The thing that worries me about this sponsorship scheme is that the amount you are paying for the training seems to be atleas £20,000 over the going rate for this course.
I gained my NZCPL and IR over the course of a couple years and it set me back the grand amount of £12,000, this was the slow way of doing it as it wasn't a full time course. Add in all of my conversion costs to the JAR ATPL and I spent in total around the £21,000 mark. Since this is a semi structured course it would actually work out to me cheaper than this as there is no conversion costs if you do the JAR exams and flight tests instead of the NZ ones.
So where is the other £40,000 pounds going, take out the £5,000 living expenses and a type rated at a cost of £15,000 and you are still left with £20,000 that seems to dissapear. Then to rub insult to injury you are paid substancially less than a normal first officer. Yes you do get the bond back over the 5 years but you still have paid interest that this does not cover. Considering your are getting around £13,000 per year less than normal they are really just paying you a NORMAL wage. So its win win for Easyjet. Having said all of this however, who can turn their nose up at a 737 job and 9 months in NZ, not a bad way to go, so if you can support this cost then go for it but remember if it all goes pear shaped and you lose your job or EZ jet goes bust then £60,000 is a lot to owe considering you could have done it all on your own for £20,000 less!
