With the loss of the unsecured HSBC loan.
Total lack of permanent recruitment from the CTC schemes.
An uncertain future, at least for the next 12 months.
Is this the end of the CTC as we have seen it over the years.
They have got rich over the years by training cadets who earn a pitance in their first six months after training (£1000 per month plus flight pay) while the cadets have paid at least that for their JOC course etc.
The only benefits from CTC were their track record in job placement, and the unsecured loan.
Both now either at an end or in question.
When the upturn arrives there will be enough qualified pilots out there to fill the available jobs, so will the CTC cadets be of value to those hiring, I doubt that the accountants who run the airlines will see them in such a favourable light, as cheap labour.
CTC courses will stagnate along with the other training schools, as funding becomes more difficult to obtain.
And what value is CTC without their job placement after training ?
For those of you who have failed CTC selection, look elsewhere as there are better options and the integrated course providers are seeking links with partner airlines in the same way that CTC has over the years.
Selection is not perfect, and is more often flawed with the percieved ideas of the schools as to what is required.
I have known many who have failed in some aspect and who have then taken different routes to their fATPL, they have become useful crew members and later Captains.
Don't be sucked in by the CTC hype, there is no guarantee that they will do any better in the future than the other established training schools.
And their product which was once one of the highest in the industry when the numbers were small, is now no different to the average of the other schools.
CTC are your Wings about to be clipped