This report is factual except for the fact that most expat pilots man the B 777 & A 330 widebody fleets, though they are also on the B 737 & ATRs. In fact 35 more expats are being retrenched from Jan 09.
Besides the recession, increase in fuel prices (now back at US53$ a barrel) and an over ambitious expansion plan, bad management policies are responsible for its present state. Will take time to go from doom to boom again!
Aeronotix.