FlyBE Sponsorship 2007
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FlyBE Sponsorship 2007
Sorry if there is already a thread for this but I couldn't find one.
Just wondering if anyone else is applying for this and if anybody has any more details than those on the Cabair site. How is the financial side of it working this year? £40k to be paid by the cadet?
Thanks in advance for any info.
Chris
Just wondering if anyone else is applying for this and if anybody has any more details than those on the Cabair site. How is the financial side of it working this year? £40k to be paid by the cadet?
Thanks in advance for any info.
Chris
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WHAT?
40 Grand. Are they taking the pi$$?
How is that a sponsorship? 8k was reasonable but 40 is just silly. Hey Sharlaton, is that linked to the rate of inflation?
Give it a wide birth JediDude.
Cheeky, very cheeky Mr A##tin!!!
40 Grand. Are they taking the pi$$?
How is that a sponsorship? 8k was reasonable but 40 is just silly. Hey Sharlaton, is that linked to the rate of inflation?Give it a wide birth JediDude.
Cheeky, very cheeky Mr A##tin!!!
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sponsoring??
Nah,I've received the documents to apply for this scheme and....you wont pay for the £40 k....end of the day,you'll be paying the whole £60k plus..!what it says in the aplication form is that after completion of the training ,we'll walk into the job if there are vacancies at the time,if not we'll have to wait,so we're not allowed to fly for other airlines....(imagine if theres a 2 year waiting,plus a £40k loan to repay?)if there is places available,we have to repay the £23k that the airline pay to the FTO during 5 years of employment,in 60 equal deductions from the salary!the salary is not attractive either,but hey..you wanna fly right?I didn't decide yet,simply because if I manage to get a loan of £40k,I rather apply for £20k more and just do the integrated course without any strings attached,so I can keep the options open for other airlines aswell...this scheme sound too high risk for me,what do you think guys?
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Nah, thats not right. You don't repay the £23k, what you are paying for in the first 5 years is the type rating. The way I see it the airline are actually forking out £23k which is more than can be said for the likes of CTC. I know its not the best deal in the world but I'm going for it anyways, at the end of the day it's virtually a guaranteed job, and its with an airline and aircraft that would be at the top of my list anyways.
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lol,perhaps you should read it properly,I'm not creating anything,and thats what it says in their sponsorship prospectus is :
*(second paragraph of page 3,Finance and Contract)flybe will sponsor the selected candidate by way of payment of £19.800 plus VAT(The £23K that i mentioned earlier)towards the cost of the JAA ATP integrated course at CCAT,as detailed on the last page of the prospectus.The balance of the course fees WILL BE MET BY THE CANDIDATE and must be REPAID in full to CCAT by friday 29 December 2006(£40K).the flybe contribution WILL BE REPAID BY THE SELECTED CANDIDATE OVER THE FIRST 5 YEARS of airline employment in the form of 60 equal montly deductions from salary.
*third paragraph- flybe will also cover all costs associated with the initial type rating training required to endorse tha DASH 8 Q400....
The training is currently valued at £13,500 and the selected candidate WILL ALSO BE BONDED for this amount,for the first 5 years of employment.
*(fourth paragraph) In the event that flybe does not offer employment immediately on completion of the course at CCAT but that the airline intends to make that offer,the selected candidate will be required to accept that offer for a period of up to TWO YEARS following graduation.
*Once employed by Flybe the selected candidate will de paid the appropriate salary from which will be deducted £e,960 per annum for five years,to repay the sponsored amount.Provided that the full five year employment term is completed the Dash 8 Q400 type rating is provided AT NO COST to the selected candidate.
OK. So this text was taken from their prospectus,and it supports everything what i said early:
*1 Flybe will pay £23k towards your training,but you'll pay back in 5 years
*2 Flybe will pay £13K for your type rating,but remender this is bonded(thats cancel's what you've said)
*3 Flybe may not have vacancies after your graduate,but they can put you in a holdpool,up to two years,and you and your guarantor signed a contract remenber,which you have to abide with the terms,so perhaps,you'll be back to Mcdonalds kitchen for the next two years otherwise you'll starve.....
Sorry mate,thats the facts, and Good luck with that!
