Man utd1999,
eJ plan to underwrite loans, not sure when. From my email:
"In future, ab-initio pilots will complete a pre-selection process for entry into an easyJet career. New loan arrangements are under development (involving continuing liaison with BALPA) which will help make the overall process more affordable. These measures potentially include the underwriting of loans by easyJet, thus reducing the burden on cadets and enabling better negotiation of interest rates.
The intention is for easyJet to underwrite the loans that potential pilots enter into with BBVA. This will allow access to funding to a much wider group of pilots for the future. It will also allow more flexibility for us to restructure payments to alleviate the financial pressure during the first 2 years, without making significant changes to interest rates or repayment period. The details of the new scheme and implementation details are not yet finalised, but we are making good progress and expect to be able to publish additional details in the next few weeks once we have agreed final terms with BBVA and have consulted with HMRC to ensure the scheme is compliant with HMRC rules."