TCX Sponsorship
TCX Sponsorship
Join Date: Dec 2004
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Just read all the details on OAT's site and FI magazine.
First class!
Cash Back!
Errr, hang on a minute.
Right.....
Hmm.
Now, here is my disclaimer: I think that it's excellent that these schemes are starting to pop up and show that the industry is on the up. This is very good news and makes me feel much more confident about my decision to study as a big bus driver.
However, it is clear that this scheme has never been within a long haul flight of a sponsor. You save £4,500, which is probably the loyalty discount given for providing a whole class of APP students anyway. You also have to live in overpriced OAT accom for the first 20 week further reducing your saving.
The only way this would be a good idea is if you have alredy have planned to go on the APP anyway and have nothing to loose (you still have to pay £195 to apply).
Don't get me wrong, excellent news for the industry. And I wish the very best of luck to those who apply. I just wish they'd be more honest with the marketing and remove the word 'sponsor'.
This 'part sponsored' scheme actually gets you into more debt than the normal APP and costs more than Jerez (which has a pool
)
EK
The airline and Oxford Aviation Training (OAT), working together to meet TCA’s needs, have agreed to launch a brand new, jointly sponsored airline pilot training programme.
In addition to the security of ‘conditional employment’ successful TCA/OAT candidates will benefit financially by a significant reduction in the price of APP training as a result of the joint TCA/OAT sponsorship.
For the new TCA/OAT sponsorship programme, the terms of the loan have been extended to enable all eligible candidates to qualify for a loan of up to £60,000, i.e. £10,000 more than for the standard programme.
Under the TCA/OAT programme, the APP course will cost £52,000, to which must be added mandatory CAA test and examination fees.... In addition, the costs of room only accommodation... and the 20-week flight training phase.... leading to a total package price of £60,000.
you will need to provide approximately an additional £5,000 to cover any other expenses,
Now, here is my disclaimer: I think that it's excellent that these schemes are starting to pop up and show that the industry is on the up. This is very good news and makes me feel much more confident about my decision to study as a big bus driver.
However, it is clear that this scheme has never been within a long haul flight of a sponsor. You save £4,500, which is probably the loyalty discount given for providing a whole class of APP students anyway. You also have to live in overpriced OAT accom for the first 20 week further reducing your saving.
The only way this would be a good idea is if you have alredy have planned to go on the APP anyway and have nothing to loose (you still have to pay £195 to apply).
Don't get me wrong, excellent news for the industry. And I wish the very best of luck to those who apply. I just wish they'd be more honest with the marketing and remove the word 'sponsor'.
This 'part sponsored' scheme actually gets you into more debt than the normal APP and costs more than Jerez (which has a pool
)EK
Join Date: May 2003
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Price is actaully about the same as jerez. jerez is 62k or so, not including a JOC. Oats course is looking to be about 65k ish with a JOC, not much difference really, and u get a job with TCX at the end.
Join Date: Dec 2004
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Without wanting to get into a petty argurement, I feel that you completely missed the point of my post, Blinkz.
You even show that the cost of the course is roughly the same as Jerez. It is marginally less than the standard APP. The word 'sponsor' just can't be justified.
It is OAT's equivalent of Jerez's Pilot Approved Scheme (Thomsonfly / BACitiExpress). I feel that these were more accurately and fairly marketed (and a better deal - they are paying for their cadets' JOC).
Come on, you know better than to post things like that. They'd love you to think it.
That kind of sums up what I'm trying to say. To understand what is on offer here you have to unspin the rhetoric and do months of research on FTO's. Thats OK for those who have, or who can afford £65k. Just a bit unfair on those who are new to the game.
Doesn't make any difference to me. I'll not be applying - £195 is a weekend in Barcelona!
EK
You even show that the cost of the course is roughly the same as Jerez. It is marginally less than the standard APP. The word 'sponsor' just can't be justified.
It is OAT's equivalent of Jerez's Pilot Approved Scheme (Thomsonfly / BACitiExpress). I feel that these were more accurately and fairly marketed (and a better deal - they are paying for their cadets' JOC).
and u get a job with TCX at the end.
That kind of sums up what I'm trying to say. To understand what is on offer here you have to unspin the rhetoric and do months of research on FTO's. Thats OK for those who have, or who can afford £65k. Just a bit unfair on those who are new to the game.
Doesn't make any difference to me. I'll not be applying - £195 is a weekend in Barcelona!
EK
Join Date: May 2003
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Sorry, yea I don't think its a sponsorship at all, and I agree it shoudn't really be marketed that way. Like you say it is just the same as the jerez schemes.
At least the market is moving in a decent direction.
At least the market is moving in a decent direction.
Join Date: Mar 2004
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Surely the essence is in the tailored bank loan. The course provides security in the form of a job at the end (at least very very likely) to back up the original loan.
Not everyone can put the colateral together to cover even this, so this scheme, however worded, has got to be a great opportunity.
Not everyone can put the colateral together to cover even this, so this scheme, however worded, has got to be a great opportunity.
Join Date: May 2005
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TCX
It seems like a good scheme. If you check out http://www.oxfordaviation.net/forum/...?TOPIC_ID=1854 oxfords forums it says HSBC offer the loan unsecured, which is great for all those who couldnt secure a loan or talk their parents into securing it on their house!
