Hi D7,
I am a new captain and also had similar concerns before and during my training.
I would try to think of all the things that could go wrong on the aircraft I fly.
Quite often I had flying friends and colleagues stumped with my impossible scenarios, but that’s really what they were.
Since passing the course and thoroughly enjoying it, I have had a number of interesting events, fumes in the cockpit, a number of gear indication problems and one genuine nose gear stuck in the retracted position.
The first thing I like to do in these situations is really nothing at all.
Ensure who ever is flying the aircraft continues to do so, memory items if required and a quick mental check on our fuel and hence time available, and then, and only then look at what we have. The speed at which this all happens depends on the problem of course but I was taught by a friend never to rush, think and move quickly but don’t rush.
I really enjoy being in the left hand seat now, it is a challenge but it is also very rewarding to deal with the problems that arise, and to learn from them so the next time you can do it better.
You will make the decisions based on the information you have at the time, use your crew (part of mine often have vastly more flying experience than I do!) and they have a wealth of knowledge, use it wisely.
Generate options, select the best fit and always re assess once you action it. Things change and the original plan may need a tweak, or other, better options may present themselves if you are actively looking for them.
Regarding the nose gear incident, it was my FO who had seen it before and had the solution. Sure, the checklist would have got the gear down had it been followed to completion but it would have resulted in a long and costly re fit once on the ground.
One particular captain I had the pleasure to fly with was just fantastic. He worked hard to create a relaxed but professional cockpit that was a pleasure to work in. I always felt I could ask questions, put forward ideas and that my opinion was valued. I think that encourages the guys to speak up and put things forward. I'm confident it won’t be the last time a good FO helps me out and though I am far from perfect I do try and emulate flying with that captain. If only I could be as funny!
Re the engine failure in a twin, if one on the aircraft I fly fails then all the checklists will be completed and we will land as soon as possible, overweight at a suitable airfield. Without rushing of course 
All the best and enjoy it.
Last edited by super ted123; 25th Sep 2008 at 00:44.