Just looking through various flight school web sights and having read OAA's it seems they guarantee upto £60,000 pay back if you arent upto the mark. Has anybody got the truth about this, or know how it works. As it reads that's one hell of a security blanket + if you need extra hours or more retakes that's covered too, surely not? Im researching for a friend and wondered if any realism could be put to these claims
Bealzebub
20th Nov 2013, 16:14
It will likely depend on why "you are not up to the mark."
These are performance related clauses to the contract. If through no fault of your own, it becomes apparent that you are not likely to succeed as you cannot maintain a reasonable standard of progress, then the performance "guarantee" provides for, and sets a limit on the financial compensation if the contract has to be terminated. Clearly the FTO would expect their selection procedures to mitigate this risk as it applies both to themselves and to their clients.
Whilst the "guarantee" provides a level of underwritten risk support, it is dependent on the reasons for the failure. If the candidate wilfully fails to engage in the requirements of the programme or fails to apply the required effort then it is unlikely to provide a blanket level of protection. As with all contracts it would be wise to read the detail.