Growing Evidence That The Upturn Is Upon Us
JB007,
I think your referring to Kiss Flights, more info on that one here:
New Kiss boss Moss quashes Wyatt rumours - Travel Trade Gazette
Alot of FOs and Captains, for that mater, left TCX to join Zoom. When Zoom UK started the DFO was a senior TCX training captain.
TCX have been recruiting for next summer, between 30 to 50 FOs depending on the expected fleet size. However I think applications have now closed.
Guys, there is alot of uncertainty in the airlines at the moment as to how bad things are going to get, the media is full of negative stuff (just like this thread) but most airlines are showing bookings only slightly down. There are some basket case airlines, but there always was.
I think showing graphs like the Baltic index, house prices and oil just goes to show that we have seen an unsustainable bubble, we are now seeing an unsustainable trough. House prices will dip too low, oil and the Baltic index probably already have, they will all come back up. The economy of panic is not the real economy. The question is how long will it take.
Those in the financial services have been through a rough time, most have friends that have been made redundant or have been themselves, sentiment has been severely damaged. Its not surprising to see the key financial indicators reflect this.
I have no idea where things will end up, or how bad it will get. However I don't think it will get as bad as the indications show, just as it was never as good as the indications wanted it to be in 07/08.
I think your referring to Kiss Flights, more info on that one here:
New Kiss boss Moss quashes Wyatt rumours - Travel Trade Gazette
Alot of FOs and Captains, for that mater, left TCX to join Zoom. When Zoom UK started the DFO was a senior TCX training captain.
TCX have been recruiting for next summer, between 30 to 50 FOs depending on the expected fleet size. However I think applications have now closed.
Guys, there is alot of uncertainty in the airlines at the moment as to how bad things are going to get, the media is full of negative stuff (just like this thread) but most airlines are showing bookings only slightly down. There are some basket case airlines, but there always was.
I think showing graphs like the Baltic index, house prices and oil just goes to show that we have seen an unsustainable bubble, we are now seeing an unsustainable trough. House prices will dip too low, oil and the Baltic index probably already have, they will all come back up. The economy of panic is not the real economy. The question is how long will it take.
Those in the financial services have been through a rough time, most have friends that have been made redundant or have been themselves, sentiment has been severely damaged. Its not surprising to see the key financial indicators reflect this.
I have no idea where things will end up, or how bad it will get. However I don't think it will get as bad as the indications show, just as it was never as good as the indications wanted it to be in 07/08.
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Do you not think the TUI/Thompsonfly/First Choice pilots, whom the company are keen to see leave the company now that they are overcrewed, might not be ahead in queue for summer '09 recruitment? Their LPC/OPC won't have expired for a start.
TCX have been recruiting for next summer, between 30 to 50 FOs depending on the expected fleet size. However I think applications have now closed.
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Airflight69 and others aiming high
Take your time, get the experience and some real hours, take care to get trained to the right level to make your hour building really count. Beware the 3 year time limit for exams and IR because even if you get the IR in time to extend your exams to 7 years validity it may not be easy to get the hours etc for the full ATPL, Enjoy flying and learning - it is worthwhile, fun. exciting but can sometimes be converted to a repetitive procedural form of employment and you may not find this applies to you until you are in the RHS wishing you could do more than 30 deg bank and follow the checks and routines before the inevitable quick turnaraound whilst tired and maybe even stressed! The most fun in flying is not always in a big flying bus! Follow your dream but take care what you wish for.. I love my light aircraft flying, have never been ATPL but wanted to be for a long time. My FI work and private flying now provides the necessary fix... I love IMC and aeros too this is the most fun you can have without the huge investment with rewards that can only be estimated and not properly known until it might be too late?
PS My biggest love was aerial photography but there is not enough that I can get to do in the current climate for building/development.
PS My biggest love was aerial photography but there is not enough that I can get to do in the current climate for building/development.
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I have saved hard for three years to begin modular training part time. My target was to start that in 2009, but After everything that has unfolded over the last 12 months or so - will I stick to my plan? .....no fricken way - and I normally go about things on impulse, believing everthing will be fine.
My decision came about after some serious thought - and admitting to myself that I would be simply wasting my money, was very, very hard. After all, how dare a recession get in the way of my dream???
There will always be the odd low houred pilot getting through, and good luck to everyone - but im educated enough to work out that a market saturated with 2000 hr+ candidates is no place for a low hour wanabee.
WWW knows what he is talking about - I see the effects of this recession around me everyday, through my competitors and friends in the building trade, and it looks very uncertain. I believe his motives are only to help prevent younger wanabees making life difficult for themselves - he certainly confirmed points I was already concerned about.
However, good luck to all other wanabees - when it all boils down, we are only here for one reason. I will make the RHS one day - but its not the end of the world if I have to wait a bit longer!
