Heya guys,
I am currently going through the CTC process, having passed phase 3 last week and booked into phase 4. I'm extremely excited about possibly being able to start pilot training, having wanted to fly for the last 10 years, and finding out I cannot go military due to childhood asthma, I resigned myself that if unsuccessful with CTC I would have to find a different career.
My parents are extremely conscientious and need some firm reassurances if they are to help me secure a loan. They want to know that CTC are not a mickey mouse company and that neither the bank or company is about to go bust. Obviously, in all that they will want to know that I will be able to pay for my loans (so it will not come back and bite them).
As such I've trawled through several websites and found this thread in particular quite disturbing. As thebeak would say I've been looking for confirmation bias and not entirely taken into consideration that in 2 years time I could be looking at loan repayments and no job. I have several questions about reassurance over the company, but I suppose the primary question is should I be going through with CTC at all?
I understand that they have an excellent record at placing people. I was also told that they are partnering with new airlines. However, I have spoken with friend who's currently on his 6 month placement with EZY (having gone through CTC) and his explanation of the bond repayment differed considerably from Lee's presentation, and not for the better.
I appreciate those that suggest leaving the training for a few years until the market is more stable, but I see several problems with this. Firstly, would it not have seemed stable at the time of entry for my friend in EZY? Now he's having to resign to the fact that he will be lucky if he gets his bond back, and that he'll have to do agency work for the next few years. Secondly, during the presentation Lee stated they are raising the bond from 60,000 to 69,000 starting on the August course. I am potentially in the position to start in July (on the basis I pass phase 4), so is holding off a year (in a job where I am currently not paid much above basic salary) financially a good idea as I will undoubtly not recover the £9000 cost through working an extra year?
Sorry for the mammoth message. Its my first here on the forums and I seem to be in a position of many questions, and very few answers at the moment.