Well.........
Instead of all us Monday Morning Economists (Who lets face it - none of us have got a clue [even those who think they do]) trying to decide whether its a good idea to train or not. Lets leave it the financial experts (i.e. the people who's money we are trying to borrow for training) shall we?
1. Anybody who has approached HSBC for a 30k unsecured loan for a modular fATPL in the last month please shout the outcome here.
2. Anybody who has approached HSBC for a 60K secured loan for a integrated fATPL in the last month please shout the outcome here.
I'm more than happy to be proved wrong based on FACT, but if HSBC thinks its a bad idea to train now - who are we to argue.
And as to those shouting great things at oil being $124 per barrel, then please give it a rest....that level is UNSUSTAINABLE for a whole load of airlines, its just that $145 is even more UNSUSTAINABLE for a whole load of airlines. Anything over $100 means the airlines are operating (the actual aircraft) for NO PROFIT and they might as well send the airbuses & boeings back and put the capital employed in a Post Office high interest account.....
Lets face it demand is huge and it only takes a missile test east of Dubai to send the cost soaring again
Personally I think this thread is irresponsible (Thats my opinion, one that I'm perfectly entitled to) because there is no EVIDENCE that the upturn is upon us or even that the downturn has finished yet.
Just takes one Major or large regional anywhere in the EU to make redundancies or go under and wannabees in training will be up the creek.
Topslide - thankyou for probably the most balanced words currently printed on both threads. A very close family member of mine is a very senior FO for a bucket and spade charter company and has found himself checking his seniority number every other day...