Ladies & Gentlemen We seem to be missing the point. Which ever way we do the calculations there will be a significant debt in incurred. I would imagine we can all agree this will be a six figure sum. This loan will be secured probably against a parents property.
The new contract offered to the cadets at EZY requires two years on agency pay a further two years on part time pay followed by a possibility to earn a current F/O salary. This is another significant saving for the company yet due to there financial sitations they have virtually all agreed to sign up to the deal.
These ambitious career minded guys and girls have been left a future of low pay. poor living standards. Financial burden that failure to pay the loan could result in there parents losing th roof over there head.
My objective is to ensure that anyone wanting to follow into there footsteps does so with all the relavent facts.
The Airline industry is in crisis, Flybe, Virgin as well as many other companies are struggling to survive. there are many unempolyed pilots,with many others joining the dole queue.
The only airlines left in europe will be BA/Iberia, Lufthansa, KLM/Airfrance, Easyjet and Ryan Air sais MO.