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Old 1st Mar 2020, 18:53
  #12 (permalink)  
portos8
 
Join Date: Nov 2006
Location: "Dark side of the moon"
Posts: 93
Originally Posted by zulucharlie View Post
I have applied down the intergrated path and I am having to wait 2 weeks for results.
The CV is likely to induce a strong recession, if not a depression depending on its severity. That makes today comparable to the same time in 2008, right before the global financial meltdown. Early 2008 everyone got hired, by the end of 2008 over 70 airlines worldwide had gone bankrupt.

Students that started the integrated training in early 2008 , having paid over 100k upfront, completed their CPL in 2009. It took till 2013 for the first jobs to appear that low hour pilots qualified for. By then the training completed in 2009 was useless, with the 100k investment lost.
Students that started the modular training in early 2008, having paid only for the PPL upfront, were able to stop their training after the PPL once it became clear that the market went belly up, continuing their day jobs (that they had never left in the first place), taking maximum time for their ATPL theory to be completed, and finishing their CPL/MEIR training at the first signs the market improved in 2013. Those guys did well.

If you are currently on the verge of parting with 100K+ for an integrated course, maybe it is wise to rethink your strategy. More than ever, spread your risk. There is currently too much uncertainty. Do not believe the glossy folders. During a recession, when dozens of airlines go bust and thousands of qualified, experienced pilots are on the hunt for a job, you will have zero chance as a 200 (or is it 150....) hour pilot. When companies are laying off their pilots during a recession they will not hire newbies, regardless of what great relationship they have with your flightschool.




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