Flybe sponsorship
Join Date: Oct 2005
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FLYBE sponsorship
Hi
Ive been trying to get details of the first set of tests - without any luck - no one tells you anything!!!
Is it the aptitude testing methods like with diagrams, pictures and the likes or is it more geard up to the likes of a maths/physics exam.
Im at uni studying Engineering, do the tests concentrate on any on easpect of the syllabus ie electronics, formulae etc???
Any help would be appreciated cheers
Ive been trying to get details of the first set of tests - without any luck - no one tells you anything!!!
Is it the aptitude testing methods like with diagrams, pictures and the likes or is it more geard up to the likes of a maths/physics exam.
Im at uni studying Engineering, do the tests concentrate on any on easpect of the syllabus ie electronics, formulae etc???
Any help would be appreciated cheers
Join Date: Jun 2003
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ok - just thinking out aloud here:
For this scheme you require a loan of 38000. For starters, since the demise of the HSBC pilot loan scheme, i have no idea where to go to get a loan of this size (HSBC Professional studies loan onlygoes upto 25k)!! Even if i did find a bank willing, a good interest rate would be approx 6-7%. Working on 7% over 5 years, this means paying back approx 8800 per year. This is approx 680 per month. Add to this the 330 for paying back course costs equals 1010 per month. As has been previously stated approx salary is approx 25000 + 2500 sector pay equals 27500. After tax and NI approx 1600 per month. Then, in my case, take off student loan and loan for PPL equals 1300 per month. So ow do i live on 300 a month, what about rent and bills, food etc. Even those of you who have no student loan of PPl debt you still have to live off of 500-600 a month. How?? I am currently an aero engineer taking home approx 1500 net a month and its still difficult - rent, bills, car, food etc.
Unless you have 38k in cash in your pocket i just dont see how anyone can afford to do this!!!
thoughts??
stu
For this scheme you require a loan of 38000. For starters, since the demise of the HSBC pilot loan scheme, i have no idea where to go to get a loan of this size (HSBC Professional studies loan onlygoes upto 25k)!! Even if i did find a bank willing, a good interest rate would be approx 6-7%. Working on 7% over 5 years, this means paying back approx 8800 per year. This is approx 680 per month. Add to this the 330 for paying back course costs equals 1010 per month. As has been previously stated approx salary is approx 25000 + 2500 sector pay equals 27500. After tax and NI approx 1600 per month. Then, in my case, take off student loan and loan for PPL equals 1300 per month. So ow do i live on 300 a month, what about rent and bills, food etc. Even those of you who have no student loan of PPl debt you still have to live off of 500-600 a month. How?? I am currently an aero engineer taking home approx 1500 net a month and its still difficult - rent, bills, car, food etc.
Unless you have 38k in cash in your pocket i just dont see how anyone can afford to do this!!!
thoughts??
stu
Join Date: Jan 2005
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yes it is hard for a lot of people to find this money. and pay it off. in some ways its almost better going off on your own. but you hav to admit the 25K or so they put in really helps, if you had the choice in finding a 40K loan and a 60K one which would u want to find?
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Regarding the testing, from my experience, the maths section was to GCSE level (ie no integration/differentiation but a fair amount of arithmatic and some formula manipulation).
The physics paper did go up to AS level and it did require a certain amount of prerequisite knowledge (basic electrical theory and newtonian mechanics are topics I can remember).
I brought AS revision guides for maths and physics to get myself up to speed for the tests.
There was a timed maths section where you were given a varying limited amount of time to answer a question before the next question was read out (30-60 seconds springs to mind). In my opinion, this section is the toughest as you have to be fully comfortable with long div/long multiplication under pressure to do well here.
It will be also be worth bringing along your own lunch to the testing day as the cafe in the building was rather limited.
As with most things, time spent in preparation is seldom wasted.
Good luck to all applying, and if you arent one of the few to be selected, dont get too disheartened, there is more than one way into the right hand seat.
The physics paper did go up to AS level and it did require a certain amount of prerequisite knowledge (basic electrical theory and newtonian mechanics are topics I can remember).
I brought AS revision guides for maths and physics to get myself up to speed for the tests.
There was a timed maths section where you were given a varying limited amount of time to answer a question before the next question was read out (30-60 seconds springs to mind). In my opinion, this section is the toughest as you have to be fully comfortable with long div/long multiplication under pressure to do well here.
It will be also be worth bringing along your own lunch to the testing day as the cafe in the building was rather limited.
As with most things, time spent in preparation is seldom wasted.
Good luck to all applying, and if you arent one of the few to be selected, dont get too disheartened, there is more than one way into the right hand seat.
