Over 230,000 jobs to come up in aviation: Boeing
Dubai - Over the next two decades.
By Waheed Abbas
Published: Sun 17 Nov 2019, 2:53 PM
Last updated: Sun 17 Nov 2019, 8:47 PM
The Middle East will need an additional of 3,130 airplanes worth $725 billion, hiring around 231,000 workers including pilots, technicians and cabin crew over the next two decades, according to the latest forecast by US aircraft manufacturer Boeing released at Dubai Airshow 2019 on Sunday.
Randy Tinseth, vice-president for marketing at Boeing Commercial Airplanes, said the region will need 64,000 new pilots, 65,000 new technicians and 102,000 cabin crew over the next 20 years to meet the demand for the growth of aviation market.
It forecast 100-plus new long-haul routes in 10 years, 80 per cent of which are flown by Boeing widebodies with 46 per cent of region's share of forecasted deliveries in the widebody segment, the highest of any region. In addition, the airlines will invest $790 billion in commercial aviation services by 2038.
Globally, Boeing projected demand for 44,000 airplanes and $16 trillion commercial aviation value over the next two decades. It foresees $30 billion in net profit for airlines for 2019 while around 9,100 new widebody airplanes will be delivered over the next 20 years.
Tinseth sees the aviation market is challenging this year and cargo market is shrinking.
"It is important that this is not just economies growing here in the region but also economies growing within 8 hours flights from here such as Southeast Asia, China and India. Economic growth is important for the forecast and aviation sector and how the Middle East countries adapt to the fast growing economies in the other regions," Tinseth said while addressing the press briefing at the Airshow, being held at the Dubai World Central.
He expects that the US-China trade tariff row will come to pass as both sides are negotiating. "The deal should happen - and will happen - the economic growth cycle will go up and it will do well for the aviation industry," he said during the briefing.