Maintenance Staff Shortage Could Clip Aviation Industry's Wings

The world's commercial aircraft fleet is set to balloon by a third by 2034, according to Oliver Wyman. Charly TRIBALLEAU / AFP/File
The world's commercial aircraft fleet is set to balloon by a third by 2034, according to Oliver Wyman. Charly TRIBALLEAU / AFP/File
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Maintenance Staff Shortage Could Clip Aviation Industry's Wings

The world's commercial aircraft fleet is set to balloon by a third by 2034, according to Oliver Wyman. Charly TRIBALLEAU / AFP/File
The world's commercial aircraft fleet is set to balloon by a third by 2034, according to Oliver Wyman. Charly TRIBALLEAU / AFP/File

The United States is grappling with a shortage of maintenance workers in the aviation industry, with baby boomers retiring and others changing jobs during the pandemic.
This comes as the global fleet of commercial aircraft is set to balloon a third by 2034, involving more than 36,400 vessels, according to a recent study by consulting firm Oliver Wyman.
In its wake, spending in the maintenance, repair and overhaul market is projected to grow almost 20 percent by 2034, AFP said.
But the sector suffers from a shortfall of qualified manpower -- and an inadequate pipeline of talent.
It lacks some 24,000 aviation maintenance technicians in North America, a figure due to reach nearly 40,000 by 2028, Oliver Wyman notes.
This gap is not one that the renowned Aviation High School in Long Island will be able to fill with its cohorts totaling 2,000 students.
"I don't think the Aviation High Schools have enough capacity to train enough people," said Steven Jackson, principal of the Aviation High School in Long Island City.
"We are one of the largest high schools and it would be hard to scale it up further," he added.
Growth impact
The school is one of 28 certified by the US Federal Aviation Administration (FAA), and trains future aviation maintenance technicians who can either enter the workforce after high school or further their studies in universities.
"The job market is good and there is more money so, at the moment, more go straight to work than before," Jackson told AFP.
In the United States, around 4,000 maintenance, repair and overhaul companies employ some 185,000 aviation maintenance technicians and engineers. This forms around 44 percent of the global total, according to the Aeronautical Repair Station Association.
"Working as a mechanic opens so many opportunities," said Fariha Rahman, 17, speaking to AFP at a JetBlue maintenance hangar during a Career Discovery Week.
"I want to start in maintenance, and work my way up," the high school student added.
Another student, 15-year-old Gaby Moreno, added: "It's such a great industry."
"There are so many different jobs, so many benefits, and discounts for flights and other things, like insurance," she added.
AlixPartners specialist Pascal Fabre stresses that the training of maintenance technicians will need to be accelerated.
To boost the attractiveness of aviation maintenance, Congress passed legislation in 2018 enabling the FAA to provide ad hoc grants.
As a result, $13.5 million was awarded in March to 32 schools, 20 of which would especially help with training maintenance professionals.
"Because so many aviation jobs are critical to operations, any ongoing shortage can eventually result in the industry's growth being limited," Oliver Wyman noted in an earlier report.
Quality issues
In a 2023-2042 outlook, aviation giant Boeing forecasts "strong" long-term demand for newly qualified aviation personnel.
There is a need for some 690,000 new maintenance technicians to help maintain the global commercial fleet over the next 20 years, according to Boeing.
The maintenance, repair and overhaul sector is "under-capacity, and hangar maintenance slots are in high demand, especially as aircraft manufacturers' delivery delays mean that older aircrafts are being flown for longer periods, requiring more maintenance," Fabre added.
The two major aircraft manufacturers, Boeing and Airbus, are fully booked until almost the end of the decade, and are accumulating delays.
Meanwhile, airlines are stepping up orders as they seek to capitalize on strong demand from travelers and build fuel-efficient fleets.
"The pressure to produce and the retirement of many skilled baby boomers during COVID may also be contributing to some of the quality-control issues plaguing the industry," the recent Oliver Wyman report added.
According to experts, departures have led to the disruption of a transfer of know-how between experienced and new technicians.
Since 2023, Boeing has suffered production problems and numerous incidents on its 737 MAX series, which prompted the FAA to launch an audit into its quality control.
In early January, an Alaska Airlines 737 MAX 9 suffered a blowout of a door plug while in flight.
Boeing CEO Dave Calhoun recently announced that he would step down by year-end, in a leadership shakeup as the company faces heavy scrutiny.
Previously, two fatal 737 MAX crashes -- one in 2018 and one in 2019 -- led to a nearly two-year grounding of the aircraft.
Beyond manufacturers, United Airlines is also in the crosshairs of the FAA, which is reviewing its safety procedures after several recent incidents.



