Grass strip basher
7th May 2010, 00:21
I haven't posted on this forum for a while now and whilst there are several posts out there promising of greener fields ahead I really felt compelled to write this thread as things again are looking soooo bad.
When I start the first "downturn is upon us" thread a little over 2 years ago I didn't have a crystal ball it was just a case of the obvious risks far outweighing the potential rewards..... in terms of both financial markets and airline pilot training..... folks we are back in that situation again now.
The austerity measures in Greece will arrive in the Uk over the next 6 months once the election is out of the way (although granted perhaps not as severe).... Spain, Ireland, Portugal all have their issues. I would happily take 2-3 years of flat lining GDP if it meant avoiding a Sovereign debt crisis in the Eurozone.... if that happens it would be a disaster for the aviation industry.... an absolute disaster.
Everything in the debt markets is feeling a little too much like 2008 (although granted with differences). If the cost of borrowing for governments goes up the cost of borrowing for everyone goes up. We are still up to our necks in s**t and holding your nose does not solve the problem.
I have to say I am just as worried now as I was 2 years ago... liquidity is drying up in credit markets again.
Unless you can do your training without getting into debt signing up to an integrated course is about as close to financial suicide now as I can think.
Good luck but I would seriously seriously take with a pinch of salt those folks saying airline recruitment is going to pick up again over the next 1-2 years. :=:sad:
When I start the first "downturn is upon us" thread a little over 2 years ago I didn't have a crystal ball it was just a case of the obvious risks far outweighing the potential rewards..... in terms of both financial markets and airline pilot training..... folks we are back in that situation again now.
The austerity measures in Greece will arrive in the Uk over the next 6 months once the election is out of the way (although granted perhaps not as severe).... Spain, Ireland, Portugal all have their issues. I would happily take 2-3 years of flat lining GDP if it meant avoiding a Sovereign debt crisis in the Eurozone.... if that happens it would be a disaster for the aviation industry.... an absolute disaster.
Everything in the debt markets is feeling a little too much like 2008 (although granted with differences). If the cost of borrowing for governments goes up the cost of borrowing for everyone goes up. We are still up to our necks in s**t and holding your nose does not solve the problem.
I have to say I am just as worried now as I was 2 years ago... liquidity is drying up in credit markets again.
Unless you can do your training without getting into debt signing up to an integrated course is about as close to financial suicide now as I can think.
Good luck but I would seriously seriously take with a pinch of salt those folks saying airline recruitment is going to pick up again over the next 1-2 years. :=:sad: