The good example of where it is all going is an abundance of VQ/VP (Bermuda) registered aircraft in Europe. Unties the hands of employers in terms of sourcing the workforce.
Spot on, think of commercial shipping and flags of convenience...
There is or was an inter country licensing agreement between NZ and Aus which allowed either licensed pilot to fly the others aircraft
One can but hope for Qantas, Jetconnect and other pilots , the pilot union is burning the midnight oil! Very Oldmeadow