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Old 11th Oct 2009, 09:10
  #22 (permalink)  
Wee Weasley Welshman
 
Join Date: Feb 2000
Location: England
Posts: 15,013
Received 206 Likes on 73 Posts
Fortunately I disagree with you.

The paid for £75k course and the paid for £33k type rating were the result of an unsustainable credit boom largely based on an unsustainable inflation of house prices. Its over. Its part collapsed with more collapsing to follow.

In time the ability of Wannabe to self fund 6 digit training costs will abate as credit is withdrawn. Very VERY few 20 or 30 year olds have access to £100,000 in cash. They may have access to it via personal or parental credit but that is NOT the same as access to it in cash.

As unemployment rises and the economic situation deteriorates airlines will not require new pilots so thankfully supply will meet demand. The flying schools will be the ones squeezed to death. So many fixed costs, such cut throat competition, dwindling demand - toxic.

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