Paying to play, a scheme which I do not endorse nor do I participate in.
As of late, available credit is drying up quite rapidly on the eastern side of the Atlantic too. With that being said, it’s going to be hard for newbies to borrow the 28,000 Euros for the jet type rating, let alone pay off current loans incurred with their flight training to date. Thus entry jobs for 240 hour pilots with Gulfstream, Ryanair, and Easyjet to name a few are going to be attainable to the children of the rich and famous.
Its not only going to be the pay to play guys that will have a direct affect on future salaries and T&Cs that will be offered in the coming months, but the addition of pilots being furloughed in the US and other pilots being put on the street due to airline failures world wide.
With the exception of CX, SAI, and EK, salaries and T&Cs have deteriorated over the past couple of years... and that's for current qualified crews too.
Oxford Aviation purchased PARC Aviation. This should prove to be interesting in the coming months since they also own SAS academy in Stockholm. It may prove lower salaries for the newbies while the cost of training will remain the same, if not increase. It will be interesting to observe these new dynamics.