PPRuNe Forums - View Single Post - The CTC Wings (Cadets) Thread - Part 2.
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Old 29th Nov 2007, 01:59
  #1099 (permalink)  
Polorutz
 
Join Date: Mar 2007
Location: Switzerland
Age: 39
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Funding: if you are succesful in and get into the Wings Scheme, HSBC will provide a loan that will cover ALL the training cost, if you need remedial training (IE: you mess up) you will have to pay for any extra hours by yourself.

HSBC loan is unsecured at a rate of aprox 2 and a half percent over the base rate APR, interest is calculated to 9 years and you pay it back in 7, 2 years after you start the training.

Most partner airlines pay most of the bond back to you (or directly to the back) so you end up paying the interest out of your salary, you could self finance the program and get the money back from the airline 2 years later but most cadets dont have that much money.

if you need any more information PM me.
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