Originally Posted by speedrestriction
Kashmachine,
As far as I know, if you do your type rating with Flybe you pay a chunk back each year for five years. It brings the basic salary down to £22k + a bit starting off.
SR
A bit off the mark. The company bonds you for 3 years, and there is no repayment made back to the company for your training - they pay for the TR in its entirety. It is currently funded through a personal loan with Barclays bank, which the company pays for (including interest) to the tune of around £450 a month. This is paid into your personal account along with your regular salary each month and then deducted 3 days later by Barclays.
The salary for current year 1 FO's is correct as per PPJN, but rumour has it that new joiners will be taking a £3K pay cut and having to accept a 3 year non-reducing bond, as opposed to the present arrangement of a 3 year reducing bond.