After being thrust into crisis by COVID-19, the aviation industry faces yet more trouble as the world emerges from the worst of the pandemic to find there is likely to be a shortage of pilots after thousands were laid off or decided to retire.
Government policies such as mandatory vaccinations for trainee pilots and travel curbs have also kept a new batch of potential aviators away, said Bhanu Choudhrie, chief executive officer of Alpha Aviation Group, which runs flying schools in the United Arab Emirates and the biggest in Southeast Asia’s training hub, the Philippines.
Alpha Aviation has trained more than 2,500 pilots for carriers including Philippine Airlines, AirAsia Group, Cebu Pacific Air Inc and Air Arabia.
Modern, longer-distance narrow-body aircraft such as Airbus SE’s A321 XLR jets — due to be delivered from 2023 — are to require more pilots than earlier models, compounding the shortage, Choudhrie said from London.
“Airlines are going to continue to buy, modernize their fleets, and as they do that, they are going to require pilots,” he said. “The market is getting interesting again, and we’re starting to see that upward trend, we’re starting to see airlines come to us and say: ‘Look this is my delivery schedule, can you have pilots ready for me in two years time?’”
Many airlines are aggressively trying to rehire pilots, as well as cabin crew and ground staff, but that has not been a simple process, and some jobs are left unfilled. Careers in the industry no longer look as secure as before.
It takes 18 to 24 months to train a pilot, Choudhrie said
This means carriers must work on getting them ready way ahead of the delivery of new aircraft, including narrow-body jets, such as the A321 XLR, which can fly longer.
Airlines typically order aircraft years in advance given the limited production capacity of plane manufacturers.
Mercuries Life Insurance Co (三商美邦人壽) shares surged to a seven-month high this week after local media reported that E.Sun Financial Holding Co (玉山金控) had outbid CTBC Financial Holding Co (中信金控) in the financially strained insurer’s ongoing sale process. Shares of the mid-sized life insurer climbed 5.8 percent this week to NT$6.72, extending a nearly 18 percent rally over the past month, as investors bet on the likelihood of an impending takeover. The final round of bidding closed on Thursday, marking a critical step in the 32-year-old insurer’s search for a buyer after years of struggling to meet capital adequacy requirements. Local media reports
US sports leagues rushed to get in on the multi-billion US dollar bonanza of legalized betting, but the arrest of an National Basketball Association (NBA) coach and player in two sprawling US federal investigations show the potential cost of partnering with the gambling industry. Portland Trail Blazers coach Chauncey Billups, a former Detroit Pistons star and an NBA Hall of Famer, was arrested for his alleged role in rigged illegal poker games that prosecutors say were tied to Mafia crime families. Miami Heat guard Terry Rozier was charged with manipulating his play for the benefit of bettors and former NBA player and
The DBS Foundation yesterday announced the launch of two flagship programs, “Silver Motion” and “Happier Caregiver, Healthier Seniors,” in partnership with CCILU Ltd, Hondao Senior Citizens’ Welfare Foundation and the Garden of Hope Foundation to help Taiwan face the challenges of a rapidly aging population. The foundation said it would invest S$4.91 million (US$3.8 million) over three years to foster inclusion and resilience in an aging society. “Aging may bring challenges, but it also brings opportunities. With many Asian markets rapidly becoming super-aged, the DBS Foundation is working with a regional ecosystem of like-minded partners across the private, public and people sectors
BREAKTHROUGH TECH: Powertech expects its fan-out PLP system to become mainstream, saying it can offer three-times greater production throughput Chip packaging service provider Powertech Technology Inc (力成科技) plans to more than double its capital expenditures next year to more than NT$40 billion (US$1.31 billion) as demand for its new panel-level packaging (PLP) technology, primarily used in chips for artificial intelligence (AI) applications, has greatly exceeded what it can supply. A significant portion of the budget, about US$1 billion, would be earmarked for fan-out PLP technology, Powertech told investors yesterday. Its heavy investment in fan-out PLP technology over the past 10 years is expected to bear fruit in 2027 after the technology enters volume production, it said, adding that the tech would