Adios,
The Sterling guys had to fork out an extra £30,000 to get an FR 'pay to fly' job off their own backs. They will have spent well over £100,000 to fly for an airline with non existent employee rights. Just goes to show what a mess you can get yourself into when you are a lab rat.
Nobody is suggesting that flyBE are going to go bust. However, a real issue is this;
1) They have a recruitment freeze.
2) They have a holding pool. Incidently it costs around £5,000 per year to be in the holding pool to remain current.
3) They will only start emptying the hold pool when the economy dictates.
4) The new MPL cadets will have to wait their turn in the hold pool.
So, for MPL cadets to go into a job, the economy has to pick up, flyBE start recruiting and the hold pool has to empty. All within the next 18 months.
Possible? Yes.
Would I put £71,000 on it? Not a chance.
IMHO it is very likely you will go into the dreaded hold pool and tread water indefinately. Just like people are now.
As a side issue, OAA can be summed up with this quote from their web site:
OAA and Flybe will offer equal partial sponsorship funding to a maximum of 12 successful candidates. These will be offered up to £19,800, in the form of interest-free loans
Since when was a sponsorship a loan? Surely it's one or the other? It's a loan. It is not in any way, shape or form a sponsorship.
If it all works out, fine. But there are enough question marks to take a second look even if flyBE stay in business for the next century.
EK