Exup,
Having followed the forum I don’t think that there is anything that shows the airlines is being run by a bunch of corrupt engineers.
In fact I can tell you it makes more skill and ability to keep these old aircraft flying and you can be sure the CAA will be breathing down their necks.

Of course there are people who say these things for political agenda. Read some of the major airline forums you will see the same rhetoric.

If you try and sort the wheat from the chaff you will see that MK have long been in financial problems and yes they have struggled to keep going in a very difficult economic climate.
Once the slide starts the first thing is to cut rates, fly additional dead legs, go to place no one else will go and carry cargos that no one else will carry etc to get work at any cost. Then the cost cutting to not pay creditors and finally the not paying salaries.
It is a tough road back.

The “problem” is that MK is still run by the founder with a personal interest to try and keep his baby alive and not by a nondescript financial committee.
The leaving of Commercial and QA people must be tough to overcome but these people have a living and family to maintain so who can blame them for not taking better offers.
As storeman says some people just cannot survive on reduced or deferred salaries

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There probably is lots of work out there but if there is any money to be made the Big Boys will be doing it.
Your points about the 2-4 hour market are probably correct but the problem is that you are in a smaller niche market with less work and more competition.