College or $70,000 a year?

College or $70,000 a year?

Publication Date : Mon, March 3 2018
Publication Name : CNBC.COM

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

  • Boeing estimates the aviation industry will need 754,000 new aircraft technicians over the next 20 years.
  • About 30 percent of the current ranks 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.
  • Young mechanics can quickly earn $72,000 a year.

About 30 percent 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.

After a couple of years of experience, Maharis can earn $35 an hour fixing the body of the airplane, which works out to about $72,000 a year. The median annual U.S. household income in 2016 was $59,039, according to the U.S. Census Bureau.

Click on the below link for the article source:

https://www.cnbc.com/2018/09/03/airlines-search-for-young-mechanics-as-retirement-wave-looms.html