Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Wanted: 500,000 pilots for China aviation gold rush

Published 11/02/2014, 04:16 PM
Updated 11/02/2014, 04:20 PM
© Reuters File photo of a visitor standing next to a Piaggio Avanti II business aircraft during the Shanghai International Business Aviation Show at Hongqiao International Airport in Shanghai

By Fang Yan and Matthew Miller BEIJING (Reuters) - China's national civil aviation authority says the country will need to train about half a million civilian pilots by 2035, up from just a few thousand now, as wannabe flyers chase dreams of landing lucrative jobs at new air service operators.

The aviation boom comes as China allows private planes to fly below 1,000 meters from next year without military approval, seeking to boost its transport infrastructure. Commercial airlines aren't affected, but more than 200 new firms have applied for general aviation operating licenses, while China's high-rollers are also eager for permits to fly their own planes.

The civil aviation authority's own training unit can only handle up to 100 students a year. With the rest of China's 12 or so existing pilot schools bursting at the seams, foreign players are joining local firms in laying the groundwork for new courses that can run to hundreds of thousands of dollars per trainee.

"The first batch of students we enrolled in 2010 were mostly business owners interested in getting a private license," said Sun Fengwei, deputy chief of the Civil Aviation Administration of China's (CAAC) pilot school. "But now more and more young people also want to learn flying so that they can get a job at general aviation companies."

While uncertainties remain for what will be a brand new industry, firms are betting they can make money and trainee pilots are convinced they can land dream jobs. Among them is Zong Rui, a 28-year-old former soldier in the People's Liberation Army from Shandong province in east China, attending a pilot school in Tianjin, an hour's drive from Beijing.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"The salary is good for a general aviation pilot," Zong told Reuters by telephone, preparing for a training session. Even without a job lined up, Zong is certain money he borrowed to learn how to fly will pay off: "I can easily pay back the 500,000 yuan ($81,750) tuition in two years, once I get a job."

OPEN SKIES

By the end of the year, industry executives expect Beijing to issue detailed guidelines on how it will implement plans unveiled in 2010 to open up airspace below 1,000 meters in 2015, expanding the open skies to airspace below 3,000 meters by 2020.

Global makers of small planes, like Cessna Aircraft Company (N:TXT), Pilatus Aircraft Ltd or Piaggio Aero Industries SpA, have long had their sights on China's burgeoning general aviation market.

Now they're being joined by air service providers like Tasmania-based Rotor-Lift Aviation, which has helped train pilots in Hong Kong, Malaysia and other Asian countries.

"I came here for opportunities," said Peter McKenzie, Rotor-Lift training manager. McKenzie has been in talks to establish a training program for Chinese general aviation pilots in Australia as well as a joint venture.

Taking training outside China is an option also favored by China's biggest aircraft maker, Aviation Industry Corporation of China, which has invested in a flying school in South Africa.

Other foreign players include Spain's Indra Sistemas (MC:IDR), the first foreign company certified by CAAC to implement a full flight simulator for helicopters in China. Canada's CAE Inc (TO:CAE) also operates a partly-owned flight training center in south China.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

While the majority of new trainee pilots set their sights on a license as a means to a career, for some among China's more affluent classes it's a key to a flamboyant new hobby.

For Li Zheng, 33-year-old owner of an advertising company, driving a fancy car isn't that exciting anymore: He has set his sights on flying his own plane.

"I love sports, especially those with a challenge, like flying," said Li, a former hot air balloon racer, speaking just before a training flight. Li's ultimate goal: buying an airplane to fly with his wife, who recently joined Abu Dhabi-based Etihad Airways as a flight attendant.

(Editing by Kenneth Maxwell)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.