As the value of the global MRO market doubles, Airbus predicts there is a need for 555,000 Engineers and Pilots over the period between 2017 and 2036 .
Airbus reckons that global airlines will need 34,170 new passenger aircraft to support average annual traffic growth of 4.4%.
In repose to forecasted demand, Airbus has been expanding its Airbus pilot and technician training centres, which have gone from five to 15 in the past three years.
In the mean time, Boeing forecasted in 2016, there will be a demand for 679,000 new maintenance technicians for the same period.
Also the growth in the MRO market, which Airbus predicts will double in value from $60bn today to $120bn by 2036.
For the first time Airbus has valued the cabin and systems upgrade market at $180bn over 20 years.
The Asia Pacific is set to be the biggest source of demand, accounting for more than a third of the global market.
“Asia Pacific continues to be an engine for growth, with domestic China to become the world’s largest market. Disposable incomes are growing and in emerging economies the number of people taking a flight will nearly triple between now and 2036,” said John Leahy, Airbus COO, customers.