Arnie, it's going to happen quicker than you think. Wasn't it the NAB that put its mortgage rates up last week? Above the Reserve bank increase? The long term finance rates are going to go way up, and quickly.
That is going to put cost pressures on everyone, including the outsourcers.
The folk that know how to "make do" and make and mend are going to be in demand because the debt finance is going to be too expensive.
Sending aircraft overseas for heavy maintenance where all they know is how to replace stuff instead of repair it is going to become rather expensive.