Hi dudes,
I attended the CTC roadshow for Wizz Air, and tought it interesting to share the details.
Training will start in 14th of September, with application and selection in july.
Guess what everyone is interested about is the pricing: GBP 93,000 (EUR 128,000) for the full program, with a 7K deposit and the rest paid in 13 installments. The selection fee is GBP 245, also class 1 medical needs to be from an approved partner so according to them GBP 400. Food and personal insurance is not included in the price but everything else is - landing / testing fees, if you need more time in aircraft you get it for free, plane tickets to training facilities, accomodation etc.
The A320 Type Rating is included in the price. A guy asked about the starting salary, which they were unwilling to give out for some reason. They explained that its reasonable to pay back a loan within 5-7 years while not "starving to death", but all contracts are different so no exact numbers. They are working with banks to open up this kind of loan as its backed by a wizz job guarantee. The usual structure is pay less or nothing in the first 2 years and pay a higher amount later once you are SFO or Capt - then it wont hurt.
You become SFO in 1500 hrs (your 2nd year)
Capt. from 3500 hrs
possibly training capt. from 4500 hrs
Pay increase each 1K hrs flown from then on
You will fly about 850 hrs a year, usually on a 6/4 schedule.
Kinda fishy, because you are at the airlines mercy. Not sure if you know the terms of the employment before you sign up for the 93,000 GBP program, but according to them you are considered an employee from day 1 when you start training.
Salary starts about 2 weeks after you have graduated from CTC. They are looking for 28 trainees in 2015, and this is a 5 year program which means CTC will train several hundred Wizz pilots from scratch. According to Wizz they had to hire 200 pilots last year alone to meet the demand, and are expecting to increase this each year.
Another important thing is in case you start the training, but fail at some point and you have to drop out then all costs are refunded to you apart from the 7K deposit.
Good luck to all!