Well done foghorn, nicely put, but I do think the overseas pilot influx is slowing because of the extra costs of securing a JAR licence, and unless they have lots of turbo prop time, overseas pilots will always find it hard, partly due to the BMC precident.
Mark my words, big things are about to happen in the UK airline industry, with BMI at MAN (LHR?) and even more fun and games to occur in Scotland. Just pray the economy holds out, and Tony gets a second term, any change now will be bad, trust me.