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The Recession

Old 24th Oct 2008, 21:21
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The Recession

Does anyone know how the Asian airline market will handle this economic downturn? I know it's a broad question and I realize the smaller LCC's will have difficulties, but in general, are the larger airlines in China, Vietnam, Japan and Korea able to weather this recession? Thanks for any insight.

f9brian
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Old 25th Oct 2008, 06:20
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What recession?
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Old 25th Oct 2008, 11:22
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Perhaps, someone should explain to this man from China the 2 meanings of this English word; one is a definition in economics and the other is a literal meaning.
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Old 25th Oct 2008, 16:24
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Perhaps, someone should explain to this man from China the 2 meanings of this English word; one is a definition in economics and the other is a literal meaning.
I know what recession is, buddy. It's something that's happening in your part of the world due to economic greed. It aint happening here. And with that sort of arrogant attitude, you wont last more than 2 seconds here in China so best stay where you are.
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Old 25th Oct 2008, 17:13
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Uuuh, the only one who is showing an arrogant attitude is you, knee how.

The problem which arises right now concerns every country and I am sure it won't make a big avoidance turn around your place, mate. Sooner or later every expanding country will have to face some limits - especially when it will be set by the stock market. Maybe this is the lesson we have already learned coming from countries who try to keep a certain standard which we built up before, a situation which will take place in your future - but it WILL take place. Momentarily you might be quite happy with your expanding economy, but remember who brought it to your country and from whom all of your experts did copy the originals.
So, just lay back and relax, and be advised: you will be surprised one day. You better don't shout like a lion when you are just a little kitten.

So, is anybody around here who is willing to do a little smalltalk about topic??
For the major Vietnam Airline I am quite sure there is a kind of buffer zone due to government support. But it won't last forever. What about other Asian airlines? India seems to face some problems...
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Old 25th Oct 2008, 20:43
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Hi guys,

no matter where you are airlines are goin to be a roller coaster ride anytime soon. many major airlines are freezing headcount with many piloting intakes being KIV. Cadetship has been affected as well as i have heard from many colleagues that training will be slowed down and even stop if the economy goes down. On the other hand, the LCC market have seen a sudden boast of travellers due to the paradigm shift occuring in the price ticketing world. guess it would now be great to just sit tight and enjoy the ride....

Hongkong and Macao have been seen being affected as well, thus China as a whole will feel the impact as well. As for aviation industry from knee how, China aviation market (domestic) might not be fully affected as they are not really as deregulated as other nations are therefore, aviation employees might be in a buffer zone at the safer side compared to us. Since the start after SARS, Airlines whom are registered in China has more demand then supply... therfore perhaps thats the reason why knee how dont feel the heat yet.

I would like to comment that unecessary arugment will not help, rather hope people can help fellow pilots survive and get job placement during such difficult times.

airlines staff worldwide i suppose are in a 'what to do' state i guess.. for me rosters have slowed down and signs are simply showing up....

good luck!

Great way to fly!
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Old 26th Oct 2008, 00:04
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Watch out guys,

In the long run, CHINA will WIN!!!
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Old 26th Oct 2008, 03:06
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Perhaps, someone should explain to this man from China the 2 meanings of this English word; one is a definition in economics and the other is a literal meaning.

Oooooohhh petty petty...

Bet you do not know who Uncle Dandie Fenandie is !
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Old 26th Oct 2008, 03:29
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asia's "the" place to be
f$@% the rest
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Old 26th Oct 2008, 05:43
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Seriously?? What has this forum come to? I haven't seen such petty bickering since I was in grade school. If you are what is considered "professional pilots" in Asia it makes me sick and scared.

"Asia is the place to be! F@$k the rest" Get back to flying your Cessna and maybe you will break 100 hours sometime this year. If you are a "Airline pilot" god help whoever has to spend time in the pit with you.

Grow up.

Someone please lock this thread.
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Old 26th Oct 2008, 06:04
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What the recession will mean for Asia? Well, a flood of US pilots coming here increasing the supply and consequently lowering the demand. This can only mean one thing for terms and conditions for the future. It's economics 101.

Someone please lock this thread.
And you're learning fast. Yes, censorship and lack of freedom of expression are some of the things you'll need to get used to in this part of the world. You'll fit right in. Welcome to Asia!
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Old 26th Oct 2008, 06:41
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It all doesn't make any sense.
This shouldn't be the place to show desperate pride or fighting all the others. It shouldn't be black against white or USA against Asia. The whole game will only work out well when we are sticking together, at least on the basis of our work. And once you look beyond the borders of your country you will realize that things become quite the same everywhere. Just calm down.

There has always been a flow of pilots from places with less demand to places with higher demand. And these places change. Take a look to Thailand: They were quite happy with taking all the expat pilots to help them growing their airline industry. And once they had enough locals, all of the expats were sent home. Not very nice, but that's the game. For a time expats can earn a very good money - but you are the first one to go. It seems to be similar with other countries: There is a lack of local pilots, for example Korea (and I won't value this fact right here) and expats are paid quite well.
So don't blame the drowning economy of the western part of the world for the situation of the pilots' job market in Asia.
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Old 26th Oct 2008, 07:03
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What does the recession mean for Asian carriers?

1)Temporary end to the pilot shortage.
2)Loss of expat jobs – already many carriers are either not renewing existing contracts or curtailing existing ones.
3)Loss of local jobs.
4)Quite severe cut backs in ‘rewards’.
5)Cut back in route/frequencies.
6)No or limited expansion.
7)Deferred aircraft deliveries.
8)Severe cut backs in training budgets.

..and the above have already occurred in many countries with worse to come I fear..
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Old 26th Oct 2008, 12:47
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Thailand

Here in Thailand we copped a double wammie.

The world wide recession plus the political promblems.

Thailand aviation is suffering most in Asia.

Expats, (like me), fighting to get paid.

Lot stems from very bad planning from unprofessional upper management.

Thailand, the land of broken promises right now.

And yes, they need us but don't want us.
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Old 27th Oct 2008, 06:41
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China

Here's a link to a yahoo piece regarding China's slowdown.

China Tries to Steer Clear of Slowdown: Financial News - Yahoo! Finance
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Old 12th Nov 2008, 05:51
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Originally Posted by ozthai
Expats, (like me), fighting to get paid.

Lot stems from very bad planning from unprofessional upper management.

Thailand, the land of broken promises right now.

And yes, they need us but don't want us.
Mate, how did you get a job in Thailand with just a PPL?
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Old 12th Nov 2008, 11:37
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Here is fairly ominous news:

FT.com - China Eastern axes flights as bookings fall
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Old 12th Nov 2008, 22:18
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yes the recession will provide a temporary end to pilot shortage, ATC shortage (limited effect), maintenance engineers shortage as companies will reduce recruitment.

These shortages will also stop temorarily as those losing jobs in US, Europe come to asia and look for work.
 
Old 18th Nov 2008, 07:06
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what about Middle East?

cheers
Doc
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Old 18th Nov 2008, 07:24
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No Greed In China ?

Hi Knee How,

Are you honestly saying that there is no greed in China?

If the process of watering down milk and adding a dangerous chemical to raise the protein levels to pass the government QA testing to sell twice as much of a product is not greedy then I am confused? I wont even mention the sickness and deaths caused from it (often to little kids!)

Keep the racism out of it. This is just a discussion on how the world I repeat world economic downturn will affect the aviation industry.
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