In a largest deal, Air India has inked letters of intent with Airbus and Boeing to purchase single-aisle and widebody aircraft to expand its fleet with an additional 470 aircraft. Air India's recent agreement with Airbus and Boeing is not just a significant milestone for job creation in the US and UK, but it also presents an excellent opportunity for job creation in the Indian market.
With over 250,000 employees already working in the industry, NLB Services anticipates a surge in demand for both technical and non-technical talent by 10-15% to meet the workforce requirements of operating on a larger scale.
Sachin Alug, CEO of NLB Services, adds: "This deal will directly impact the Indian talent industry by creating tremendous employment opportunities across various domains. We expect at least 10000 new jobs in both tech and non-tech roles to be created in the aviation sector in the next 2 years in the country. The aviation industry generates multiple jobs each year, whether it lies within the industry or through aviation's supply chain."
According to NLB Services, India presently has 141 operational airports, and the government is projected to invest USD 1.83 billion to expand airport infrastructure and build nearly 60 additional airports by 2026. These developments are likely to enhance the aviation sector, positioning India as one of the top three aviation markets in the world.
Here are some of the profiles which are expected to benefit from the Air India deal with Airbus and Boeing as per NLB Services:
|Sl. No||Job Profiles||Expected Growth of Job Creation||Additional Demand for Job Profiles|
Expected Salary Jump in %
|1||Aircraft maintenance engineers||14-15%||1000||15-17%|
Fastest Growing Aviation Market
India is one of the fastest-growing aviation markets in the world. In the coming years, the demand for various profiles, such as Aircraft Maintenance Engineers, Aerospace Engineers, Flight Engineers, Pilots, Flight Attendants, and Ground Staff, is expected to increase.
According to industry reports, the country will require approximately 2,210 new aircraft in the next two decades, and the annual domestic air traffic growth is projected to be nearly 7% until 2041.