Kenya Airways AB Initio Pilot Recruitment
Join Date: Nov 2012
Location: S0119.8 E03655.4
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at least someone understands my drift, thanks bonibones. for the umpteenth time i have not asked anyone to abandon the chance if they really want it that bad, only if you have a very promising career, then it is a big gamble and you might need to re evaluate what's important. what i am actually advocating is your inclusion in deciding how a loan that you will pay is spent so that you rip the maximum out of it, and at the same time have as little as possible to pay when you come back, surely that is not so difficult to understand is it.
With fixation like that wannabe you might struggle flying your instruments, it really needs you to take varied info and make sense from everything you see, not just one way.
Moving to Emirates and Qatar seem easy don't it? but you will be owing KQ and CO OP about 15million, you will have to pay it upfront if you want to leave, and that is excluding your bonding for the 737 training and rating, so you are looking at almost 20million.
For the last time, to all of you future cadets, by all means do your best to get through the interviews, but please ask the management why they shouldn't give you some flexibility for a loan that you and only you will pay, this is for your benefit for those who understand what i'm getting at, it is our concern for our future colleagues in the industry, we do not want them to be slaves of the company, but their own strong individual airframe drivers
With fixation like that wannabe you might struggle flying your instruments, it really needs you to take varied info and make sense from everything you see, not just one way.
Moving to Emirates and Qatar seem easy don't it? but you will be owing KQ and CO OP about 15million, you will have to pay it upfront if you want to leave, and that is excluding your bonding for the 737 training and rating, so you are looking at almost 20million.
For the last time, to all of you future cadets, by all means do your best to get through the interviews, but please ask the management why they shouldn't give you some flexibility for a loan that you and only you will pay, this is for your benefit for those who understand what i'm getting at, it is our concern for our future colleagues in the industry, we do not want them to be slaves of the company, but their own strong individual airframe drivers
Join Date: Jun 2012
Location: Nairobi
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LOAN
Coop is a bank you don't expect them to give you money without interest, its business. Plus they give you almost 27 month grace period so its going to attract a huge interest rate. well I'm not sure about the total amount you will pay back but all in all you can question management its your choice.
Join Date: Jun 2012
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Bonibones
Did Egla tell you, you will be paying back more than 15M? is it really practical to borrow 6M and pay back about 20M? that's more than 300% interest, I'm really doubting these facts. let me do some consultation
Join Date: Apr 2008
Location: S01°19′09 E36°55′39
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Guys.. this field is not as rosey as most of you may think.
All UA405 is doing is trying to open your eyes to reality and trust me instead of criticizing him, listen to him. He means well. What he has stated is not only true but very important facts that might effect someones decision.
All the best to all the candidates.
All UA405 is doing is trying to open your eyes to reality and trust me instead of criticizing him, listen to him. He means well. What he has stated is not only true but very important facts that might effect someones decision.
All the best to all the candidates.
Join Date: May 2012
Location: MOMBASA
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DISTANCE
I have been called for the psychometric tomorrow bt a i had given up and gone back to mombasa so i dont know hw long it will take after the psychometric .to those who took the psychometric yesterday,how long will it take for another interview if you were informed yesterday? please help!
Last edited by Geokumu; 28th Nov 2012 at 10:35.
Join Date: Nov 2012
Location: S0119.8 E03655.4
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@ Kjnmangaa,
I hope you are enjoying your flying so far, and Tims cuisine, paddy and co. are making your stay in Papa Alfa worthwhile.
Now, i just want to point out a few things that you might not know, the newly checked out F.O's from 43 who were there before you, have just had their loan terms reviewed and received letters from Co op to that effect.
Note, these guys were loaned less what you got by just over a million, to be exact they signed for 5.4 million, they just discover now that their loans were charged interest during the grace period, so now before even they start repayments the sum owed has already shot up to 7.5 million.
