Looks like it could be worse that 1991:
http://news.bbc.co.uk/hi/english/bus...00/1540056.stm
http://news.bbc.co.uk/hi/english/bus...00/1544050.stm
As many have said - its too early to tell. However, this week is not the one in which to hand £55k to a flying school. Give it at least 3 months to see how things pan out.
Good luck,
WWW