PPRuNe Forums - View Single Post - Pilot training loans secured over a property
Old 29th Sep 2009, 11:12
  #24 (permalink)  
Ronand
 
Join Date: Dec 2008
Location: Neither here nor there
Age: 41
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I think its far less than 1 in 4 now days.
I'm still in contact with most guys from my groundschool. And out of 27 guys only 2 landed a flying job more than 1 year after graduating.
Those 2 had really good contacts in high positions... Everybody else is still jobless! The funny thing about this, is that those 2 who are flying now, struggled in groundschool and failed exams and their ME-IR... (one of them was even 43 years old whe he finished groundschool)
This shows that contacts are everything in this industry. I think the most important things u need to land a flying job are: (in this order):
1.Contacts
2.Luck
4.Cash
5.Dedication and Talent

My advice to anyone who wants to do comercial flying training is: Only go for it if u have huge amounts of cash, so you do not have to pay loans back in case u can't get a flying job for a long time. Or if you have contacts who can really help you in getting a job!! Everything else is like going to a casino with a 40k bank loan!! Probably your odds would be better in a casino...
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