PPRuNe Forums - View Single Post - The CTC Wings (Cadets) Thread - Part 2.
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Old 28th Aug 2008, 15:58
  #2064 (permalink)  
PAJ
 
Join Date: Nov 2004
Location: With my head in a sandbox!
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When you reach a relevant stage of trianing Kerosine, CTC send out an airline handbook which details all the relevant figures. I also know a few guys out the other side of the course who can confirm the numbers. I don't have it detailed anywhere that cadets are paid more than £1000 per month for bond repayments. I would need to delve through my finances a bit but I am expecting to be making bond repayments of around £1100 per month, so I will have to find a small percentage out of my salary to cover the outstanding amount. I do stand to be corrected though.

TomH1408, the larger numbers you are reading about take into account interest. HSBC charge about 2.5% above variable BoE base interest rate for the privilege of the unsecured loan which over 7 years mounts up considerably.
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