So the 10 lakh cheque, which you mention 5 of 2 lakhs each, do we have to have 10 lakhs in the bank when they call us or just have a cheque ready of 10 lakhs so they will keep that for 5 years so if in any case something happens, they take that money as their security.
I understand that from the Director of Flight Safety whom I know personally, Spicejet is getting 6 positions for typed free of cost from Bombardier for every aircraft they get from them. So basically SpiceJet is getting free and if one has to pay 10 lakhs and then 17K as EMI, basically it works out to be 20 lakhs then. So do we end up shelling 20 lakhs for a type rating which cost 24,000 Canadian Dollars and what are we paying 20 lakhs for?
I have a friend who is in your batch going on the 15th to Canada too so good luck and study hard.