Hong Kong, Oct. 13 -- The latest Airbus Global Services Forecast (GSF) predicts the value of the services market - maintenance, modifications and upgrades, digital and connectivity and training - will reach US$311 billion by 2044 against US$159 billion this year. Read More The increase represents a compound annual growth rate (CAGR) of 3.6% over the next 20 years from the 3.5% CAGR in the OEM's 2024-2043 GSF. There is a need for 2.35 million additional skilled workers in aviation - 705,000 new maintenance technicians, 633,000 new pilots and 1.01 million new cabin crew - to meet expected demand for air travel in the next two decades, the GFS said. The forecast highlights the need for the industry to "intensify efforts" to attract and train n...
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