Growing Evidence That The Upturn Is Upon Us
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Originally Posted by Rex
And I maintain if you are good enough and plan to be the best of the best you will make it. Even with cutbacks look at the amount of retirements there are going to be over the next 18-24 months.
With the state the industry is set to get itself into in the near future airlines are going to be relying on retirement and natural wastage to avoid having to make redundancies. I think a reality check is in order for some people here!
A $5 Trillion nationalisation is a once in a lifetime event that is perhaps most usefully viewed as a form of warning signal.
The USA just mortgaged two future generations without asking them. Post war economics might just be over.
WWW
The USA just mortgaged two future generations without asking them. Post war economics might just be over.
WWW
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All I am trying to say is that there is absolutely no point going through life relying on blind speculation and thinking the worst all the time.
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Topslide, whilst I appreciate the value of irony you weaken your argument by being silly. Without exception, both the Eyores and the Pollyannas in this thread agree that taking out loans at this point is a bad plan. In fact, I don't think anyone would agree with any part of your last four paragraphs, so what's the point of the post?
Well. Someone heeding my 'blind speculation' over a year ago would not this minute be preparing to graduate into the current situation.
So not all blind speculation is a waste of electrons, eh Rex?
Its 1990 with knobs on - go learn some airline sector history is my advice.
WWW
So not all blind speculation is a waste of electrons, eh Rex?
Its 1990 with knobs on - go learn some airline sector history is my advice.
WWW
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So calling someone an asshole is bang out of order but trying to completely ridicule & undermine someone, patronise them and dismiss them as "dillusional" and "brainwashed" for merely pointing out the FACT that the economy is not an exact science and its always a gamble to try and get into this industry is A-OK is it? Wow what a twisted set of morals on view here!
RexBanner, I feel you are deluding yourself. People on forums are free to post what they think, within reason obviously, but WWW has been fairly accurate thus far.
I don't recall him saying that exact things would happen to exact companies/people on exact days. You seem to know all of the answers, so come on, give us the benefit of your wisdom.
Or you could always wind your neck in.
I don't recall him saying that exact things would happen to exact companies/people on exact days. You seem to know all of the answers, so come on, give us the benefit of your wisdom.
Or you could always wind your neck in.
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I find today's UAL story quite interesting. To me, it demonstrates how jittery the markets are. One bit of inaccurate information (if the we are to believe the story about a regurgitated, 6 year old, bankruptcy article) and shares go into freefall. I'm also concerned about how the financial markets rely so much on unsubstantiated rumour; these guys are playing monopoly with real money and real lives.
PS. The last page of this thread has highlighted all that is bad about Internet forums.
PS. The last page of this thread has highlighted all that is bad about Internet forums.
Rex, if I could remind you of a conversation we were having on 11th Nov 2007 about the job market:
I said:
Self funded non sponsored training looks unappealing at this point.
You said:
You went on to say on the 13th at 10.54
My point made at 10.57 on the 13th Nov was:
Well, you think oil at $100 a barrel, a North American recession and 1.47 Euro to the Dollar isn't going to have a negative impact on the European airline industry, and I think it will.
I think the record shows I did call the situation correctly and you didn't. But this isn't a competition. Its just a bit rich to be called a sheep when in fact I was the boy repeatedly shouting Wolf!
WW
I said:
Self funded non sponsored training looks unappealing at this point.
You said:
Well yeah that may be true, but what do you expect people to do? Give up on their dreams of becoming pilots just because raising the money might be a little bit risky and difficult?
WWW I'm not sure quite why you're so negative towards the idea of taking out a loan. Have you been burnt in the past? To me, aviation will keep on growing unless there is a massive slump in the economy and, for all the problems at this current time that is unlikely to happen.
WWW I'm not sure quite why you're so negative towards the idea of taking out a loan. Have you been burnt in the past? To me, aviation will keep on growing unless there is a massive slump in the economy and, for all the problems at this current time that is unlikely to happen.
You went on to say on the 13th at 10.54
I beg to differ, the possibility of a recession is a RUMOUR! And it is also in the NEWS. So why then does that not constitute rumours and news exactly?
My point made at 10.57 on the 13th Nov was:
Well, you think oil at $100 a barrel, a North American recession and 1.47 Euro to the Dollar isn't going to have a negative impact on the European airline industry, and I think it will.
I think the record shows I did call the situation correctly and you didn't. But this isn't a competition. Its just a bit rich to be called a sheep when in fact I was the boy repeatedly shouting Wolf!
WW
I quite agree Rex and good luck to you. If you don't run out of money or determination I am sure you'll make it and I hope you do.
WWW
WWW
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IT IS ALWAYS A RISK CONDUCTING FLIGHT TRAINING. ALWAYS HAS BEEN ALWAYS WILL BE, REGARDLESS OF THE ECONOMIC OUTLOOK AT THE TIME. I have never said anything else and never will.
I have yet to meet young guys in their 20's with CPL IR ME who have tossed the towel and have left for another job. That happened temporarily to those who were unlucky to graduate just after 9/11 but even most of them have found their way to an airliner cockpit somehow by now.
If you have a fATPL and can keep it current, someday you'll get a job somewhere. No doubt about that.
How soon depends on what you have and what you do for it.
I think in the coming weeks and months there will be ample call for a thread like this one so I won't be closing it.
I look forward to the day when it truly doesn't need to exist.
WWW
I look forward to the day when it truly doesn't need to exist.
WWW
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Its those that are qualifying from training now that are hitting the problem, not those that are about to start. The next 6 months look rocky but you make your own luck in this game. Timing is everything and those that decide to start a training programme now, might just strike it lucky when they finish in 18 - 24 months or so. Things could be quite bouyant again by then.