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I really do think that the airlines and FTOs involved need to be responsible with how they present these schemes. As I said earlier, FTE did a good job. But the more I read the literature for this, the more misleading it seems.
An airline sponsorship package seems to have been built out of nothing. TCX want X amount of pilots and they want OAT to train them. OAT can offer a few grand off the price as a loyalty discount. HSBC smell a buck and offer a £60k loan, which is the only real product on offer here.
Keeping the price virtually the same and increasing the loan amount is not a responsible way of making it more accessible. Do the sixth form students applying know what the monthly payments are like on a loan like this? Now try earning a reduced S/O salary 'cause you contribute to your type rating. You'll be living on about £700 pm at best. If you have the finances to support you during this then you could have afforded the APP in the first place!
This scheme is good for those who want to go integrated and already have the resources to do so.
It is what it is. It can be a good oppotunity for the right people. Just remember that the marketing people have attacked it and turned it into a product.
EK
An airline sponsorship package seems to have been built out of nothing. TCX want X amount of pilots and they want OAT to train them. OAT can offer a few grand off the price as a loyalty discount. HSBC smell a buck and offer a £60k loan, which is the only real product on offer here.
Keeping the price virtually the same and increasing the loan amount is not a responsible way of making it more accessible. Do the sixth form students applying know what the monthly payments are like on a loan like this? Now try earning a reduced S/O salary 'cause you contribute to your type rating. You'll be living on about £700 pm at best. If you have the finances to support you during this then you could have afforded the APP in the first place!
This scheme is good for those who want to go integrated and already have the resources to do so.
It is what it is. It can be a good oppotunity for the right people. Just remember that the marketing people have attacked it and turned it into a product.
EK
Join Date: Apr 2005
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Unfortunately you still require a parental cosignature, I quote Mike Griffith directly from the Oxford forums:
"A parental guarantee is a co-signature. Essentially the loan will be in both your names. This means that if you default on the loan, your parents agree to either make the monthly payments for you or payoff the full balance of the loan.
If they too defaulted on the loan, then the bank could take action through the courts to seize both your and your parents assets to satisfy the debt."
"A parental guarantee is a co-signature. Essentially the loan will be in both your names. This means that if you default on the loan, your parents agree to either make the monthly payments for you or payoff the full balance of the loan.
If they too defaulted on the loan, then the bank could take action through the courts to seize both your and your parents assets to satisfy the debt."
Join Date: Aug 2005
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Quote from Mike Griffith on the Oxford Forums...
"There are people wondering why this scheme is better than standard APP since it involves more debt. It is better because there is a job gaurantee and because the airline helps repay the loan on some very favorable terms."
He seems to suggest TC help to repay the loan? Maybe this is something that is only revealed to successful candidates? It could be better than it first seems.
Don.
"There are people wondering why this scheme is better than standard APP since it involves more debt. It is better because there is a job gaurantee and because the airline helps repay the loan on some very favorable terms."
He seems to suggest TC help to repay the loan? Maybe this is something that is only revealed to successful candidates? It could be better than it first seems.
Don.
Join Date: May 2005
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Question
What happens if you didnt study A-Level Maths and Science, does this mean we cant qualify.
If there are going to be more of these training schemes, what will the People who havent studied Maths and Science going to do, this lowers are chances of finding employmen, Doesnt It?
Thanx
What happens if you didnt study A-Level Maths and Science, does this mean we cant qualify.
If there are going to be more of these training schemes, what will the People who havent studied Maths and Science going to do, this lowers are chances of finding employmen, Doesnt It?
Thanx
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Some schools will actively seek out those for sponsorship schemes that have a minimum of an aero engineering degree. Cabair did this to a great extent with the BE sponsorship. However, they never stipulated this as a requirement in the ads.
The school will consider you less of a training risk for the groundschool part if you have some formal education in Maths and Physics. However, after taking the groundschool exams myself passing them all, and not having a Physics O-level, I think it is a reflection on the instruction rather than the candidate.
If you are serious about it, you might want to attend the OATS maths and physics brush up course to indicate your willingness. Might make a difference, but I really don't know.
Careful on the no upper age limit. It might not be stipulated, but I would assume TC wants guys under 26. Remember, no upper age limit means many more will apply - hence more people paying the £195.
The school will consider you less of a training risk for the groundschool part if you have some formal education in Maths and Physics. However, after taking the groundschool exams myself passing them all, and not having a Physics O-level, I think it is a reflection on the instruction rather than the candidate.
If you are serious about it, you might want to attend the OATS maths and physics brush up course to indicate your willingness. Might make a difference, but I really don't know.
Careful on the no upper age limit. It might not be stipulated, but I would assume TC wants guys under 26. Remember, no upper age limit means many more will apply - hence more people paying the £195.
Join Date: Sep 2003
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Well I posted something on the formum about the age limit and the bloke said there was none. Do you think they would be THAT sneaky to get £195 from us? 
http://www.oxfordaviation.net/forum/...?TOPIC_ID=1852
http://www.oxfordaviation.net/forum/...?TOPIC_ID=1852