I reckon it's probably a bit of both apache. Times are unusual. Pax numbers and revenues are down (although not unexpected for this time of year). Total company debt is a whopping $1mil! Hardly cause for concern there. The agenda has always been to keep a lid on T&C's, even in good times. It's a well known fact that REX have reacted poorly to the pilot shortage. We now have a surplus of pilots, but are still cancelling services due to a lack of crew! It ain't rocket science, but they have already sounded load and clear their opposition to any form of retention. Ergo, too many F/O's, not enough Captains.
So I think the little fella from Singapore may just be on the level when he says people will go. Their excuse of course is always due to circumstances outside their control. The fact that they have over-recruited the wrong pilots won't even rate a mention. If by chance the elimination of a few will quell the dissent amongst the rest, then all the better! sort of like what the French generals did in WW1!
Last edited by KRUSTY 34; 17th Jan 2009 at 04:32.