Hong Kong is fast becoming a "graveyard" for unemployed pilots from around the globe whose state airlines have gone bankrupt ( Alitalia ) or independents that have failed ( Air Berlin and Monarch ).
Doubt many will be coming here. Lufthansa are in the market for Alitalia and Air Berlins and will probably take on most, if not all their pilots. And when the 400 Monarch pilots were let loose on the job market, there was a feeding frenzy. Jet 2, Virgin, easyJet, Aer Lingus, Emirates, NetJets, Titan, Wow and Parc all set up fast track recruitment for them. Three of my Monarch mates have already accepted jobs with easyJet - one as a direct entry TIRE. Even the RAF invited the ex military guys to get in touch. The pilot shortage is very real.
CX/KA are no longer the employers of choice. Morale is very low in both companies and if even 10% of the guys who say they will leave if their Ts and Cs are cut do actually go to other employers, they will spark a major crewing crisis.