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Old 23rd Sep 2012, 17:17
  #34 (permalink)  
stuckgear
 
Join Date: Oct 2010
Location: Wayne Manor
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fla,

taking on a 100 grand plus debt should be no small matter, that is a considerable amount of personal liability to carry and no-one should do so on a promise.

the 'taken in by the hard sell' is just blowing smoke up the arses of those of who did and came unstuck; 'poor you, you are a victim', 'tragic', 'evil FTO's' etc etc.

No FTO has, as far as I am aware, held a gun to someone's head and forced them to take out a loan and blow the money with them. They have merely presented pretty pictures of 'actors' in their mid to late 20's with four bars on their shoulders on the steps of an A320/737 with the idea that this could be you once you drop 100k with us and get your 250 hours and a blue licence holder from the CAA.

Due Dilligence is what anyone should perform when making an investment of any kind, not read the pretty brochure and look for 'confirmation bias'.

Caveat Emptor

Yes, I may sound harsh, but many have been highly vocal on the situation for a number of years, many on this forum too.

The FTO management, MOL, etc do exactly what they are in their positions to do; maximise the returns and profitability for their companies. They are not social welfare organisations to make someone who wants scrambled egg on their hat a career. IOW they are in it to make money.

As for the OP, he's on the money with this:

Then ‘out of the blue’, you suddenly get an email from Parc – Your two year contract is terminated with a month’s notice, as per clause x of the contract. You are offered a new contract in Berlin on two thirds the hourly rate you were getting in the UK and no winter guarantee. You are also being paid in Euros, and will have to pay German rates of tax, pension and social security contributions which are much higher than in the UK. Well you’ve been well and truly suckered and screwed by all concerned, but what choice do you have now but to take it?
well, boo effing hoo.

or as another poster put it.. Told You So.

Last edited by stuckgear; 23rd Sep 2012 at 19:49.
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