service in the aviation training industry.

Since its founding in 2014, Private-Radar has transformed how flight schools and aero clubs manage and monitor their operations. Over the past decade, Private-Radar has evolved into a trusted and essential partner for aviation training institutions around the world, including several of the largest industry leaders. Today, Private Radar’s state-of-the-art solutions drive automation, enhance safety, and improve efficiency for over 100 partners across more than 30 countries.

It all started with a near miss

While earning his Private Pilot License in 2011, Prisque, the founder and CEO of Private-Radar, experienced a close call when his Cessna 172 narrowly avoided a mid-air collision with another small aircraft. This encounter highlighted a need for better flight safety measures and inspired Prisque to develop an advanced, real-time flight tracking system that would improve the safety of flight schools and optimize electronic flight records.

This led to the creation of Private-Radar, an innovative Flight School Management Software combined with an Aircraft Live Tracking Solution. Today, Private-Radar is the most advanced, fully featured Flight School Management Solution on the market. Streamlining operations and enhancing safety, by providing flight schools and aero clubs with effortless scheduling, hassle-free record-keeping, real-time aircraft tracking, fully synchronized flight data collection and much more.

Key achievements over the past decade

Global Expansion: Private-Radar has expanded its services to over 100 partners worldwide. We work with a wide array of organizations, including large scale leading pilot training operations, aero clubs, helicopter pilot schools and simulator only sites.

Tailored Solutions: Private-Radar’s dedication to customizing its platform to meet the specific needs of each partner has fostered a loyal user base and earned a reputation for excellence in service and support.

Continued Innovation: Private-Radar conduct an active dialogue and collaboration with their partners, ensuring the system evolves to meet their unique needs. By actively listening to feedback and prioritizing requested features, Private-Radar continuously enhances its platform with new updates and improvements that align with partner requirements.

Celebrate with Private-Radar at EATS 2024

To mark this milestone, we are inviting all EATS 2024 attendees to join us at Booth 514 to explore our latest upgrades, engage with our team, and participate in a very special 10th anniversary competition!

Prisque Lemble, Founder and CEO of Private-Radar, shared: “We are incredibly proud of our achievements over the past ten years. Our success reflects our unwavering commitment to innovation, quality, and service. As we look to the future, we remain dedicated to delivering top-tier solutions for our partners and expanding to new flight schools or aero clubs, that are looking to streamline their operations.”

Source: Private-Radar
Photo Credit: Private-Radar

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