Market Intelligence: South East Asia

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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Indian Airline Cadets Head to Thailand in November 2024 for Airbus A320 Type Rating

United Kingdom headquartered L3Harris Commercial Aviation, which operates flight schools and simulator training centers across the globe, announced that is has welcomed IndiGo cadets to its Bangkok, Thailand Training Center.

“These students will be completing their A320 Type Ratings, including the MCC course, over the next six weeks.” shared L3Harris Airline Academy.

Operating since 1996, the Bangkok Training Center (BTC) is a world-class provider of ATR, Airbus A320, and Airbus A330 pilot training. The state-of-the-art training facility offers a modern, fully-equipped training environment, including a range of Full Flight Simulators and training devices compliant to DGCA requirements. The BTC has a computer-based training room equipped with 20 workstations and an electronic library. There are multiple classrooms and debriefing rooms complete with mock-ups for ATR 72-600, A320 and A330.

Source: L3Harris Airline Academy

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Philippines-based Flight School Expands Pilot Training Accessibility with Specialized Loan Programs from 2 Providers

Subic, Philippines-based flight training organisation First Aviation Academy (FAA) has highlighted its loan programs aimed at making pilot training more accessible for aspiring aviators. With the support of Philippine National Bank (PNB) and First Maritime Credit Corporation (FMCC), FAA’s financing options offer tailored solutions to ease the financial burden.

  • The PNB Loan for Aspiring Pilots is crafted specifically for FAA trainees, enabling students to cover the costs of their pilot training through a student loan package.
  • First Maritime Credit Corporation offers a unique loan program designed for seafarers seeking to transition into aviation. This financing solution supports seafarers in their pursuit of a pilot license, making the career shift more attainable and aligning with FAA’s mission to open new opportunities in the field of aviation.

Source: First Aviation Academy
Photo Credit: First Aviation Academy

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