Join Date: Mar 2002
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I know the maths on this are the most appealing sums in the world, but as someone said earlier its the difference between you having to ask HSBC for £38,000 compared to £60,000 for the TCX/Excel type schemes at OATs. At least Flybe are putting their hand in their pocket for the remaining sum, and are theoretically 'loaning' you this amount interest free for 6yrs or so until your debt to them is repaid. Also remember that they are a company paying for professional training, so they are not paying VAT on their share, which again saves you a few pounds!
People are always so quick to praise the OATs and CTC style scheme, but none of the airlines in those dip into their pockets to help you up front and as a result they have no real inclination to take you on as an F/O at the end of the day if the market has taken a downturn. At least with the Flybe scheme, you know that they will be fairly keen to get their £20,000 back out of you!
So the sponsorship isn't 100% free like the good old days of BA, but it strikes me that for anyone looking at starting training in the near future that this scheme brings the cost down from the £60,000 for an integrated towards the amount of money you would need to find to do the modular route.
One final thought ... I suggest to you all that if you talk to HSBC about borrowing the money and you can go to them saying that you have a guaranteed job at the end with a starting salary of £26,000 + duty pay and that the company involved are helping out by paying a third of your training costs up front, that you are a lot more appealing candidate for the loan than the guy who has not been through an airline selection process and beaten 300 other people to a place on the scheme but wants £60,000 in the hope that at the end you will walk into a job - seems a bit risky to me!
People are always so quick to praise the OATs and CTC style scheme, but none of the airlines in those dip into their pockets to help you up front and as a result they have no real inclination to take you on as an F/O at the end of the day if the market has taken a downturn. At least with the Flybe scheme, you know that they will be fairly keen to get their £20,000 back out of you!
So the sponsorship isn't 100% free like the good old days of BA, but it strikes me that for anyone looking at starting training in the near future that this scheme brings the cost down from the £60,000 for an integrated towards the amount of money you would need to find to do the modular route.
One final thought ... I suggest to you all that if you talk to HSBC about borrowing the money and you can go to them saying that you have a guaranteed job at the end with a starting salary of £26,000 + duty pay and that the company involved are helping out by paying a third of your training costs up front, that you are a lot more appealing candidate for the loan than the guy who has not been through an airline selection process and beaten 300 other people to a place on the scheme but wants £60,000 in the hope that at the end you will walk into a job - seems a bit risky to me!
Join Date: Aug 2005
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Alpha Charlie
All salient points but I think you are missing the crux of my critism of the Flybe scheme and why the OAT ones are better: namely that the Flybe scheme does not make flying more accessible to people who are financially dissadvantaged like myself. The OAT scheme (for me) is by far the better because it makes the loan available whereas I do not have access to the funds required by Flybe.
Incidentally, the Thomas cook were going to pay for 1/3 of the costs, without requiring repayment.
QED
All salient points but I think you are missing the crux of my critism of the Flybe scheme and why the OAT ones are better: namely that the Flybe scheme does not make flying more accessible to people who are financially dissadvantaged like myself. The OAT scheme (for me) is by far the better because it makes the loan available whereas I do not have access to the funds required by Flybe.
Incidentally, the Thomas cook were going to pay for 1/3 of the costs, without requiring repayment.
QED
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a lot of people are fegetting the secuirty required of £40,000 in case you dont make the grade, or leave early. where are most people going to get that from.
(this is different from the 38,000 or so you put into the course)
(this is different from the 38,000 or so you put into the course)
Join Date: Mar 2002
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The funds being made available for the TCX/Excel type schemes are being made available to you by HSBC through a loan negotiated by OATs. HSBC and Cabair have the same arrangements. If you are going to attend an integrated course at Cabair you can apply for the same loan just as you can at OATs. Also the amount required for the Flybe scheme is under the £40,000 cut off point at which HSBC start wanting hard guarantees (i.e your parents house). Below that amount they generally seem happy with a parents signature.
The Flybe scheme just hasn't done all the leg work for you and got the loan forms ready for you sign, you just have to prepare a simple business type plan and talk to HSBC yourself.
As for the Flybe guarantee, again its simply a parent's signature that is required if you have no major assets (ie a house) yourself.
The Flybe scheme just hasn't done all the leg work for you and got the loan forms ready for you sign, you just have to prepare a simple business type plan and talk to HSBC yourself.
As for the Flybe guarantee, again its simply a parent's signature that is required if you have no major assets (ie a house) yourself.
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So if you fail at OATs with a loan from HSBC, how are you going to pay the bank back? I am guessing, even though the loan might be fully unguaranteed, that you might get a job doing what you are already trained/qualified in, or even at Tesco's or somewhere, so that you have some form of income before HSBC come after you for everything you have!! Therefore, I am presuming that this is also what you would do if you parents had signed a form (not giving HSBC their house, but a simple guarantee form saying that they could make the payments if you failed to) before HSBC started asking them to make payments on your behalf.
