Had even 50 % of KPMG's prediction for Pilots had come true then we would have had another pilot shortage by now .
But this report was in Dec 2007 .
Then came the Global Financial Crisis followed by a recession in Europe
Oil consistently at or above 100$/bl does not help . What made it worse was service tax and huge airport airport charges .
Some airlines that existed when this report was written but no more
Air Deccan
Kingfisher
Paramount
MDLR