PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 13th Sep 2008, 08:38
  #382 (permalink)  
Black Knat
 
Join Date: Aug 2005
Location: UK
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Pipertommy is absolutely right-if you can accept not much money coming in, do modular, become a flying instructor etc, have a good time doing it and in a few years time you will be in a good position when things pick up. The 'doom and gloom' currently experienced by the industry means few will do this.
One thing I don't think has been mentioned yet is that the banks/lenders are going to (already are) getting burned by the money they have lent to people to do flight training. When things do pick up I reckon that raising finance for flight training is going to be much, much harder which will cut off the supply to airlines of new qualifiers.
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