Yep it's guys who train when the market is low that seem to come out the best. It takes balls though, especially if it's a secured loan. The overall problem with CTC is that they've piggybacked on the growth of Easyjet and now that has ground to a halt the game has changed. Only breaking into new markets will change things.
If I was one of the current holding pool cadets, I'd seriously consider going bankrupt if the debt is unsecured. Within one year the bankruptcy will be over and the debt millstone will be removed. Sure you'll not be able to get a mortgage for 6 years from declaring yourself bankrupt but 100k is a lot of debt to dump. By the end of the six years the market will have recovered, you'll have a flying job, cash in the bank and those fickle banks will be back for more.