PPRuNe Forums - View Single Post - What do you guys think about this loan package!?
Old 6th Mar 2009, 13:31
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EMmariano
 
Join Date: Aug 2008
Location: Quezon City, Philippines
Age: 37
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I'm from the Philippines. And the airline that offers that training is Philippine Air Lines. The bank (Allied Bank) that would offer this loan package is closely related to PAL since it is owned by the same person.

I guess, most of our local pilots here are being absorb by international ones since they are offering them much higher salaries. About 3x as much as what they would normally earn here.

Also, here are the details regarding the training guys.

Breakdown of Ab-initio training curriculum that would qualify a trainee
upon graduation for a Commercial Pilot License with Instrument Rating:

A.) Private Pilot Training Course:
i. Ground Training - 145 classroom training hours,
ii. Simulator, Basic Instrument Flying Procedure – 10 hours, and
iii. Flight Training – 53+30 hours.

B.) Commercial Pilot Training Course (with Instrument Rating):
i. Ground Training – 123 classroom training hours,
ii. Simulator, Advanced Instrument Flying Procedure – 20 hours, and
iii. Flight Training – 163+30 hours

Upon graduation, a trainee will have logged 217+00 flight hours to his
credit.

Thank you so much for your opinions. I would take them seriously under consideration.

And "Quant", I originally plan to work hard and save as much as I can, and start my training before reaching age 30. But this loan package does provide me an easier way to reach my goals.
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