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Boeing projects need for 30K-plus new pilots annually as travel soars

Jul. 25, 2016 1:18 PM ETThe Boeing Company (BA) StockBABy: Carl Surran, SA News Editor
  • Global airlines will need to hire more than 30K pilots a year for the next 20 years to keep pace with new planes on order and surging demand for air travel, according to a forecast by Boeing (BA -0.3%).
  • Boeing now anticipates the world to need 617K new commercial airline pilots and 679K new commercial airline maintenance technicians over the next two decades to fly and service the 39,620 aircraft valued at $5.9T the company expects to be added to the global fleet through 2035.
  • U.S. carriers will need to accelerate recruiting to replace pilots who are retiring, comply with stricter federal limits on duty hours, and staff new routes to Cuba and Latin America, Boeing says.

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