Originally Posted by WWW
spending power will not return to 2007 levels for at least a decade.
I don't think we want the spending power of 2007 levels ever again, not unless it's backed by hard cash and I can't ever see the average wage reaching sufficient levels to enable that to happen.
I also think we are witnessing the beginning of the end of the 70K loan for flight trainning and the many of the wannabees in the system or those about to join it, in time are going be yet more casualties of the 'credit crunch'.
I can't see banks being willing to make wreckless loans of this magnitude for a very long time once they start seeing the dozens, maybe even hundreds of defaults that will inevitably start to occur over the next few years.
If the boom when it happens turns out to be as big as some are predicting, this may well leave a gap in the market....enter airline sponsorship in the shape of the MPL.