A shortage of Chinese labor has brought out ritzy expat packages, according to a report.
Air travel in China is taking off, with analysts projecting traffic in the skies to expand by almost four times in the next 20 years.
There’s just one pressing problem: a shortage of Chinese labor.
That’s why airlines are turning to overseas headhunters to recruit foreign talent, with the promise of glitzy expatriate packages that can, in some markets, make up to four times a pilot’s salary, according to Bloomberg.
“I looked at that and thought, ‘Man, I’m in the wrong line of business,’” said Dave Ross, president of pilot leasing firm Wasinc International who has been recruiting candidates for Chengdu Airlines. “They can live like a king.”
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Here’s a look at what they’re offering, according to the report from Bloomberg, citing a former United Airlines pilot who says he’s been inundated with offers from Chinese carriers:
“We’re not seeing any softness yet,” said Ihssane Mounir, Boeing’s senior vice president of sales for Northeast Asia, pushing back against concerns that China’s slowing economic growth could drive down sales of its jetliners.
“We’re watching it close. But if I just look at the Chinese market as it stands today, I’m not seeing any signs of weakness whatsoever.”
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One factor weighing on the recruitment process is the observation that some foreign pilots don’t want to live in China, according to Richard Laig, a partner overseeing Asian business at consulting firm Mango Aviation Partners.
“There aren’t a lot of expat pilots who really want to go to China,” he told Bloomberg. “There are places that are more comfortable.”