For anyone still wondering what's going on, the latest issue of Pacific Wings has an editorial and article that pretty much spells it out.
It had to come to an end as far as I'm concerned, even before student loans came around the flying schools were pushing out about 10 times more pilots than there are jobs, the hour requirements for Eagle and Origin etc. have just been getting more and more ridiculous these last few years, it should never have been allowed to come to this in the first place.
It's just going to go back to the way it used to be : the vast majority of the massey and ardmore flying school muppets will end up working in pak'n'save, just like they were doing before student loans. The truly keen ones will find a way to get the money, will tough it out in GA for a few years and will eventually succeed, just like they've always done.
Hopefully, with the inevitable 60% or 80% drop in trainee pilots coming through the system, the hours required to crack into the airlines will go back to something a bit more believable over the next 2 or 3 years