My decision came about after some serious thought - and admitting to myself that I would be simply wasting my money, was very, very hard. After all, how dare a recession get in the way of my dream???
There will always be the odd low houred pilot getting through, and good luck to everyone - but im educated enough to work out that a market saturated with 2000 hr+ candidates is no place for a low hour wanabee.
WWW knows what he is talking about - I see the effects of this recession around me everyday, through my competitors and friends in the building trade, and it looks very uncertain. I believe his motives are only to help prevent younger wanabees making life difficult for themselves - he certainly confirmed points I was already concerned about.
However, good luck to all other wanabees - when it all boils down, we are only here for one reason. I will make the RHS one day - but its not the end of the world if I have to wait a bit longer!
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My god a wanabee that isn't blind to the realities of the world! 
Best decision you will probably ever make. But don't give up... there is a lot of fun to be had gliding/microlights/GA over the next 2-3 years till things start to turnaround.... some would even call that "proper flying".
Best decision you will probably ever make. But don't give up... there is a lot of fun to be had gliding/microlights/GA over the next 2-3 years till things start to turnaround.... some would even call that "proper flying".
My God, the SMMT have just released the car sales figures for Nov 08:
Makes Japans fall seem small. This sort of cliff fall wasn't seen in the last recession suggesting things will be sharper and deeper this time. The car industry just cannot cope with those sorts of falls. You'd need a quarter of car makers and dealerships to cease trading just to keep the others at break even.
That's not tens but hundreds of thousands of quality jobs lining up for the chop. Shattering.
--
Glazierflyer - good decision. Keep your powder dry for when the cycle turns to the upswing around 2011. Waiting is frustrating. Its wise though.
Don't anybody pin hopes on the interest rate cuts and government spending sorting this recession out. They tried it in Japan, repeatedly, for years, And It Didn't Work. It won't work here this time either.
Massive consolodation is on the cards, think Qantas/BA/Iberia/AA. The main driver is efficiency savings for which read needing fewer pilots to operate the same capacity. We will see a squeeze at the bottom where airlines go bust and release pilots and a squeeze at the top where airlines consolodate and either freeze recruitment or offer voluntary redundancy. Its all bad news for Wannabes and established pilots.
2009 will be a blood bath.
WWW
* New car registrations fell 36.8% in November to 100,333 units.
Makes Japans fall seem small. This sort of cliff fall wasn't seen in the last recession suggesting things will be sharper and deeper this time. The car industry just cannot cope with those sorts of falls. You'd need a quarter of car makers and dealerships to cease trading just to keep the others at break even.
That's not tens but hundreds of thousands of quality jobs lining up for the chop. Shattering.
--
Glazierflyer - good decision. Keep your powder dry for when the cycle turns to the upswing around 2011. Waiting is frustrating. Its wise though.
Don't anybody pin hopes on the interest rate cuts and government spending sorting this recession out. They tried it in Japan, repeatedly, for years, And It Didn't Work. It won't work here this time either.
Massive consolodation is on the cards, think Qantas/BA/Iberia/AA. The main driver is efficiency savings for which read needing fewer pilots to operate the same capacity. We will see a squeeze at the bottom where airlines go bust and release pilots and a squeeze at the top where airlines consolodate and either freeze recruitment or offer voluntary redundancy. Its all bad news for Wannabes and established pilots.
2009 will be a blood bath.
WWW
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Crude steady near four-year low
Oil prices have been steady at almost four-year lows below $44 a barrel as demand continues to be hit by the slowing global economy.
PPRuNe Secret Agent!
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My God, the SMMT have just released the car sales figures for Nov 08:
Just another number
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Shipping dry charter rates have always been an indication of commercial activity. The lower the rates the less international trade.
Baltic Exchange Dry Index (BDI) & Freight Rates
Makes worrying reading. It is not only the wannabes who should be concerned. Take note of WWW!
Dave
Baltic Exchange Dry Index (BDI) & Freight Rates
Makes worrying reading. It is not only the wannabes who should be concerned. Take note of WWW!
Dave
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http://www.bbc.co.uk/blogs/thereport...capitalism.pdf
Should be a good read. He tells us how we got here, readers of this thread probably already know.
It's his words in the final paragraphs that we need to deal with. The fact is, unaccountable bureaucrats have been working very hard. New legislation has been written, re-written, to be wrapped up into an EU directive and sanctioned by our own local council (sorry, Government). BASEL II. find one elected politician that knows what this is. It is an accord written by bankers, for bankers, to benefit bankers, and passed into law. That's what happened with BASEL I. And because no one knew what it really meant, no one could effectively enforce the rules. These accords stipulate how the banking system should work, what reserves banks should hold AND what type of reserve or instrument is acceptable.
Google BASEL II and ask your MP what he or she knows about it, after all they will be voting for it sometime in the future.
Ta
Should be a good read. He tells us how we got here, readers of this thread probably already know.
