Airbus forecasts 2M aviation jobs needed by 2045
by@Reuters
Summary
Airbus has forecast that the aviation industry will need to hire 2.44 million people over the next two decades, driven largely by the expanding demand for aviation services, which includes a pressing need for 730,000 maintenance workers and 1.05 million cabin crew. This recruitment push comes as the sector faces acute labor shortages exacerbated by the COVID-19 pandemic and aims to address challenges such as off-wing engine maintenance and aircraft delivery delays. As the post-factory services market is expected to grow significantly, Airbus is targeting over $10 billion in commercial services sales by 2030, highlighting a shift from simply delivering aircraft to also providing essential services.
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$AIR$BA
Analysis
Airbus: Airbus is a major European aerospace corporation focused on designing and manufacturing commercial aircraft along with related services. The company is actively expanding its commercial services business to capture growing post-delivery revenue streams from maintenance, training, and connectivity. Its latest forecasts highlight the scale of workforce needs required to support expanding global air travel. Boeing: Boeing is a leading American aerospace company that produces commercial jets and maintains a dedicated services division handling aftermarket support. It separates services revenue, which includes maintenance and other support, into a distinct and profitable business unit. The firm shares similar long-term views with Airbus on aviation market expansion. Lars Wagner: Lars Wagner is the CEO of Airbus Commercial. He described the evolving industry narrative around delivering both aircraft and comprehensive services to customers. His remarks reflect Airbus's focus on services as a key growth area amid changing market dynamics. Cristina Aguilar Grieder: Cristina Aguilar Grieder serves as head of customer services at Airbus. She outlined the company's targets for growing commercial services revenue as part of a broader shift toward integrated aircraft and support offerings. Her comments emphasize Airbus's strategy to outpace overall market growth in services. India Market Focus: Both Airbus and Boeing identify India as experiencing the fastest growth in air travel demand in the coming years. Maintenance Challenges: Off-wing engine maintenance has emerged as a high-growth segment amid more frequent repairs and ongoing aircraft delivery delays affecting the industry. Aviation Services Growth: The post-factory services market in aviation is expanding rapidly as airlines prioritize maintenance, connectivity, and training alongside new aircraft deliveries.
Categories
macro