I also started a thread about this a few months ago....just too lazy to go find it now.
$$$$$$$....the lack thereof being without doubt the biggest reason for this slump. We (some of us) just do not have as much expendible income as we did a few years back.
I see it in my own business. Four years ago I employed 11 full time staff, doing residential builds and alterations. When the NCA came into effect, at first things were ok....then the credit crunch really hit hard. We would have another two or three projects lined up before we completed the build we were currently busy with and slowly things came down to one or two...then one....up to a point where we finished one build and had to wait a month or two before the next one. The overheads killed me...
I had to retrench (over time) over 75% of my workforce just to stay alive. Nowdays we run a very small Maintenance business and I can tell you its tough...real tough out there now. My main supplier has told me he has seen over 30% of his customers go belly up in the last 18 months!

I am just one example...there are MANY more. I am actually very grateful I've managed to hang around.
I dont think the cost of training is a problem. The running cost on a trainer trike (keep in mind the extra wear and tear on the airframe) is about R150 to R200 an hour dry. The schools are all charging around R500 to R650 an hour dual. So how much are they really making out of us? Hell everyone needs to somehow earn a living. I have however, having stood up for them here, recently been the "victim" of an unnamed CFI who really tried to rip me off!
These financial woes that most of us are facing have a very negative effect on us with regards to flying that is difficult to measure. I believe this is why the airfields and hangers are not as busy as they used to be....serious lack of motivation brought on by this financial depression.
Sad to see, but all we can do is hang on and try our best to keep the guys in the air and the "gees" alive. Things can surely not carry on like this forever?
