Hi Bikerwo,
Being 40+ shouldn't hinder you too much,I got my break at 38 with a TP company. I'm still with them, but in the left hand seat.
I'm also ex services and the former chief pilot was ex RAF and liked the forces guys.
Our company would like to hire more older guys due to them sticking around longer than the younger ones who have an eye on the big shiney jets.
There's definately movemment in the profession at the moment, just have a think of who you expect to fly for.