Just clearing up a couple of misconceptions
Originally Posted by
Captain Spam Can
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1K a month for 6 months is hard i know but its only for 6 months and i dont have to fork out 30k for a type rating.
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Cpt SC, I hate to be the devil's advocate here but my understanding is the reason that CTC cadets only get paid £1000 for the first six months is that the remainder of their salary is used by the airline to pay CTC for the cadets' type rating. So you are in effect funding your own type rating (but at a much reduced rate so in a lot of ways it is still a good thing).
Originally Posted by
Wee Weasley Welshman
I predict dozens and possibly hundreds of 'cadets' with £80k bonds of whatever flavour will be standing in front of the Bankruptcy Court in 2009/2010.
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And I believe that there is a clause in the contract which prevents cadets declaring themselves bankrupt to avoid their loans.
Last edited by flightless_bird; 28th Oct 2008 at 09:05.