If all present and overly exuberant plans go ahead there should be about four low cost airlines operating out of Singapore a year from now. Plus there will be Silk Air and competitave visits from other LCAs based in the likes of Bangkok, Jakarta and KL. Any pilot wishing to work for these organisations should realise that their job security will be close to zero. In the past 7 years we have had a couple of major financial downturns, SARS, a bird flu threat that hasnt run its course, an unpredictable cost of fuel and a rising terrorist problem that isnt going away soon. With that amount of LCAs, I predict that they will be forced to operate in a permanent climate of price war which will allow them to profit only when all is well. When we are again hit by just one of the above problems, AND WE WILL BE, the LCAs will no doubt be rapidly savaged into bankruptcy with the subsequent loss of jobs. Singapore and its surrounds cannot possibly sustain that amount of LCAs and just as has happened in the higher population areas of Europe and the USA, only very few of these airlines will continue to exist in Asia within a short amount of time. Thereafter the few survivors will constantly be threatened by these problems, seasonal ups and downs and wannabe new 'startups' whilst they operate close to the bread line.
By the time it all settles down and the lending banks have learnt their lessons, much money and many jobs are going to have gone the hard way, so be warned.