Cathay/FTA cadet scheme puts Rex/QF to shame...
As I understand it, the deal is available "ab initio" as follows:
- CPL training
- ME-CIR training
- Grade 3 Instructor Rating, followed by a period of employment in this role
- Grade 2 Instructor Rating, at which point a Cathay Seniority Number is issued
- Employment as a Grade 2 instructor for an agreed period
- Full time permanent employment with Cathay
Total cost? Cadet pays only 30-35K, approximately 20%, with the other 80% of the cost "subsidised by Cathay".
Has there been a better deal since the days of the original QF scheme? If the above is true, maybe there is a catch? Do they actually pay you while you're instructing for them?
Given the above, why would any prospective "wannabee" consider the following:
- QF cadetship at well over 100K
- Rex cadetship at around 30-40K with a return of service requirement
- QF Link cadetship at either 10K or zero cost, with a return of service requirement but probably very little likelihood of Mainline or Jetstar progression
I would say the only reason for NOT putting the Cathay scheme at number 1 would be an absolute determination NOT to leave Australia.
Given the number and scope of cadet schemes now on offer, I suspect "traditional" self-funded training which is not aligned to any airline will very quickly become a thing of the past. Why would anyone consider spending 60-70K plus with no guarantees when there are so many cadet schemes available?
Interesting times indeed...