Their new repayments will migrate from 99k to 133k, to be payed in 96 months, do the math how much they will have payed back by the time they are done, and who is to say the interest isn't going to gain a few more percentage points in the coming years, pushing the repayments even higher. Now think about your 6.5 million which is slightly more, it is not right for KQ to peddle this money making partnership with co op as sponsorship.
I am not causing panic, i am opening your eyes to what lies ahead. It is unfair and we are not for it.
If they have to give out loans, why not do it HELB style (for those of us who benefited from this noble scheme) since you will repay it anyway, let them pay the flying fees to the school and tuition for groundschool and PPL exams, and you control the rest, your upkeep, accomodation and even some equipment, i am pretty sure you will save loads, and in the end you get to know exactly how much you spent.
FYI, once you check out you have to get a car loan, because KQ does not pick pilots for work, and you are not allowed in PSV's in uniform, so another loan will be a necessary evil to you Kjnmangaa.
I gain nothing by discouraging guyz from the wonderful opportunity of sitting in a Jet flight deck, but i am asking you guyz help us help you to get what you truly deserve.
I benefited tremendously from the earlier Ab initio courses, when we used to pay only half of what you spent and no interest charged, why not the people who come after me, worst case scenario let them pay for only money spent.
I have no reason spending time on PPRUNE lobbying for something like this, and yet i have to operate a flight early tommorrow morning, i do not want slaves in my flight deck, i want strong opinionated individuals flying as my First Officers.
All the best and happy landings.
Blue side up Always
I hope you are enjoying your flying so far, and Tims cuisine, paddy and co. are making your stay in Papa Alfa worthwhile.
Now, i just want to point out a few things that you might not know, the newly checked out F.O's from 43 who were there before you, have just had their loan terms reviewed and received letters from Co op to that effect.
Note, these guys were loaned less what you got by just over a million, to be exact they signed for 5.4 million, they just discover now that their loans were charged interest during the grace period, so now before even they start repayments the sum owed has already shot up to 7.5 million.
Their new repayments will migrate from 99k to 133k, to be payed in 96 months, do the math how much they will have payed back by the time they are done, and who is to say the interest isn't going to gain a few more percentage points in the coming years, pushing the repayments even higher. Now think about your 6.5 million which is slightly more, it is not right for KQ to peddle this money making partnership with co op as sponsorship.
I am not causing panic, i am opening your eyes to what lies ahead. It is unfair and we are not for it.
If they have to give out loans, why not do it HELB style (for those of us who benefited from this noble scheme) since you will repay it anyway, let them pay the flying fees to the school and tuition for groundschool and PPL exams, and you control the rest, your upkeep, accomodation and even some equipment, i am pretty sure you will save loads, and in the end you get to know exactly how much you spent.
FYI, once you check out you have to get a car loan, because KQ does not pick pilots for work, and you are not allowed in PSV's in uniform, so another loan will be a necessary evil to you Kjnmangaa.
I gain nothing by discouraging guyz from the wonderful opportunity of sitting in a Jet flight deck, but i am asking you guyz help us help you to get what you truly deserve.
I benefited tremendously from the earlier Ab initio courses, when we used to pay only half of what you spent and no interest charged, why not the people who come after me, worst case scenario let them pay for only money spent.
I have no reason spending time on PPRUNE lobbying for something like this, and yet i have to operate a flight early tommorrow morning, i do not want slaves in my flight deck, i want strong opinionated individuals flying as my First Officers.
All the best and happy landings.
Blue side up Always
.
Join Date: Apr 2012
Location: Nairobi-Kenya
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UA405
You talk a lot of sense but how do we go about? How do we present our case to the management when we are not even sure if we will go through the interviews successfully. I am currently an engineering student but the desire to fly can make me change career but I also do not want burden of repaying that kind of loan. Please do give us the right channel we can follow otherwise I will just go through the interviews if I succeed then I will weigh the terms and conditions!
