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Africa’ll Need 22,000 Pilots in 20 Years – Boeing

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Aircraft manufacturing giant, Boeing, has predicted that Africa will need  about 22,000 new pilots and 24,000 new technicians by 2035.

In a statement on their website, Boeing added that a total of 1.5 million new pilots and 24,000 technicians would be in demand worldwide at the same period.

According to Boeing, the outlook represents a global requirement for about 31,000 new pilots, 35,000 new technicians and 40,000 cabin crew annually.

A breakdown of the figure region by region shows that Asia Pacific has the highest forecast with 248,000 pilots and 268,000 new technicians; Europe, 104,000 pilots and 118,000 new technicians; and North America, 112,000 pilots and 127,000 new technicians.

In addition, 51,000 pilots and 50,000 new technicians would be in demand in Latin America; 58,000 pilots and 66,000 technicians in the Middle East; and Russia, 22,000 pilots and 26,000 technicians by 2035.

The forecast was made at Boeing’s 2016 Pilot and Technician Outlook at EAA Air Venture Oshkosh.

The outlook is a respected industry study, which forecasts the 20 year demand for crews to support the world’s growing commercial airplane fleet. This year’s outlook focuses on cabin crew demand.

It shows a growth of 10.5 per cent for pilots over the 2015 outlook and 11.3 per cent for maintenance technicians.

The Vice-President, Boeing Flight Services, Sherry Carbary, said, “The pilot and technician outlook has become a resource for the industry to determine demand for successful airline operations. Cabin crew are an integral part of operating an airline.

“While Boeing does not train cabin crew like pilots and technicians, we believe the industry can use these numbers for planning purposes.”

Boeing forecast that between 2016 and 2035, the world’s commercial aviation industry would require approximately 617,000 new commercial airline pilots, 679,000 commercial airline maintenance technicians and 814,000 cabin crew

Boeing said that new pilot demand had been primarily driven by new airplane deliveries and fleet mix, while new technician demand was driven by fleet growth.

According to Boeing, the Asia-Pacific region comprises 40 per cent of the global need due to the growth in the single-aisle market, which is driven by low-cost carriers, while North America is the result of new markets opening in Cuba and Mexico and demand in Europe has increased as a response to a strong intra-European Union market.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Technology

Gov. Sule Joins the Digital Economy and E-government Council

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Nasarawa State Governor, Abdullahi Sule has been appointed a member of the Digital Economy and E-government council by the President, Muhammadu Buhari.

The Chief Press Secretary to Governor Sule, Ibrahim Addra, disclosed this in a statement he issued to journalists in Lafia, the state’s capital.

According to the release, the governor’s appointment was announced in a letter signed by Isa Ali Ibrahim Pantami, Minister of Communication and Digital Economy.ica.

Part of the statement reads “ the constitution of the Presidential Council is in an effort to implement the National Digital Economy Policy (NDEPS) and the Nigerian E-government Master Plan (NEGMP).

“The Minister of Communication notes that Nasarawa State is critical to the success of Nigeria’s Digital Economy Agenda.”

The statement stated that Governor Sule and other members of the council would be inaugurated on a date to be announced by the council’s chairman, President Buhari.

The National Digital Economy Policy and Strategy (NDEPS) was developed in line with the Presidential directives given to the Minister of Communications on his assumption of office in 2019.

Accordingly, the aim was to enable Nigeria to take advantage of digital technologies are transforming every aspect of modern life,  in order to become a global leader in the digital economy and serve as a catalyst for economic diversification and the achievement of key national goals such as improving security, reducing corruption, and expanding the economy.

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Social Media

United States Federal Trade Commission Fines Twitter $150 Million Over Privacy, Security Violations

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The United States Federal Trade Commission (FTC) has ordered Twitter Incorporation to pay a sum of $150m as a fine for violating the 2011 administrative order of the Commission over its decision to use the email addresses and phone numbers of its users for targeted advertising.

The suit noted that the misrepresentations violated the FTC Act. Therefore, the commission and Twitter agreed to a settlement of $150 million after Twitter had earlier told users that the data was gathered for security purposes.

Checks by Investors King show the verdict was announced by the U.S Department of Justice (DoJ) on Wednesday.  The US DoJ in its 20-page count filed in the US District Court alleged that Twitter asked users for their contact information to make their accounts more secure. The social media giant failed to tell users that it would also use their phone numbers and email addresses to help companies send targeted ads to them.

“Twitter obtained data from users on the pretext of harnessing it for security purposes but then ended up also using the data to target users with ads,” FTC Chair, Lina Khan accused.

Khan further said the practice affected more than 140 million Twitter users while boosting Twitter’s primary source of revenue.

The 2011 FTC order stated that Twitter “engaged in deceptive acts or practices” by misrepresenting how it handled user data and that the company lacked reasonable safeguards to keep accounts and data secure. Additionally, the order barred Twitter from misrepresenting “the extent to which [it] maintains and protects the security, privacy, confidentiality, or integrity of any nonpublic consumer information,” the order read in part.

Twitter’s settlement covers allegations that it misrepresented the “security and privacy” of user data between May 2013 and September 2019, according to the court documents.

In addition to the monetary settlement, the agreement requires Twitter to improve its compliance practices,” according to the statement of order.

According to the complaint issued, “Specifically, while Twitter represented to users that it collected their telephone numbers and email addresses to secure their accounts, Twitter failed to disclose that it also used user contact information to aid advertisers in reaching their preferred audiences.”

Twitter is a free service that generates its revenue majorly through advertising

The company generated $5bn in revenue in 2021 and said in a filing earlier in May that it had put aside $150m after agreeing” in principle” upon a sanction by the FTC.

 

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Telecommunications

TELCOS Decry Government’s Decision on Telephone Tax

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The Association of Licensed Telecoms Operators of Nigeria (ALTON) has said the recent move by the Federal Government to add a one kobo per second tax on phone calls is a misplaced priority. 

Investors King recalls that the Federal Government of Nigeria had, on Monday, said it will implement a one kobo per second tax on phone calls in the nation to fund free healthcare for the vulnerable. 

ALTON said it is a “bad fate” on the part of the Government and it is badly intended. “This is because when we came out that the government should look at our cost of operations and give us room to review tariffs, everybody treated us like an outcast. 

“The same government is now coming in a matter of days to say they are introducing new taxes. So, when they were saying to us that we cannot increase tariff because it is insensitive to the plight of the people and now, they brought another tax thing through the back door, we think it is bad fate and badly intended. So if we cannot review based on the impact it will have on subscribers, why are they bringing in another tax, still on subscribers. 

“Government cannot act in one way and say another thing”, ALTON said.

According to ALTON, this will affect subscribers because they get less value for what they pay for.

“It means now that when you buy a 100 recharge card, the percentage will be deducted from it and paid to the government. So it is shortchanging the people. What will happen is that operators will be mandated to collect this tax on their behalf and remit it to the government”, the association noted.

ALTON suggested that although the motive for the tax rate is understandable, the government should have looked elsewhere to source it.

It said: “Not telecoms subscribers whom the government has said its suffering because of living lately 

“We will not complain as operators because we will definitely remit, it is the subscribers that will bear the brunt”.

A Lagos State resident, Taiwo Popoola, in a conversation with Investors King, said the decision to increase the tax rate will be too hard for an average Nigerian to bear if implemented. According to him, only the upper class of the society will conveniently afford it. 

“On the part of the users, buying airtime will drastically reduce. People would resolve to use social media channels to reach each other and may, in turn, reduce the income of these telecommunication companies,” Taiwo said. 

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