CAE/OAA Graduate Type Rating

[Adam.L]

Hi All,

I'm a wannabe pilot getting ever closer to the prospect of joining one of these two schools and following my dream. Whilst I keep going over the finance in my head, I'm still concerned about financing the type rating. So my question to any CTC/OAA graduates is how did you finance your type rating eg. loan, savings? And how common is it for an airline to pay for your type rating?

Thanks :)

[JeroenC]

I worked first and earned it. My collegues included it in the loan for the ab initio training, but the banks are a lot more reluctant nowadays to provide loans.
Q2: very uncommon, maybe some sponsorships, but I don't lnow where. Tip: search function.
Wouldn't it have been smarter to have this figured out before starting training? It's not that this must be new for you...

[FS34]

I believe the last flybe recruitment was a bonded type rating.

[ManWithoutSkin]

At an open day at OAA last year, BBVA said they provide unsecured loans for type ratings as they'd not see a risk of the loan not being paid back, because if you require a type rating it usually means that you've received a job offer.

[Adam.L]

Thanks for your clear answer Jeroen, straight to the point :). Do you know roughly how much to budget fro the TP? I've seen plenty of different prices on the internet including an CAE discounted one. And this is me being smart! I haven't started training yet, just planning ahead.

[P40Warhawk]

So plan ahead to not pay for your TR. And dont even come close to Pay To Fly Line Training ''jobs''.

[P40Warhawk]

Nope not most expensive. Now Easyjet costs 54K. With 3 yr contract.

[JeroenC]

TR prices vary greatly.
Eliminate those for a non-current type (unless it's a DC3😜).
Then eliminate those where you have to pay for LT.
Then eliminate those where the contract length or total pay is less then your investment.
Loads can be said about RYR but I earned back my TR investment in less than a year. Granted, purely looking at TR costs, not cost of living and, as said, no interest to pay.
At the moment going rate €29,5k for the TR (but I'm sureyou Googled that already)
Try all sponsership schemes first!!
Good luck with planning, this sector needs ppl able to do risk assessments, which starts BEFORE starting your training.

[QR1]

P42Warhawk, where did you hear the ezy TR costs £54,000 from cae ?! I know someone recently graduated from OAA and it was £38,000, still expensive i know but not £54k !

[Standby01]

An EZY TR course via CAE costs £38,000 if you have to pay VAT, £32,000 if not. Payment of VAT is dependant on base allocation, usually VAT exempt if UK based.

[P40Warhawk]

I am talking about 54K eu. I know from OAA graduate. He turned that deal down, because he found it way to expensive.

[QR1]

Can I ask if the person who turned that deal down has found a job ? Getting ezy after training at oaa is a dream come true for most of their grads who desperately scramble to grab anything they can get their hands on after graduating, with a large number waiting over 7 months for something to get offered, i find it extremely hard to believe someone actually said no to easyjet as it is what many would have aimed for with ryr being the other option.

[pakythepilot]

54k euro for an A320 type rating?!?!? Are you kidding right? Where does they get their rating? Inside a gold simulator with the Airbus official flight test engineer at least! Just insane!

[pakythepilot]

QR1 I can't still understand why people prefer to pay double for an integrated course which gives the same chances to get into Ryan as the modular does.

[dirk85]

Maybe you get to keep the simulator after the training, for that price... :}

[QR1]

Pakythepilot, make absolutely no mistake, I would not go self sponsored at oaa for many reasons. Though the one thing these big schools have over modular is the ability to get you an airline interview IF you're good. With modular, you're looking at months upon months of waiting to hear off ryr (if indeed you're even that lucky) and that's about it, or a "line training" programme.depending on your cash and levels of stupidity.

[P40Warhawk]

3 yr contract Easy Jet was offered for 54K eu to that friend of mine. I tell you, he is OAA Grad.

Another one was 35K eu for BMI E145 TR 1yr contract.

Why the hell do you have to pay 54K for an A320 TR? That is like 2,5 times more then what A320 usually costs.

[J74]

depending on your cash and levels of stupidity.
Understand the first, but not the second....

Better to put it down again for someone maybe out of this industry:
A320 and so it is for the B737, normal TR price around 12-14K Eur !!!! depends on the TRTO name! that's all.:}:}

[P40Warhawk]

I am talking about selling price including Base Training average is between 18-22K for TR+BT. Without BT around 12-16K.

And yes school also depends. Air Baltic I know does it for 9,9K.

[J74]

of course if you want the BT make sure to add another 5.5-6 K eur for 6 t&g!

Yes AIr Baltic, they do some offer like you wrote down , specially in summer time, but it's on the Classic Type, and yes for 1k you get the differences courses for the Ng version (1 hour Sim and a multiple choice)...but...not an exaustive training althought people there are nice and helpfull!

[QR1]

Buying a TR without any airline job lined up to get you sufficient hours on type is suicide in my opinion. As for the EZY tr, it is a 3 year contract starting at £38,000 and it is extremely unlikely you would not get it renewed after the 3 years (unless you do something very stupid). In most people's cases, it is simply throwing good money after bad, I mean after spending £90,000 + on an integrated and having no job, it would be very foolish to refuse one for another 38k and end up with absolutely nothing meaning you have more or lesss lost everything. I am saying what the situation is for many, whether I am happy with this situation is another story, do not shoot the messenger !