*(second paragraph of page 3,Finance and Contract)flybe will sponsor the selected candidate by way of payment of £19.800 plus VAT(The £23K that i mentioned earlier)towards the cost of the JAA ATP integrated course at CCAT,as detailed on the last page of the prospectus.The balance of the course fees WILL BE MET BY THE CANDIDATE and must be REPAID in full to CCAT by friday 29 December 2006(£40K).the flybe contribution WILL BE REPAID BY THE SELECTED CANDIDATE OVER THE FIRST 5 YEARS of airline employment in the form of 60 equal montly deductions from salary.
*third paragraph- flybe will also cover all costs associated with the initial type rating training required to endorse tha DASH 8 Q400....
The training is currently valued at £13,500 and the selected candidate WILL ALSO BE BONDED for this amount,for the first 5 years of employment.
*(fourth paragraph) In the event that flybe does not offer employment immediately on completion of the course at CCAT but that the airline intends to make that offer,the selected candidate will be required to accept that offer for a period of up to TWO YEARS following graduation.
*Once employed by Flybe the selected candidate will de paid the appropriate salary from which will be deducted £e,960 per annum for five years,to repay the sponsored amount.Provided that the full five year employment term is completed the Dash 8 Q400 type rating is provided AT NO COST to the selected candidate.
OK. So this text was taken from their prospectus,and it supports everything what i said early:
*1 Flybe will pay £23k towards your training,but you'll pay back in 5 years
*2 Flybe will pay £13K for your type rating,but remender this is bonded(thats cancel's what you've said)
*3 Flybe may not have vacancies after your graduate,but they can put you in a holdpool,up to two years,and you and your guarantor signed a contract remenber,which you have to abide with the terms,so perhaps,you'll be back to Mcdonalds kitchen for the next two years otherwise you'll starve.....
Sorry mate,thats the facts, and Good luck with that!
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Doesn't seem that attractive to me as an outsider looking in.
If you want to spend all that money it makes places like Oxford and Jerez seem a steal since at least you aren't limiting your job chances at the completion of your training. As someone else has said you are contractually obligated to wait for Flybe to offer you something (as an aside it would be interesting to see if this is legally enforceable!) while all your mates could be on the line flying for other airlines in that time.
If you want to spend all that money it makes places like Oxford and Jerez seem a steal since at least you aren't limiting your job chances at the completion of your training. As someone else has said you are contractually obligated to wait for Flybe to offer you something (as an aside it would be interesting to see if this is legally enforceable!) while all your mates could be on the line flying for other airlines in that time.
Originally Posted by Rapha_BA
we'll walk into the job if there are vacancies at the time,if not we'll have to wait,so we're not allowed to fly for other airlines
Originally Posted by Rapha_BA
*(fourth paragraph) In the event that flybe does not offer employment immediately on completion of the course at CCAT but that the airline intends to make that offer,the selected candidate will be required to accept that offer for a period of up to TWO YEARS following graduation.
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It's not contradictive,think carefully...you passed your JAA exams with a average of 85% plus,had a great overall performance and then..the airline is unable to offer you a place for the next two years!!you go to other airline but you've signed a contract that means you'll have to pay for the bond,right?£23+£13,500=£36,500...Well,if you got the cash,good for you!!
I've spoke to someone at Cabair about the terms of this scheme and thats the way it is,if you dont believe,you are free so you can exercise your freedom of research!On my case,i'll try cabair but not under this scheme,I did my research on what is good for me,and what is good for me is not necessarily good for others!Good luck to you all
I've spoke to someone at Cabair about the terms of this scheme and thats the way it is,if you dont believe,you are free so you can exercise your freedom of research!On my case,i'll try cabair but not under this scheme,I did my research on what is good for me,and what is good for me is not necessarily good for others!Good luck to you all
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As someone who has been through the FlyBe sponsorship I can confirm that you will pay back the £23000 through a reduction in your salary. On top of this you will also have to additionally sign the FlyBe NON REDUCING three year bond. This is in the form of an addtional loan from 'Barclays' which you pay each month and then Flybe will reimburse your paypacket to the equivelant amount. So if you leave you will be liable for both the outstanding balance on your sponsorship agreement and the remainder of your bond. The only advantage to this scheme is that it is a job. No one I know has had to wait more than a few weeks to start with FlyBe, but you will have to stay for the full five years or you will be paying through the nose to get out.