Italy in Talks with US, Azerbaijan, Algeria to Offset Loss of Gas from Qatar

A general view shows cisterns at the deposit of an oil site, in Rome on March 19, 2026. (Photo by Andreas SOLARO / AFP)
A general view shows cisterns at the deposit of an oil site, in Rome on March 19, 2026. (Photo by Andreas SOLARO / AFP)
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Italy in Talks with US, Azerbaijan, Algeria to Offset Loss of Gas from Qatar

A general view shows cisterns at the deposit of an oil site, in Rome on March 19, 2026. (Photo by Andreas SOLARO / AFP)
A general view shows cisterns at the deposit of an oil site, in Rome on March 19, 2026. (Photo by Andreas SOLARO / AFP)

Italy is talking to several countries, including the United States, Azerbaijan and Algeria, to secure gas supplies now that Iranian strikes on Qatar appear to have halted its exports for an extended period, Energy Minister Gilberto Pichetto Fratin said.

Iranian attacks have knocked out 17% of Qatar's liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and ⁠threatening supplies to Europe ⁠and Asia, QatarEnergy's CEO told Reuters on Thursday.

"The very fact that Qatar's LNG plant that had been shut down was also bombed had a devastating impact on prices," Pichetto Fratin said on Friday attending ⁠an event in Milan.

Edison, an Italian unit of French power company EDF, has a long-term contract with QatarEnergy for the supply of 6.4 billion cubic meters of gas per year to Italy, nearly 10% of the country's annual gas consumption.

Qatar had already declared force majeure on gas exports earlier this month, flagging to Edison it would not be ⁠able ⁠to fulfill its contractual obligations concerning April.

The pause in supplies is likely be longer-lasting after its gas infrastructures were hit hard this week, QatarEnergy's CEO said.

Pichetto Fratin said on Friday that despite the disruption in supplies from the Middle East, Italy had agreed with the European Union that the bloc should not return to buying its gas from Russia.


Shell: Repair of Second Unit at Pearl Facility in Qatar to Take About a Year

A digital price sign is seen at a Shell gasoline station in San Francisco, California, USA, 18 March 2026. EPA/JOHN G. MABANGLO
A digital price sign is seen at a Shell gasoline station in San Francisco, California, USA, 18 March 2026. EPA/JOHN G. MABANGLO
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Shell: Repair of Second Unit at Pearl Facility in Qatar to Take About a Year

A digital price sign is seen at a Shell gasoline station in San Francisco, California, USA, 18 March 2026. EPA/JOHN G. MABANGLO
A digital price sign is seen at a Shell gasoline station in San Francisco, California, USA, 18 March 2026. EPA/JOHN G. MABANGLO

Shell said on Friday that full repair of its train two at the Pearl GTL (gas-to-liquids) facility in Qatar would ⁠take around a ⁠year, confirming a statement to Reuters from QatarEnergy, after Iranian ⁠attacks earlier this week.

Shell said train one at the facility was not damaged, and its QatarEnergy LNG N(4), which Shell has ⁠a ⁠30% interest in and which equates to 2.4 MTPA of equity production, was not impacted.