It's his words in the final paragraphs that we need to deal with. The fact is, unaccountable bureaucrats have been working very hard. New legislation has been written, re-written, to be wrapped up into an EU directive and sanctioned by our own local council (sorry, Government). BASEL II. find one elected politician that knows what this is. It is an accord written by bankers, for bankers, to benefit bankers, and passed into law. That's what happened with BASEL I. And because no one knew what it really meant, no one could effectively enforce the rules. These accords stipulate how the banking system should work, what reserves banks should hold AND what type of reserve or instrument is acceptable.
Google BASEL II and ask your MP what he or she knows about it, after all they will be voting for it sometime in the future.
Ta
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I know more than enough about Basle 2... it has only been gradually phased in over the past 1-2 years and whilst it didn't help it is not the cause.... the cause is just too much debt that has built up over years that people are now struggling to repay.
Basle 2 is just a small (very small) part of the puzzle... it is not all the fault of the "evil banks"... try everyone who borrowed and defaulted on a debt.... greed wasn't just bankers.... all the buy-to-let investors... anyone who bought a car and funded it wuth debt... everyone who got 80k in debt funding an ATPL and then didn't pay it back..... Basle 2 is irrelevent in the big picture as the debt mountain was largely built before it was introduced
Blame greed in its many different forms.
Basle 2 is just a small (very small) part of the puzzle... it is not all the fault of the "evil banks"... try everyone who borrowed and defaulted on a debt.... greed wasn't just bankers.... all the buy-to-let investors... anyone who bought a car and funded it wuth debt... everyone who got 80k in debt funding an ATPL and then didn't pay it back..... Basle 2 is irrelevent in the big picture as the debt mountain was largely built before it was introduced
Blame greed in its many different forms.
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Hurrendous volume's of debt being built up by people who could never pay it back is a major contributor to this situation, we all know that. Your guy's are all right...no one made them take the debt on, they're all adults and they should have known better. But if I may play devil's advocate for a minute.....since Gordon Brown got his hands on the UK economy in 1997 he has raised and introduced over 100 new taxes which has had a big impact on people, especially lower income families. i.e the people who are now in mountains of debt that cannot be paid back. The vast majority of the borrowed money has been spent on material stuff such as fancy holidays, plasma TV's, new cars other luxuries that people really couldnt afford in the first place. But rather than the banks and credit card companies being responsible in their lending they took advantage of people's situation and rammed store cards and cheap loans down our throats. Is it really any wonder that we're in this situation.
Guys/Girls I really don't mean this to come across as if I'm getting up on a political soap box, I'M HONESTLY NOT! I just think that there is a reason for people splashing out and getting into this situation. I see so so much in the media and on here about people spending too much that's the reason we're in this mess.....but has anyone stopped an thought, what made people go out and splash out on a few luxuries in the first place????Perhaps because they were fed up of being taxed to death???
Food for thought! As said above this really isnt an invitation for a debate on political views and before someone shoots me down just think about the last time you were pissed off, thought f**k it and went and splashed out on something you couldnt really afford but your mastercard could.....
FS (now with a tin hat on)
Guys/Girls I really don't mean this to come across as if I'm getting up on a political soap box, I'M HONESTLY NOT! I just think that there is a reason for people splashing out and getting into this situation. I see so so much in the media and on here about people spending too much that's the reason we're in this mess.....but has anyone stopped an thought, what made people go out and splash out on a few luxuries in the first place????Perhaps because they were fed up of being taxed to death???
Food for thought! As said above this really isnt an invitation for a debate on political views and before someone shoots me down just think about the last time you were pissed off, thought f**k it and went and splashed out on something you couldnt really afford but your mastercard could.....
FS (now with a tin hat on)
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The airline industry will suffer a $2.5bn net loss next year despite the big fall in the oil price, as carriers are overtaken by falling demand for air travel amid the deepening recession in several leading economies.
“The outlook is bleak. The chronic industry crisis will continue into 2009. We face the worst revenue environment in 50 years,” Giovanni Bisignani, director general of the International Air Transport Association (Iata), said on Tuesday.
“The outlook is bleak. The chronic industry crisis will continue into 2009. We face the worst revenue environment in 50 years,” Giovanni Bisignani, director general of the International Air Transport Association (Iata), said on Tuesday.
As someone once said, the oil price is a sideshow..
Worst in 50 years is a bit scary.
WWW
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The predicted sharp drop in customers for the Low Costs didn't happen in November.
In fact numbers are up, again:
Ryanair November Traffic up by 11%, load factor up 1% Ryanair.com
Easyjet November Traffic up 3.4%, load factor up 3.1% Easyjet.com
Neither airline is an IATA member.
In fact numbers are up, again:
Ryanair November Traffic up by 11%, load factor up 1% Ryanair.com
Easyjet November Traffic up 3.4%, load factor up 3.1% Easyjet.com
Neither airline is an IATA member.