This is called leverage.. While Swires are snivelling in the SCMP today; the following headline in the US Wall Street Journal today Business section TODAY !![*][*][*]Link copied…
Facing a Critical Pilot Shortage, Airlines Scramble to Hire New Pilots
Anticipating a wave of retirements, airlines are increasing salaries and benefits to attract and replenish staff
By
Robert Wall in London and
Andrew Tangel in Chicago
Aug. 8, 2018 5:30 a.m. ETAirlines are boosting salaries and setting up training centers to combat what is projected to be one of the biggest-ever pilot shortfalls.
The dearth of pilots has long been forecast, but it is only now that airlines are being forced to act. Boeing Co. estimates that airlines around the world will need to recruit 635,000 pilots over the next two decades to fly the record number of planes being built and to replace the thousands of aviators expected to retire during that span.