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Old 1st Nov 2015, 18:38
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There are currently over 7000 CPL holders in India looking for that first job.
Let's say 4000 at the very least apply for the exam. At 35000 per head, that's a cool 14 Crore rupees, enough to pay the salary of their staff including pilots, for a few months.

Rumour is that 50 candidates who are selected will be charged Rs 40 lakhs each for a self-sponsored Type Rating course on Q400 Aircraft. A Rating on this type can be had from outside at Rs 8 lakhs. Corporate clients gain firther discounts. Lets assume 10 lakhs as the actual cost of TR which the company will bear. That's a savings of Rs 30 lakh per pilot. 30 lakh x 50 candidates = a cool 15 Crore rupees.

Total amount to be made in the latest venture by SPiceJet....to the tune of approx 30 Crore rupees!
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