Bearcat,
In answer to your question, BA have, historically, wiped the recruitment slate clean and started afresh with each new 'wave'.
Ask the guys who were swimming in the pool when the first dip of this never ending recession kicked in!
BA emptied the pool and then invited all those who were swimming to re-apply.
I don't see any reason for it to be any different for the FPP program but, as the FTO's have a finger in the pie, it may be different this time.