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This is a really tough one isn't it? On one hand it is a job at the end of the day but then five years is a long time to be stuck somewhere if your ambitions are to fly heavier metal and move onto jets.
There have been numerous threads in terms and endearment over the years about the inner goings on at Flybe and the high staff turnover. To me this scheme seems like an attempt to buy loyalty from staff by locking you in. I can't see that they are really underwriting any substantial portion of the training costs so surely the legality of the lock in period could be on shaky grounds in anycase but that is an aside.
As we all know the aviation sector moves in cycles and at the moment it has never been a better time for the TP guys and gals to move up to bigger stuff and enjoy the benefits of higher pay hopefully along the way. Being locked in though would preclude you from being able to jump ship should you feel the need so I would tread carefully with this. Perhaps for the younger peeps then this deal is a goer but those older might well find otherwise.
There have been numerous threads in terms and endearment over the years about the inner goings on at Flybe and the high staff turnover. To me this scheme seems like an attempt to buy loyalty from staff by locking you in. I can't see that they are really underwriting any substantial portion of the training costs so surely the legality of the lock in period could be on shaky grounds in anycase but that is an aside.
As we all know the aviation sector moves in cycles and at the moment it has never been a better time for the TP guys and gals to move up to bigger stuff and enjoy the benefits of higher pay hopefully along the way. Being locked in though would preclude you from being able to jump ship should you feel the need so I would tread carefully with this. Perhaps for the younger peeps then this deal is a goer but those older might well find otherwise.
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Sorry for any assumptions I've made about this but I have yet to receive the application pack hence why I was asking for information. I still think I'm going to go with it, my ambitions don't really go beyond that of a regional carrier and I have a particular soft-spot for the Dash 8. 
I REALLY SHOULDN'T BE HERE
Originally Posted by Rapha_BA
we'll walk into the job if there are vacancies at the time
SR
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2pence worth
Just to recap then - you pay for your training and then you pay for your type rating but are garunteed a job at the end of it with a garunteed salary for a turbo-prop (a nice one though) - if there's space???
I didn't sign any contracts - paid for my training and now looking for jobs in a market where most airlines will pay your TR on a bond and give you a salary. Sure I wasn't garunteed a job at the beginning but in today's climate surely the risk is the same if not less than the one you're taking here??
The TP I used are now placing to Fybe (amongst others)and Flybe give you a 13k bond for 3 years.
I didn't sign any contracts - paid for my training and now looking for jobs in a market where most airlines will pay your TR on a bond and give you a salary. Sure I wasn't garunteed a job at the beginning but in today's climate surely the risk is the same if not less than the one you're taking here??
The TP I used are now placing to Fybe (amongst others)and Flybe give you a 13k bond for 3 years.
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Yeah that is pretty much it. Another way of looking at it is you pay for your own training, then go to somewhere like CTC and get a type rating and hey presto a job at the end but the difference is no 5 year bond. And you will invariably be flying a jet with the (usually) higher annual salary.
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To all future Flybe Pilots:
Just one thing to say:
Please please carry on taking loans and pay these 40K or 60K or whatever...
I am just a very selfish traveller and enjoys my next holidays to France for only £75.00 return, without you it would be impossible, thank you so much again!!
Cheers!! and happy flying!!
Please please carry on taking loans and pay these 40K or 60K or whatever...
I am just a very selfish traveller and enjoys my next holidays to France for only £75.00 return, without you it would be impossible, thank you so much again!!
Cheers!! and happy flying!!
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The more you think of it the more it makes that Mytravel scheme where you fly for free and pay for a type rating and can get binned after the summer season is over sound like a great deal. At least you will have quite a few hours in an A320/321
Whereas 5 years stuck on a Dash 8 praying for a switch to the jungle jets that they keep on dangling and earning under £30k a year for the priviledge might be a bridge to far.
http://www.pilotjobsnetwork.com/fact...77vx83y576n6eg
Whereas 5 years stuck on a Dash 8 praying for a switch to the jungle jets that they keep on dangling and earning under £30k a year for the priviledge might be a bridge to far.http://www.pilotjobsnetwork.com/fact...77vx83y576n6eg