Mister I see why you don't want to apply for other jobs but like someone said it above, it ain't wise.
Personally I passed Britannia's selection in 1999 and had to wait until 2003 before staring.
That's 4 years ! And for most it took 2 years not to mention the guys who had passed BA's selection before 911.
For a few many of that lot, their selection was only valid for a period of time. End result, no job offer but a long wait instead before they found out.
Right now Tfly reckons they have enough FOs.... That could mean to you that until the next expansion is announced (after summer 06), you could remain in that pool.
Cost nothing to apply and pass other interviews. If still in the pool, take the job, build your experience and once Britannia gets back to you, pay off your bond and move across.
That way you have more hours and you will be nearer the FO scale (rather than SO). Nearer a command and more employable should you find yourself in the streets again.
Nothing wrong with waiting and enjoying the Spanish sun but perhaps if you haven't got been given a course by Nov-Dec and most courses are already filled for March, April, May you shoudl reconsider.
Cheers
PS: Ask MAX about holding pools
