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Qantas Is Setting Up a Pilot-Training School

A mock-up cockpit of the McDonnell Douglas MD-81 aircraft is seen in an exhibition space of the Japan Airlines Co. (JAL) Sky Museum inside the company's maintenance center at Haneda Airport in Tokyo, Japan, on Wednesday, July 26, 2017. JAL is scheduled to release first-quarter earnings on July 31.
Photographer: Kiyoshi Ota/Bloomberg

As the world grapples with a shortage of pilots, Qantas Airways Ltd. is taking matters into its own hands.

The Australian airline is setting up a school to train as many as 500 pilots a year, it said Thursday as it reported record first-half profits. The carrier will initially produce about 100 pilots a year just for Qantas, and other airlines could ultimately pay for training at the facility, Chief Executive Officer Alan Joyce told reporters.