I sincerely hope there will eventually be more aircraft than pilots. As we all know there has always been an oversupply of pilots in Aus.
Early in 2008 there were signs that there was a shortage beginning to appear. It will be interesting to see what will happen when the world's economy gets back to normal. But don't forget when ever an airline goes broke - BANG - hundreds of pilots become available. For instance I hear you can't get a job in Japan anymore
From what I hear most pilots joined V - Aus knowing the T&C were sh!t but are hoping that with each EBA negotiation things will get better, citing a similar outcome at Virgin Blue.