There is a rapidly deepening pool of CTC cadets completing training.
Some will be tempted to escape their debts by means of personal bankruptcy. This will happen as soon as cadets cannot be placed with airlines that will pay a living wage post monthly loan repayments.
Once a few people go bankrupt (there isn't a judge in the insolvency court who would not allow it) and walk away from their HSBC loan then the whole question of funding will become a very red hot potato for HSBC.
These schemes were not designed to withstand a credit crunch and a massive airline recession. Be aware of the liabilities and scenarios attached to the promise of an airline career as marketed in the brochure.
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