There are many players on this forum who are only taking the 2 year view on this new contract. In whatever form it takes, subject to ability, those successful applicants will be looking, in possibly a little over 5yrs at the LHS of a shiny airbus, based wherever they want in Europe (or the UK), on a healthy 6 figure salary for a secure airline. Note: The Captains deal has never changed - this is only a discussion about whether the first few years is perfect or not.....
Try taking the 5yr+ view on Monarch, FlyBe and Virgin.......best of luck!!!
(I know where I would feel more secure)