The demand for pilots are increasing while the supply is limited. As the aviation industry is at its peak to grow the North American airlines would face a dearth of pilots. Boeing and Airbus left the Dubai Air Show this week with around 700 provisional orders for narrow-body commercial jets, potentially adding to already hefty backlogs. Most of the airlines are upgrading their fleet with modernised aircraft which in turn requires trained and talented pilots.
By contrast, in Europe corporate jet operators did not lose many pilots this year to commercial aviation because carriers had an adequate supply of pilots after Air Berlin and Britain’s Monarch Airlines ceased operations, said Adam Twidell, chief executive of PrivateFly, a global private jet charter broker.
According to the 2017 pilot salary survey from the National Business Aviation Association (NBAA), a captain flying a midsized corporate plane like the Bombardier Challenger 350 made about $130,000 on average. In 2017, an American Airlines captain flying the B737 or A320 narrow-body earned just over $268,000, according to an APA compensation document.
When looking at the development of air travel industry the dearth of pilots is a reality that has to be dealt with utmost urgency. It is expected that the world’s rapidly growing commercial aviation industry will need an additional 255,000 pilots by 2027, according to training specialist CAE Inc.