Thanks guys, gosh, if i could have a pound for each of your good ideas i'd have, er, £11.
But seriously, (aventhusiast and rugbyears) the financial experience for me has been as follows:
Aug 05 - Nov 05 - PPL (£6)
Jan 06 - Apr 07 - ATPLs (£2k)
Apr 07 - Jun 07 - 80 hours of hours building in the US (£6k)
Jul 07 - Sep 07 - CPL (£5k)
Sep 07 - Oct 07 - Multi engine Rating, Seneca (£2k)
Oct 07 - Feb 08 - Multi-engine Instrument Rating, DA42 Twinstar (£9k)
Feb 08 - Mar 08 - Jet B737 MCC Course (£4k)
Total cost of courses = appx £34k
Fees to CAA = £4k
Food, accommodation (in London and San Diego), airfares (to US), visas (for US), train fares (Manchester/London), pre-interview sim brush-up courses (Dublin), sending printed CVs, catfood, pot noodles = £17k.
If I am to become even remotely employable with a jet operator...
Type rating plus line training = £32k
Food and accom = £3k
So, that's, er, £34k + £4k + £17k + £32k + £2k = £89,000 before interest.
Interest payable on above sums over 15 years = appx £40,000
TOTAL COST appx £129,000
AND>>>>>>
Total time spent not earning anything (a figure many people forget to factor in) = 30 months so far at let's say £2k/month = £60k.
Total implied cost of getting into a RHS of a jet = about £189,000.
Remaining years of useful employment (in my case) = 17 years. That means I have to earn a net yearly salary of £11,117 just to break even.
Sort of terrifying really. However, I'm an eternal optimist just like you!
