The point is, its a start.
Watch what happens from this point onwards. RYR dont have enough pilots. BA are due to lose loads due to retirement over the next few years (timeframe tba).
Lets not forget one fact: the airlines are about to start fleet renewal, something that is essential for their business models bearing in mind the price of oil.
Did you know Boeing/Airbus offer up a certain number of TRs as part of the package when purchasing an aircraft? Do you know how many A380/A330/787 are coming onstream for the airlines in the next 5-6 years? Its lots. With manufacturers including TRs in the contract, it doesnt cost Virgin/BA/Lufthansa etc a penny to get non-tr but experienced chaps through the door.
Mark my words, Multi engine FRI by 2016. So short sighted its untrue. Question is, who is going to stay on with them about to rape our pension? I would personally prefer to temporarily emmigrate to the ME on good coin than get rammed up the @rse by an ungrateful nation.