PPRuNe Forums - View Single Post - The CTC Wings (Cadets) Thread - Part 2.
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Old 21st Oct 2007, 18:49
  #991 (permalink)  
EZYramper
 
Join Date: May 2007
Location: UK
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What do you want to know exactly Ryan?

You pay £60,000 for the bond. When you join an airline they repay this in £1000 a month tax free instalments for 7 years.

You can finance the bond however you like, most cadets get a loan specifically catered to the scheme provided by HSBC with an interest rate of 2.75% above the bank of England base rate for borrowing.

Which currently means at 8.8%, £60,000 over 9 years works out at just under £90,000 paid back to HSBC
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