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Is the hiring boom over?

Old 19th Apr 2020, 09:21
  #101 (permalink)  
 
Join Date: Oct 2004
Location: UK
Posts: 734
Yes, the boom is over for a while at least.
As the cyclical nature of aviation it will pick up. My back of fag packet prediction FWIW is about 3+ years.
If you are just out of training and young then just be nothing more than frustrated. It will pick up and if the airlines etc keep their relationship with the FTO's then you will get the assessment when the market picks up and any rated experience jet pilots are absorbed back in the system.
Its more worrying for pilots in the turbo-prop/different type of flying category who historically airlines were not overly interested in. For example, anyone here (like i was) in the mid late noughties with Tprop time trying to get a job with an airline over a new integrated student. It rarely happened and i believe this will be the case again.

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Old 19th Apr 2020, 13:11
  #102 (permalink)  
 
Join Date: Feb 2010
Location: Fleet, UK
Posts: 160
Originally Posted by jamestkirk View Post
If you are just out of training and young then just be nothing more than frustrated.
Perhaps a few that had rich family or inheritance to pay can feel this way, but I certainly would be feeling more than frustration if I had borrowed a large amount of money requiring repayment.

Serious question, how likely could this bankrupt an individual out of training with debts, if they do not get a job for 2 years?
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Old 19th Apr 2020, 14:07
  #103 (permalink)  
 
Join Date: Oct 2004
Location: UK
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Planes

Yes, sorry there is that. I had similar financial woes when looking for work.
its a harsh move to claim bankruptcy. Your scuppered for everything for five years. Someone could probably enter into an interest only Repayment on a loan as a less drastic move.
I did consider it at one point many years ago When I was out of training and no substantially paid work for years. I got a couple of CCJs but after five years they were gone and now have a clean credit rating.







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Old 19th Apr 2020, 20:16
  #104 (permalink)  
 
Join Date: Feb 2010
Location: Fleet, UK
Posts: 160
Originally Posted by jamestkirk View Post
Yes, sorry there is that. I had similar financial woes when looking for work.
its a harsh move to claim bankruptcy. Your scuppered for everything for five years. Someone could probably enter into an interest only Repayment on a loan as a less drastic move.
I did consider it at one point many years ago When I was out of training and no substantially paid work for years. I got a couple of CCJs but after five years they were gone and now have a clean credit rating.
Good insight! Thanks
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Old 25th Apr 2020, 19:45
  #105 (permalink)  
 
Join Date: Dec 2014
Location: Uk
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Yes, you might as well forget it for five years to be honest .
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Old 25th Apr 2020, 21:06
  #106 (permalink)  

de minimus non curat lex
 
Join Date: Feb 2001
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William Pitt the younger in 1806 :

“roll up the map of Europe, it will not be needed for 10 years”
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