CAE releases its first Business Jet Pilot Demand Outlook: 50,000 new business jet pilots required over the next 10 years
October 16 2018 - 6:00AM
(NYSE: CAE; TSX: CAE) – CAE released today at the 2018 National
Business Aviation Association (NBAA) convention and exhibition
its 2018 CAE Airline and Business Jet Pilot Demand Outlook.
This is an update to last year’s report, which provides, for the
first time, a business jet pilot demand forecast. The renewed
10-year view offers fleet operators key insights on the future need
for professional pilots in both business and commercial aviation,
building on the markets’ key drivers, variables and trends.
The report demonstrates that the active business
jet pilot population will reach 65,000 by 2028, which represents an
increase of 18%, with a turnover rate of almost 100%. More
specifically, 10,000 new business jet pilots will be required to
sustain growth and 40,000 new business jet pilots will be needed to
support retirement attrition across the segment over the next
decade.
“The CAE Airline and Business Jet Pilot Demand
is a one-of-a kind report. Our 2018 update builds on last year’s
analysis while introducing for the first time a business jet pilot
forecast and shedding light on ways the aviation industry can cope
with this demand,” said Marc Parent, CAE’s President and Chief
Executive Officer. “Today’s soaring pilot demand is a reality that
we must all face. As the leading training organization in the
world, we are honoured to offer our partners the training solutions
they need to face this rising demand.”
The 2018 CAE Airline and Business Jet Pilot
Demand Outlook is available for download at
www.cae.com/civil-aviation.
About CAECAE is a global leader
in training for the civil aviation, defence and security, and
healthcare markets. Backed by a record of more than 70 years of
industry firsts, we continue to help define global training
standards with our innovative virtual-to-live training solutions to
make flying safer, maintain defence force readiness and enhance
patient safety. We have the broadest global presence in the
industry, with over 9,000 employees, 160 sites and training
locations in over 35 countries. Each year, we train more than
120,000 civil and defence crewmembers and thousands of healthcare
professionals worldwide. www.cae.com
Follow us on Twitter: CAE_Inc
CAE contacts:General Media:Hélène V. Gagnon,
Vice President, Public Affairs and Global
Communications+1-514-340-5536, helene.v.gagnon@cae.com
Trade Media:Frédéric Morais, Director, Marketing & Strategy,
Civil Aviation Training Solutions+1-514-506-8331,
frederic.morais@cae.com
Investor relations: Andrew Arnovitz, Vice President, Strategy
and Investor Relations +1-514-734-5760, andrew.arnovitz@cae.com
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