whats the possibility of the unfolding credit crunch crisis putting a brake on the demand for pilots in EU & USA ?
There was recent article on brokers trying to get rid of future orders for G-5s for a premium of less than $2m out of fear for expected drop in demand, normally they would have made as much as $12m for a early delievery slot.
Maxjet the all business airline op between STN-JFK has had its share trading frozen last week by LSE.
Reports of drop in christmas sales is a hint of things to come next summer, a good % of holiday sales were paid for by equity released from property. With the likes of EZY and FR increasing their fleet there could be a blood bath in the shorthaul routes and not to mention the much awaited open skies between EU-USA and its impact on Long haul.
Any idea on the number of rookies graduating out of schools in europe like Oxford, Cabair et al ?
only playing the devils advocate...........your take.