Not in Europe... But I personally know one guy who got a job with an airline (Twin Turboprop) at the age of 43...
1950+ TT and not having flown commercially for 2 years... It was worth keeping the licence, ratings and medical current.
Granted most of the guys/gals I've encountered on assessment and subsequent Type Rating course were early to mid-20's... But there is still hope for us old'uns