PPRuNe Forums - View Single Post - End of ATPL bank funding?
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Old 17th September 2008 | 12:08
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G SXTY

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From: Doon the watter, a million miles from the sandpit.
Anyway, back at the thread . . .

You'll have noted that Libor (the rate at which banks lend to each other) has gone silly over the last couple of days. When they are reluctant even to lend to each other, how do you think they'll view a 'business plan' to get £70k in debt to speculatively fund a commercial pilots licence? With no guaranteed job at the end of it and with a steady stream of airlines going bust?
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