7/23/2015
By Charles Payne, CEO & Principal Analyst

Yesterday, Boeing (BA) posted earnings that beat the Street, and while tanker issues negatively impacted guidance, the quarter saw a record for commercial aircraft deliveries.  The company delivered 197 commercial plans, including 34 of its 787 model.  This is the best proxy for the global economy since there will be a need for 558,000 pilots and 609,000 technicians by 2034.

If you need to understand where global economic growth will come from over the next 20 years, look eastward.  That’s great news for Boeing, however.

Projected demand for new pilots and technicians by global region:

• Asia Pacific – 192,300     pilots and 215,300 technicians
• Europe – 99,700              pilots and 108,200 technicians
• North America – 85,700 pilots and 97,900 technicians
• Latin America – 48,600   pilots and 47,600 technicians
• Middle East – 40,000       pilots and 53,100 technicians
• Africa – 16,500                 pilots and 15,900 technicians

Russia and CIS – 15,200  pilots and 18,000 technicians

The bottom line is that we face current headwinds and unknown territories, but the longer-term path towards global prosperity remains intact, which means real investors have to endure near-term air pockets for long-term riches.  I know it is easier said than done, but that’s the proven formula; currently, all the pieces are in place for it to be true for a long time.

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Charles Payne
Wall Street Strategies

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