Shortage..
According to Economics demand has a direct relationship with
price. Price follows the demand like a tail. I love Economics as a subject
although I know it is very hard but it teaches and makes you understand whats
happening around the world.
Recently i studied the growing economies of the nations and the rising demand for airline pilots. Being a commercial pilot for a recognized airline is a dream that people all over the world see including me. Not only you become a part of exotic locations and having pocket full of greens but the attraction of air hostesses makes it irresistible. The world needs better and qualified pilots. The rising demand all over the world because of growing economies, tourism, sports, fashion, media, politics has given birth to a question of whether the requirement of 460,000 new pilots will be met or not ? The figure comes from the Boeing, the world’s largest manufacturer of passenger planes. The biggest growth in demand for pilots will be faced by the Asia-Pacific region and mainly China. The biggest obstacle in meeting those figures today and in future will be the cost of becoming a pilot.In a third world country like Pakistan the costs are very high. As much as Rs.4 million ($42000) with no international recognition. Furthermore the threshold has been risen globally for all pilots from 250 hours of professional flying experience to 1500 hours. This is where people who even can afford to become a pilot back out. Those who do not back out look for jobs as an instructor just to somehow meet the 1500 hours threshold and it takes a lot of time.
There are doubts all over the world on how this requirement will be met because of the two major reasons stated above. People are in fear that if god forbid they do not meet the requirements they will look on to inexperienced pilots which can be a risk to several lives at one time. It is obvious that steps are to be taken by all the aviation throughout the world to ensure the standard of training provided to young cadets and more placement opportunities to complete their threshold as soon as possible.
Recently i studied the growing economies of the nations and the rising demand for airline pilots. Being a commercial pilot for a recognized airline is a dream that people all over the world see including me. Not only you become a part of exotic locations and having pocket full of greens but the attraction of air hostesses makes it irresistible. The world needs better and qualified pilots. The rising demand all over the world because of growing economies, tourism, sports, fashion, media, politics has given birth to a question of whether the requirement of 460,000 new pilots will be met or not ? The figure comes from the Boeing, the world’s largest manufacturer of passenger planes. The biggest growth in demand for pilots will be faced by the Asia-Pacific region and mainly China. The biggest obstacle in meeting those figures today and in future will be the cost of becoming a pilot.In a third world country like Pakistan the costs are very high. As much as Rs.4 million ($42000) with no international recognition. Furthermore the threshold has been risen globally for all pilots from 250 hours of professional flying experience to 1500 hours. This is where people who even can afford to become a pilot back out. Those who do not back out look for jobs as an instructor just to somehow meet the 1500 hours threshold and it takes a lot of time.
There are doubts all over the world on how this requirement will be met because of the two major reasons stated above. People are in fear that if god forbid they do not meet the requirements they will look on to inexperienced pilots which can be a risk to several lives at one time. It is obvious that steps are to be taken by all the aviation throughout the world to ensure the standard of training provided to young cadets and more placement opportunities to complete their threshold as soon as possible.
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