Blue Eagle,
U are absolutely correct. The pilots SQ will be looking at are mainly the ones not type-rated and will be willing to get a rating for low pay and be bonded for 5 years. The training practically doesn't cost SQ anything as it'll be done in-house and the 5-year bond is what SQ wants. However, don't be tricked into believing the contract will not be changed (for worse) midway, simply ask SQ pilots who happened to be employed during 2003.