What a crap deal. You pay $15,000USD for a type rating and then you need to pay an additional $39,700USD for the EJ course, total price comes to $54,000 before you even start your first 500hrs of not getting paid.
So lets throw in $20,000 for living expenses for the first 500hrs as u will need to take into account rent/living expenses and any other incidentals as they come up and then at the end of the 500hrs the pay on offer is $2300usd per/mth, yearly salary of $27,600USD per yr. You dont need to be a mathematical genius to work the figures out. Your initial outlay is $74,000USD to get paid $27,000USD per year and on a 4yr contract where if you want to leave prior to the 4yrs you have to pay up $100,000USD.
Sounds like a great ponzi scheme to me. Even Berni Madoff would have been proud of this one.
What this sounds like is the boyz and gals at EJ and their counterpart at Lion Air want a pay rise for the new year and have worked out a way to justify it.
Why would anyone go for a deal like this, irrespective of the amount of flying you will be doing. It is just plain ludicrous.
