Hi, I'm looking at starting my modular training fairly soon. At the moment I'm thinking of starting in January and I am preparing a budget.
My current situation is that I am 24 years old, I have A-levels in Maths Physics and Computing and a bachelor's degree and master's degree in economics (I've decided not to go into a business/finance job because of lack of enthusiasm). I have wanted to be an airline pilot for as long as i can remember.
This is my budget:
JAA Class 1 Medical £450
JAA PPL @ OFT £3700
Night Rating @ OFT £300
ATPL @ Bristol £1900
ATPL test fees £840
Hour Building @ OFT £4500
CPL (ME) @ OFT £3300
Accomodation @ OFT for Hours and CPL $800
IR + MCC @ UK flight school (not sure which one yet) £13500
Flights to USA £500
Accomodation in the UK @ Bristol and ATPL test centre £500
Total cost: £30290
I can self fund up until after my ATPL exams, after this I'm thinking of getting a personal loan to complete my training and then getting a temporary full time job to start meeting the loan repayments. I will then fight hard to get a position with an airline.
My parents have said they will loan me the money for type rating after an offer of employment from an airline.
Are there any costs above that I have not considered?
What do you think of my plan, or am I committing financial suicide?
Last edited by dom462; 6th Nov 2006 at 22:02.