Asian Flight Market Continues to Explode
The aviation market in Asia continues to explode. Boeing is forecasting 41,000 new aircraft are required between now and 2036. CAE is forecasting the need of 255,000 new pilots by 2027.
The compensation rates in China are exploding which are influencing the pay rates of other Asian Airlines. The airlines in the USA have recently increased their pay to stop the exodus of pilots to go fly in Asia.
Until recently, Russia was a good source of airline pilots, especially Captains. These young Russian Captains could move from a $4,000 USD per month job in Russia to making over $28,000 USD per month in China. About two years ago, Putin realized he was losing the young pilots and stopped the aviation authority in Russia from certifying pilots’ licenses. Effectively, this stopped Russian pilots from leaving. Only the pilots that moved early (2014 through 2016) could stay.
It seems that there is no end to the growth of Aviation in China.