Anyway, rather than nit picking about the finer points of securities on a huge bank loan, I am sure that anyone who has made it through either the OATs, Cabair, CTC, Jerez or anyone else's pre-selection process has what it takes to complete the course with flying colours. Why else would HSBC give unsecured loans? Because they trust that the preselection will weed out those for might fall at the first hurdle!
But the big if, is always what will the job market be like in 13 months time when I graduate, and will I be good enough to get one of those few jobs that are around at the time for low houred pilots?
But hey, this is aviation ... and we are all crazy enough and keen enough to take that risk because we want to fulfil that dream! All I am trying to say, is the financing on the Flybe scheme should not be enough to put you off from applying, especially if you are already considering getting a loan from HSBC to go to OATs! Whether its Cabair, OATs, TCX with OATs, Excel with OATs, Flybe with Cabair, CTC Wings, at the end of the day you will pay for you licence in full, its just clever ways of trying to help you spread that cost up front and for the next few years, and to me, whilst it might not be the best deal that ever graced the planet as far as pilot sponsorships/cadetships go, I think an interest free and VAT free loan from an airline for a third of your training costs is a darn sight better than 2% above base! Now I am not saying that the OAT airline schemes are not good as well, they just do the maths in a different way, you just need to be flexible to see that other ways can work as well, and be prepared to put in a bit of leg work with HSBC yourself to secure the financing.
Anyway, rather than nit picking about the finer points of securities on a huge bank loan, I am sure that anyone who has made it through either the OATs, Cabair, CTC, Jerez or anyone else's pre-selection process has what it takes to complete the course with flying colours. Why else would HSBC give unsecured loans? Because they trust that the preselection will weed out those for might fall at the first hurdle!
But the big if, is always what will the job market be like in 13 months time when I graduate, and will I be good enough to get one of those few jobs that are around at the time for low houred pilots?
But hey, this is aviation ... and we are all crazy enough and keen enough to take that risk because we want to fulfil that dream! All I am trying to say, is the financing on the Flybe scheme should not be enough to put you off from applying, especially if you are already considering getting a loan from HSBC to go to OATs! Whether its Cabair, OATs, TCX with OATs, Excel with OATs, Flybe with Cabair, CTC Wings, at the end of the day you will pay for you licence in full, its just clever ways of trying to help you spread that cost up front and for the next few years, and to me, whilst it might not be the best deal that ever graced the planet as far as pilot sponsorships/cadetships go, I think an interest free and VAT free loan from an airline for a third of your training costs is a darn sight better than 2% above base! Now I am not saying that the OAT airline schemes are not good as well, they just do the maths in a different way, you just need to be flexible to see that other ways can work as well, and be prepared to put in a bit of leg work with HSBC yourself to secure the financing.
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AlphaCharlie
I know what you mean and I for one would expect to pass the course if selected but the problem is that as I understand it security is required for Flybe. And I don't have any.
I know what you mean and I for one would expect to pass the course if selected but the problem is that as I understand it security is required for Flybe. And I don't have any.
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On the Flybe prospectus it says
'This document requires the provision of security by way of gurantees acceptable to Flybe of up to 40,000'. These gurantees
are to cover costs repayble to Flybe should the candidate fail...'
it then goes on
'The balance of the course fees (i.e. 37,000) will be met by the selected candidate.
Does this mean you need to pay the 37,000 plus give a gurantee for 40,000 or are they refering to the same amount.
Thanks
'This document requires the provision of security by way of gurantees acceptable to Flybe of up to 40,000'. These gurantees
are to cover costs repayble to Flybe should the candidate fail...'
it then goes on
'The balance of the course fees (i.e. 37,000) will be met by the selected candidate.
Does this mean you need to pay the 37,000 plus give a gurantee for 40,000 or are they refering to the same amount.
Thanks
Join Date: Mar 2005
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FLYbe sponsorship (if you can call it that) stage two...
Hey all, just got an email inviting me to stage two, but they have moved the date FORWARD to the 15th instead of 17th. I hope nobody had made plans. Luckily I'm too broke to even consider going anywhere!! :-p
Time to start cramming for all those lovely test/questions etc.
Does anybody know how many people are getting through to each stage?
Time to start cramming for all those lovely test/questions etc.
Does anybody know how many people are getting through to each stage?
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Hi, got an email yesterday evening saying that I'm through too.
Had a look at the previous years threads regarding the application process and it looks like around 60 people attended the 2nd phase out of 350 odd applications - don't know how true that is tho.
Anybody know from previous years what we can expect from the physics and maths - not sure what bits to revise??
Goodluck
Had a look at the previous years threads regarding the application process and it looks like around 60 people attended the 2nd phase out of 350 odd applications - don't know how true that is tho.
Anybody know from previous years what we can expect from the physics and maths - not sure what bits to revise??
Goodluck