Emirates aims to hire an additional 400 pilots and up to 6,000 cabin crew by the middle of 2023. Photo: Emirates
Emirates aims to hire an additional 400 pilots and up to 6,000 cabin crew by the middle of 2023. Photo: Emirates
Emirates aims to hire an additional 400 pilots and up to 6,000 cabin crew by the middle of 2023. Photo: Emirates
Emirates aims to hire an additional 400 pilots and up to 6,000 cabin crew by the middle of 2023. Photo: Emirates

Emirates to build $135m pilot-training centre as travel demand soars


Deepthi Nair
  • English
  • Arabic

Emirates, the world’s biggest operator of the Airbus A380 jet, will soon build an advanced training centre for pilots as it ramps up operations to meet strong air travel demand.

The centre will accommodate six full-flight simulator bays for its future Airbus A350 and Boeing 777X aircraft, the airline said on Monday.

The 5,882-square-metre training unit is expected to open in March 2024.

“This $135 million investment to build a new pilot training centre will ensure Emirates’ readiness to commence its pilot training ahead of the delivery of its new aircraft fleet starting from 2024,” said Sheikh Ahmed bin Saeed, chairman and chief executive of Emirates airline and Group.

“The building will be equipped with the latest, technologically advanced simulators to provide the best training for pilots, while using solar power to reduce energy consumption.”

Air travel demand has beaten expectations, driving the airline's plans to hire additional pilots and cabin crew, return more Airbus A380s into service and rebuild its network to pre-pandemic levels, Emirates' chief operating officer Adel Al Redha said on the sidelines of the Bahrain International Airshow in November.

The airline intends to hire an additional 400 pilots and 5,000 to 6,000 cabin crew by the middle of 2023, recruiting to the maximum capacity of its training centres, he said at the time.

This will increases its current workforce of 4,500 pilots and 17,500 cabin crew.

The airline’s capacity has recovered to 80 per cent of its pre-pandemic levels while its vast network has returned to 95 per cent of its pre-crisis size after international borders reopened and coronavirus-related restrictions eased.

In terms of capacity, it currently operates a fleet of 120 Boeing 777 aircraft and 78 of its 116 Airbus A380s, said Mr Al Redha.

It plans to return its full fleet of superjumbos into service by the end of 2023.

The new training unit will be adjacent to the existing Emirates training complex in Dubai, which will help trainees to integrate with other centres, the airline said.

Trainees can set up and configure the cockpit environment as part of the pilot-training module and upload the data to the full-flight simulator, it said.

“This concept is designed to shorten the trainee’s preparatory time inside the simulator, help them maintain focus and take full advantage of the training duration,” Emirates said.

With the addition of the new building to the airline's existing training colleges in Dubai, Emirates will have the potential to expand its pilot-training capacity by 54 per cent a year.

Across the airline’s training buildings, pilots can use 17 full-flight simulator bays offering a capacity of more than 130,000 training hours a year.

In line with the scheduled delivery of Emirates’ first Airbus A350 aircraft, the airline’s newest training college will commence training its first batch of A350 pilots by June 2024.

Besides training centres for its flight deck crew, the airline said it offers a range of career development programmes for its workforce and for other aviation professionals.

In Dubai, these include the Emirates Flight Training Academy for cadets, Emirates Aviation University, Emirates Cabin Crew Training Centre and many programmes specially created for different segments of its employees, it said.

Emirates placed an order for 50 Airbus A350-900 XWB aircraft worth $16 billion at list prices at the Dubai Airshow in 2019. Delivery was scheduled to start in May 2023 and run until 2028.

The long-delayed Boeing 777X, of which the 777-8 and 777-9 are variants, has been in development since 2013 and was expected to be released for airline use in June 2020.

Emirates has a tentative delivery date of July 2025 to receive the first of 777X wide-body jets, with new wings and engines.

Boeing delayed the delivery of its first 777-9 jet, a variant of its new 777X aircraft, by another year and deliveries are now expected to start in 2025.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: February 20, 2023, 7:40 AM