BMIBaby have made pilots redundant this month and Singapore Airlines has announced plans to send 17% of its fleet to the desert (they have aprox 2,200 pilots).
Its coming at the UK like a freight train - we will see the collapse of UK airlines and EU wide there will be dozens that will go under in the next 18 months.
This is a therefore a terrible terrible time to be a job hunting wannabe pilot. No two ways about it. I can't advocate anybody at any stage of life contemplating any training path to Wannabeism right now. This is not a dip, nor a slow down nor a plain boring old recession. This is either a severe recession or a depression. The breakneck expansion bubble of the airline industry that started in over a decade ago is going to come to a shuddering halt and then reverse.
I'm buying Gold in a Swiss vault. Its conceivably that bad.
WWW