Do you know anything about our industry. Countless numbers of operators are asking for bonding agreements for your type-rating which is the same thing as the 12000 loan to logan. In fact it is much like paying for your own rating which although is slagged off is actually not a bad way to go so long as you get type-experience with it.
Once completed you get it all back in salary anyway. Most people are delighted when they get offered their first job and I say take it instead of sitting around hoping for more offers. You know how hard this industry is to crack into!!!!!!!!
What a load of b*&&)C£s! You get it all back in salary? My arse! So if you pay for a rating at £20000 and you get a salary of £20000, you have got your money back have you? Of course not, you have worked for free for the first year plus you pay back the interest for the next few months/year. The fact that some of the airlines are asking for the cash before they will give you a job does not make it right. What it does do is encourage those out there desperate to be a pilot at any cost ruin it for the rest of the industry! It is sad that the management of these airlines have spotted the fact that for the vaste majority this career is a vocation and not a job. That there are people who will happily support them and pay to work, is why it is so hard to find that first job! So consider what the T's and C's are before jumping in with both feet or a few months later you will find yourself wishing you'd given it a little more thought!
You can imagine the thoughts going through the bank managers head as some young lad/girl sits in front of them and tries to convnce them it is a good deal to lend someone some cash to get a job!
Anyway rant over, if you want to pay for a rating be my guest, if you want to buy a job, have a go but don't try and tell me that I or anyone else should be gratefull for being offered a job providing they are happy to pay for it!
