ac100
I don't think that encouraging young (or old for that matter) aspiring flight deck crew to tell airlines that ask them to pay for interview where to go and to sit it out is going to help them very much. I agree that it is a greedy way of making money but if it needs to be done, do it I say.
If you sit it out, say what, another year (market's picking up alright, but not that quickly) and then apply to some airline - one of the main things they'll ask is, well what have you done for the past year. And what you've done is not apply to an airline for the sake of a few quid and possibly missed out on a job. I'm not saying that paying for an interview will get you the job, you have to do that in the interview - but not paying for it will gaurantee that you don't get the job. It's a risk to take. If you want a job, take it.
And anyway - wasn't the original question of this post referring to Malgus?