College or US$70,000 a year? Aviation industry scrambles for mechanics as retirements loom

The aviation industry needs to hire thousands of more people as manufacturers of airplanes and aircraft engine-makers are racing to ensure a pipeline of technicians to fix and maintain their aircraft as a wave of current employees approach retirement. In July, Boeing forecast that the aviation industry will need 754,000 new aircraft technicians over the next 2 decades, more than 80% of them for the growing commercial aviation sector. That crunch comes amid a wave of retirements that's sweeping other corners of the industry like pilots. About 30% of aircraft mechanics are at or near retirement age and they're retiring faster than they're being replaced, the Aviation Technician Education Council, said in December. The average age of a mechanic is 51. More than a quarter are older than 64 years. <br/>
CNBC
https://www.cnbc.com/2018/09/03/airlines-search-for-young-mechanics-as-retirement-wave-looms.html?__source=yahoo%7Cfinance%7Cheadline%7Cstory%7C&par=yahoo&yptr=yahoo
9/3/18