Hi All,
I posted some questions on the CTC FB page about Cadet Salary, and got this response.
[I]“ provided you complete the training to the required standard, you'll join Virgin on a cadet salary of c.£25,000 p/a basic, plus the return of your bond, which will be an additional c.£12,000 each year. Furthermore, this bond amount is not subject to government deductions. Your salary will increase each year and then you will being to receive a First Officer Salary by year 9 of employment which is c.£60,000 p/a basic.
I looked at the link provided for the loan, and it states an Interest rate of 4.99%. Which works out at £1254 per month, £15058 a year. This is £3058 short of the Bond repayment. Is this right?