The world is rapidly becoming a world of information which is changing how we live, work and relate to one another. After a decade of training a pilot, the work to obtain the pilot’s license becomes mostly about regulatory compliance. Regulations get complex. The list of regulations to be met is never ending. On top of that, an aircraft becomes more complex as it ages, and there is the need to ensure that the process of inspection and maintenance to keep the aircraft up to standards is carried out correctly.
With an outstanding technological set-up, Asia is home to the fastest growing aviation market. In particular, the young Indian population will boost Asia’s commercial aviation industry by a few notches. According to Goldman Sachs research, the increase in air passenger traffic is expected to increase by 150 percent by 2035, as per the International Air Transport Association (IATA). According to the IATA, passenger air traffic in emerging markets in the Asia-Pacific region is expected to go up from 2 billion to 3 billion passengers by 2035.
The CEO of Venture Alive and Aviation Capital Group, Mr. Bhanu Choudhrie, speaks about the importance of training pilots, the technologies being deployed and the importance of a healthy aviation sector for the economy of the nation, in this interview with Justine Zwiebel for the CNBC segment of “Markets Now.” As a student of Wharton, Bhanu Choudhrie left India with a degree in Economics and went to the University of Minnesota on a study abroad scholarship where he received an MBA.
Prior to founding Frontier Airlines, Bhanu Choudhrie was a founding investor in Cathay Pacific Airways. As a senior partner at law firm Baker & McKenzie, Mr. Choudhrie served as U.K. lead partner in the aviation, oil, and energy industries. “We will reach the limit of what can be taught to a human being in about 100 years. There’s going to be a quantum increase in what humans can achieve and the exponential nature of that exponential increase means that human beings in the next decade or two will reach a kind of a planetary singularity of ability in handling a machine-driven world,” noted Bhanu Choudhrie.