They say, it's roughly 7 to 10 year cycle. So, the last big wave of employment opportunities was around 2006 - 2007. Can we expect the beginning of the next cycle in 2014 - 2015?
In the scheme of things, there aren't that many aircraft on order for airlines based in Australia. The 787's for qantas and jetstar are for fleet replacement, not expansion. Then you have all the crap going on at qantas which is slowing recruitment down at Jetstar as well, because of all the qf pilots on LWOP.
I can't see things picking up in the short term (next 3 years), especially with the amount of qf pilots on LWOP. Once the 787 arrives at qf (if it ever does) and the pilots on LWOP start returning and the old captains in their 60's at qantas start retiring, then things should hopefully pick up in the qantas group at least.