Jan 24, 2017
Throughout the course of his campaign, Donald Trump has continually emphasized the poor condition of the American Aviation system. He is not alone in his views, as Joe Biden also commented on the state of New York's LaGuardia airport in 2014. But why focus so much attention on the aviation sector?
Air travel holds a crucial role in both the economy and transportation as it represents $1.5 trillion total in economic activity and services 900 million passengers a year. Not to mention, it also provides over 12 million jobs. With this in mind, it is surprising to learn that many airports are not suited to handle the influx of passengers, contributing to capacity issues resulting in a loss of billions per year. However, due to new emerging technology and advances in previous technology, airports are ramping up their automation and creating a faster, safer process.
Another problem facing the aviation industry is a diminishing labor pool as the result of mass retirement in an aging workforce. The good news is with an impending shortage of pilots for Regional, Domestic and International carriers in the near future, young adults may consider a career in an exciting industry that can provide advancement and a good livelihood. One barrier prospective pilots had to overcome was how to finance their flight training. Sarah Bryan of CTI Professional Flight Training says, “The flight training financing scene is completely different than it was even just a year ago. One of the first question prospective students ask is “Where can I get financing?” ". Bryan says "Banks are finally starting to understand how much need is out there, and they’re starting to make financing more and more readily available.” Now with this better understanding from financial sources, Flight Schools such as CTI Professional Flight Training have been able to start offering their students multiple financing options.
Finally, the newest challenge facing the aviation industry is the threat of cyber security. With technology becoming ever more widespread and accessible, the possibility for terrorists and hackers to plan an attack via the internet has become a very real concern. This has spawned a whole new field of security awareness training that will provide knowledge of and how to protect against cyber attacks.
In 2016 amidst fewer sales and tougher competition, Boeing has announced that they will be laying off engineers on a voluntary basis, and then involuntarily. This is an indicator that aircraft manufacturing companies will be in direct competition with each other to procure orders from the same customer pool for their aircraft until the demand stabilizes and starts back on an upward trend.
Encouragingly, the aviation system does currently have a stellar record of safety as according to a report released by Airbus, commercial aviation accidents are at an all-time low since 1958.
Indicators show that 2017 and the years following to be the age that our airports and aviation-related industries are fortified and upgraded to exceed international standards. With recent forecasts by the major aircraft manufacturers showing an uptick through to 2035, it is only a matter of time before the American Aviation Industry will be part of a safe and healthy economy once more.
Source: TEAM.Aero- Austin Pegouske