Join Date: Nov 2012
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The thing is after you pass your interviews, then they offer the contract, obviously you are in no position to dictate how you want things done, but if you ask them tough questions when signing the contracts, then they are aware that you know things never used to be this way, and trust me there are also people trying to put them to task, to find out if the co op deal is the best our cadets can get, while other airlines continue fully sponsoring their own.
As things stand this partnership is purely profit driven and not for the cadets benefit, why not have a situation where they cap the interest for you guyz, instead of having ballooning loans like the new guyz are having.
Asking about it not fighting about it, and behind the scenes we are also trying to seek solutions to this unfortunate scenario.
My heart goes out to these young men and women who have to begin their careers with such a load on their shoulders
As things stand this partnership is purely profit driven and not for the cadets benefit, why not have a situation where they cap the interest for you guyz, instead of having ballooning loans like the new guyz are having.
Asking about it not fighting about it, and behind the scenes we are also trying to seek solutions to this unfortunate scenario.
My heart goes out to these young men and women who have to begin their careers with such a load on their shoulders
Join Date: Nov 2012
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@ wannabe, don't sweat it, for the time being there is little that can be done to get out of the deal they have with co op, apart from querying why not give the cadets abit more control of how their finances are spent. Anyhow, always know that there are people who are trying to look out for you guyz
@ Kjnmangaa, that is a 767-300ER cockpit, its abit marcopolo compared to the 777, but its a beast and handles like a dream.
I get your point about capitalism and all, but the reason why the famous Donde bill was ever passed was to stop exploitation of customers through inflated interests, as it were the latest cadets will be paying more than double what they borrowed, those are issues that need to be sorted.
And since cadet financing is a lucrative affair, it would have been fair if KQ was the one to sign the dotted line on behalf of its cadets, and use its financial muscle to cover the loan during the grace period, granted you still pay the interest but not as much, and the benefit is passed on to you as a student.
We want you guyz to enjoy your junior F.O years like we did, be able to start on a good footing.
PS: recurency checks once online are twice a year, with an RPC once a year, if you fail them consistently you can be terminated under Non performance, and that falls on you not the company.
Cheers guys and goodluck
@ Kjnmangaa, that is a 767-300ER cockpit, its abit marcopolo compared to the 777, but its a beast and handles like a dream.
I get your point about capitalism and all, but the reason why the famous Donde bill was ever passed was to stop exploitation of customers through inflated interests, as it were the latest cadets will be paying more than double what they borrowed, those are issues that need to be sorted.
And since cadet financing is a lucrative affair, it would have been fair if KQ was the one to sign the dotted line on behalf of its cadets, and use its financial muscle to cover the loan during the grace period, granted you still pay the interest but not as much, and the benefit is passed on to you as a student.
We want you guyz to enjoy your junior F.O years like we did, be able to start on a good footing.
PS: recurency checks once online are twice a year, with an RPC once a year, if you fail them consistently you can be terminated under Non performance, and that falls on you not the company.
Cheers guys and goodluck
Join Date: Mar 2012
Location: Nairobi
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UA405
Greetings, I just want to thank you for looking out for us guys. I am currently in the ab initio programme at 43 and I'm already really thinking about those figures. Unfortunately I'm in the group @kjnmangaa that's paying the loan with 13% interest. Actually it is really shocking that this is the moment we are calculating the amount we are to repay(most of us signed the loan without thinking of the amount weNll pay back to the bank) and it adds up to about 133k for 96 months which is really steep. I think everyone who is striving to join the ab initio course should think about the future before signing those papers. All in all, thanks for being objective. Cheers.
All the best to those doing the psychometric
All the best to those doing the psychometric
Join Date: Apr 2012
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UA405
Clearly there's a lot of objectivity in your claims but don't you think the union should take up this matter with the airline because it's clearly a recipe for disaster.2 years down the line there's going to be a lot of labour unrest amongst us first officers due to 'financially overburdened ' pilots as you said.Majority of the Ab initio trainees are not well grounded on financial aspects of employmentand job security,a weakness that is being fully exploited by the airlines management .