Any body who is thinking about taking a loan to fund the City Jet FTE scheme needs their head read I reckon. City jet take home pay, basic and flight amounts to 4000euro per month. At current exchange rates that is:
£2798, which after tax comes to:
£2040.
Accommodation in london will set you back AT LEAST £550 per month including bills and council tax, so if the loan repayments come to £900 per month, that leaves you with
£590 per month spending money.
You will need to use the DLR to get to City Airport, this will cost at least £60 per month for a travel card, leaving you with the grand total of £530 per month, or £133 per week to spend on food, beer, haircuts, etc in the world's most expensive city, and thats a conservative estimate, based on the cheapest accommodation and travelcard.
In reality you could easily have less than £100 per week, or £14.70 per day spending money.
And this will be 25% less in the first year leaving you with £10.70 per day to spend on food and other essentials.
You'll be barely able to survive on that, take it from me!