Originally Posted by
hueyracer
Whats going on is that the industry has been spiraling downwards for years now, with profits getting lower and lower.
With shareholders not willing to give up on their plans of buying more condos in UAE and overseas, the companies had to cut expenses.
Cutting expenses when the client requires up-to-date aircrafts is only achieved by lowering salaries.
Lowering salaries is only possible by firing the "old, highly-experienced, highly-paid" pilots, and by hiring young pilots who will fly for food.
Thatīs whatīs happening.
She a buyers market at the moment.....