Originally Posted by
alexeyAP
Hello again,
I understand that the cost will probably vary by mileage and I also assume that the more you dish out to a flight school the higher the quality (perhaps of the education but I'm more referring to employment opportunities) so I will definitely look around before I start anywhere. Naturally there are going to be the "hidden" costs which I will definitely keep an eye out for
I've heard that hour building is a little cheaper in the States, do you know whether this happens to be the case? I would imagine that the 1k you fork over to Delta for the flight there and back (ironic isn't it!) and any bureaucratic stuff like visas would probably offset any financial benefit it may hold but as always I will dig deeper into it. Thanks again
It’s not really been mentioned but are you also aware you may need 25/30K for a type rating when you finish training?
More and more places are bonding which is good but a Ryanair, for example, will expect you to write them a cheque for £25K to start the training with them.
Do please consider the advice of others, you really can be sat in the RHS of a jet by 25 latest if you go after it.
You said that you’d be taking home £40K in your plan and saving £20K of it. Afraid not, you’re going to be living at home and eating beans and rice for lunch, rice and beans for dinner. Spend more than £5K a year and you’re doing something wrong. Work 50 hours a week and you can save an absolute fortune if you absolutely insist on not having any debt.
Debt isn’t as cheap as it was with interest rates rising but if a £20K personal loan gets you working a year earlier then just take the loan and pay it back at the same rate you’d have been saving. Difference is you’re paying it back from an Airbus cockpit rather than selling insurance. Worst case you don’t get a job and just continue to pay it back, whilst living it home, spending nothing. You wouldn’t turn down a mortgage on principle and just rent for your entire life, this isn’t
that different.