This is the inevitable, well signposted and argued at the time, result of people self sponsoring >£100k training places.
Despite the credit crunch. In contrast to the recession. Regardless of the current contracts. CTC and Oxford have queues around the block.
The market is telling us something. The market is telling us that the price of First Officers has further to fall. Until that queue gets shorter this is what will happen. Dragging us all down with it.
The queue is not getting shorter. I thought it would. I really did. But I won't lie.
WWW