F,D&H
From a selfish point of view there are a substantial number of pilots who came late to the profession, and spent their life savings to get there. The extra five years could make a huge difference to that group.
The problem with this is that it won't... This "group" will get their promotions e.g. to Captain, by retirements. If you delay all the retirements by X years, they are no better off. Increasing the retirement age just puts a temporary ban on recruitment effectively until the retirements start again.
However, for the UK and European airlines, this argument is getting pointless. For ages, BA and elsewhere, the CRA is endlessly debated between the seniors (want to stay on) and juniors (who want to seniors to go), is ~50:50, and everyone seems to hold a strong viewpoint.
With the 2006 legislation - forget it. Its the law, we all have to comply, and we should stop slagging each other off. Quite how the Licensing Age limits are dealt with is another matter - but its not going to be pilots who decide it...
Just all IMHO... NoD