Shell has a 100% interest in Pearl GTL in Qatar, which has capacity to process up to 1.6 billion cubic ⁠feet ⁠per day of wellhead gas, converting it into 140,000 bpd of gas-to-liquids.


US Stocks Sink on Fears the War with Iran will Keep Interest Rates High

A bobble head depicting US President Donald Trump sits on a desk as traders works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 14, 2025.  (Photo by TIMOTHY A. CLARY / AFP)
A bobble head depicting US President Donald Trump sits on a desk as traders works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 14, 2025. (Photo by TIMOTHY A. CLARY / AFP)
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US Stocks Sink on Fears the War with Iran will Keep Interest Rates High

A bobble head depicting US President Donald Trump sits on a desk as traders works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 14, 2025.  (Photo by TIMOTHY A. CLARY / AFP)
A bobble head depicting US President Donald Trump sits on a desk as traders works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 14, 2025. (Photo by TIMOTHY A. CLARY / AFP)

US stocks are sinking Friday as hopes wither on Wall Street for a possible cut to interest rates by the Federal Reserve this year because of the war with Iran.

The S&P 500 fell 0.9% and was on track for a fourth straight losing week, its longest such streak in a year. The Dow Jones Industrial Average was down 285 points, or 0.6%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 1.2% lower.

Stocks sank under the weight of leaping yields in the bond market. They will make mortgage rates and other borrowing more expensive for US households and companies, slowing the economy, and they grind down on prices for all kinds of investments. Treasury yields have been jumping since the war began because it could cause a long-term spike in oil and natural gas prices that drives up inflation, The AP news reported.

Worries have gotten so high that traders have canceled nearly all their bets that the Federal Reserve could cut interest rates this year, according to data from CME Group. Some even see a possibility for a rate hike in 2026, which was a nearly unthinkable scenario before the war began.

Lower interest rates would give the economy and investment prices a boost, and they're something President Donald Trump has angrily been calling for. Before attacks by the United States and Israel began the war with Iran, traders were betting heavily that the Fed would cut interest rates at least twice this year.

But lower rates risk worsening inflation. And with oil prices so much higher now, investors see little room for central banks worldwide to cut interest rates to help their economies. Besides the Federal Reserve, central banks in Europe, Japan and the United Kingdom also held their interest rates steady this past week.

Friday's worries came even as oil prices calmed a bit. A barrel of Brent crude, the international standard, added 0.3% to $109.02 after drifting lower earlier in the morning. Benchmark US crude rose 0.3% to $95.78 per barrel.

The price of Brent has zigzagged sharply on its way there from roughly $70 per barrel before the war began. Big swings up and down have struck hour to hour as financial markets try to handicap how long the war will last and how much damage it will do to oil and gas production in the Arabian Gulf.

Much of the focus is on the Strait of Hormuz, a narrow waterway off Iran’s coast. A fifth of the world’s oil typically sails through it, but Iran has effectively closed it to its enemies.

On Wall Street, Super Micro Computer dropped 28% and helped drag the US stock market lower. The US government accused a senior vice president of the company and two others affiliated with it of conspiring to smuggle billions of dollars of computer servers containing advanced Nvidia chips to China.

The company said it’s cooperated with the investigation and is not a defendant in the indictment. It placed its two accused employees on administrative leave and terminated its relationship with an accused contractor.

On the winning side of Wall Street was FedEx, which rose 2.2% after delivering a much stronger profit for the latest quarter than analysts expected.

In the bond market, the yield on the 10-year Treasury jumped to 4.37% from 4.25% late Thursday and from just 3.97% before the war started. That's a significant move for the bond market.

The two-year Treasury yield, which more closely tracks expectations for what the Fed will do, jumped to 3.92% from 3.79% late Thursday and is near its highest level since the summer.

Outside of Wall Street, indexes fell in Europe following their wipeouts on Thursday. Indexes also sank in China, though South Korea’s Kospi added 0.3%.