The CTC Wings (Cadets) Thread - Part 2.
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Haven't read this thread for a bit but was surprised to see someone go to the trouble of laying bare the flexicrew deal - well done FlexPower.
And then within 3 posts someone is asking whether the CTC Maths test is multiple choice and a few more later, adulation about how impressive the new A320 sim is! Priceless!
Lambs to the slaughter.
When do EZ take delivery of their last airframe by the way? And for that matter, FR??
And then within 3 posts someone is asking whether the CTC Maths test is multiple choice and a few more later, adulation about how impressive the new A320 sim is! Priceless!
Lambs to the slaughter.
When do EZ take delivery of their last airframe by the way? And for that matter, FR??
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Hi,
Does anyone know the best way to pay $21,000NZD for the foundation course?
It should be around £10,600 at the current exchange rate but even xe.com which claims to be "much better than the banks" quotes £13,559 to get $21,000NZD.....which I wasn't expecting at all. The post office can do a moneygram for £11,200 +£400 fees.....which still isn't great.
I'm waiting on a a quote from hifx......
Any tips would be appreciated. Thanks
Does anyone know the best way to pay $21,000NZD for the foundation course?
It should be around £10,600 at the current exchange rate but even xe.com which claims to be "much better than the banks" quotes £13,559 to get $21,000NZD.....which I wasn't expecting at all. The post office can do a moneygram for £11,200 +£400 fees.....which still isn't great.
I'm waiting on a a quote from hifx......
Any tips would be appreciated. Thanks
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The Foundation Course is delivered by CTC Aviation Training (NZ) Limited and the price is currently NZ$33,900 (Approximately £17,000).
You are required to pay this prior to commencement of your flight training in New Zealand. Any unused flying hours during the Foundation Course will be repaid to you pro-rata.
NZ$ 21,000 was the old price!!!
You are required to pay this prior to commencement of your flight training in New Zealand. Any unused flying hours during the Foundation Course will be repaid to you pro-rata.
NZ$ 21,000 was the old price!!!
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119.35
I agree wholeheartedly with FlexPower's post and think that it should be read by everyone thinking of training at CTC.
However you must realise that there aren't many options out there at the moment. Some people have spent years researching where to train and decided that CTC is the place. Everyone has different needs, goals and backgrounds and for some CTC is the best option.
Personally I would love to go the modular route, get experience in different countries and then build up my hours bush flying. But this isn't an option for me because I don't have the finance. For me with my finances, qualifications, needs and wants I think CTC is the best place to train. This doesn't mean it's the best place for everyone, but it is for me.
I agree wholeheartedly with FlexPower's post and think that it should be read by everyone thinking of training at CTC.
However you must realise that there aren't many options out there at the moment. Some people have spent years researching where to train and decided that CTC is the place. Everyone has different needs, goals and backgrounds and for some CTC is the best option.
Personally I would love to go the modular route, get experience in different countries and then build up my hours bush flying. But this isn't an option for me because I don't have the finance. For me with my finances, qualifications, needs and wants I think CTC is the best place to train. This doesn't mean it's the best place for everyone, but it is for me.
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thank you for your concern future pilot however i am already on the course and the price is $21,000NZD (which is the price I signed up for)....I have to pay it very soon.
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It should be around £10,600 at the current exchange rate but even xe.com which claims to be "much better than the banks" quotes £13,559 to get $21,000NZD.....which I wasn't expecting at all.
i am already on the course and the price is $21,000NZD (which is the price I signed up for)....I have to pay it very soon.
Lambs to the slaughter
PrestonPilot, I cant recommend Currency Conversion and Exchange Rates | Transfer Money with UKForex enough. Totally reliable and quick, couldn't find it cheaper anywhere else. I used the Post Office for my initial transfer but whilst I was out in NZ I used ukforex for any additional requirements.
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Highland Kilt,
this is exactly what i'm doing isn't it?????????
thanks giggitygiggity, think i'm going with hifx since their exchange rate is less than £100 more than the real exchange rate.
this is exactly what i'm doing isn't it?????????
thanks giggitygiggity, think i'm going with hifx since their exchange rate is less than £100 more than the real exchange rate.
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i am already on the course
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Just as a point of interest the 'foundation course' when I did it 6 years ago was about £4000 - it's a PPL basically. And now they're charging 33000 NZD?!!?!?! Are you mental. IT'S A PPL!!!!! EDIT: I see that it includes the ATPLs now which it didn't back then - £2140 at BGS as an individual!
Look at the rate it's increasing - from someone currently on the course it's 21000 NZD and someone enquiring now its 33000 NZD. Before we jump to unfair conclusions, what has changed? I'm only quoting whats been said here. No matter how much I wanted to train I could not accept that.
As for the course prices and exchange rates - ours were all agreed and paid in GBP. They are taking advantage of the strong NZD too I see - at your expense.
Look at the rate it's increasing - from someone currently on the course it's 21000 NZD and someone enquiring now its 33000 NZD. Before we jump to unfair conclusions, what has changed? I'm only quoting whats been said here. No matter how much I wanted to train I could not accept that.
As for the course prices and exchange rates - ours were all agreed and paid in GBP. They are taking advantage of the strong NZD too I see - at your expense.
Last edited by BlackandBrown; 12th Nov 2012 at 08:55.
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highland kilt, you are what is wrong with this forum.
I know the deal yes, flexicrew is the likely deal but a friend of mine in the hold pool has just got monarch full contract and others got qatar back in May. I know that isn't likely but flexicrew will work out fine for me as a starting place.
Yes it doesn't work for everyone but you have no clue about anything about me or my financial situation.
thanks again for your concern though.
I know the deal yes, flexicrew is the likely deal but a friend of mine in the hold pool has just got monarch full contract and others got qatar back in May. I know that isn't likely but flexicrew will work out fine for me as a starting place.
Yes it doesn't work for everyone but you have no clue about anything about me or my financial situation.
thanks again for your concern though.
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Anybody starting at CTC now that is unattached to an airline is going to be sitting in a hold pool for a very, very, VERY long time.
Thanks
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Because there are no jobs!
In addition 24 new cadets are starting type rating training (also paid by the airline) in the new year. Although that is when the warranty on my crystal ball expires, I understand the plans are to continue much in the same vein for the forseeable future.
So it isn't a case of "there are no jobs" because clearly there are! It is a case of being in the right place at the right time when those jobs arise. Timing is a very difficult thing to predict, but being in the right place has more of a skill element to it.
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Ok, i'll accept that (allowing for your connection with a training provider!). Thats 45 places. How many "cadets", or newbie CPL/IRs qualified in the same time period, best part of 1000.
Not a bad gamle with £100k of your parents money.
Not a bad gamle with £100k of your parents money.
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No, newbie "CPL/IR's" are not generally "cadets" until they are placed on a relevant cadet programme. "best part of a 1000" I don't have precise numbers, but I understood it to be around 20- 24 every couple of months. That would be about 260 "ish" annually? That makes the odds look a bit prettier I guess. Not forgetting, this is just one employer being considered. There are a few, all of whom have differing requirements and offer different terms.
Presumably, you mean the airlines connection?
Of the loan repayment schedules that have been shown to me by the cadets themselves, I have yet to see one anywhere near that figure. The average has been closer to the £80,000 mark, with total course costs (living etc. around £85,000.) Of course this is when (as in this example) there are no type rating costs for the candidate, which would then add another sizeable chunk.
Of the above sums, around 10% was repaid to the placed cadet in cash for subsistance support (over and above what the airline paid by way of allowances,) for the placement period. The base salary (excluding allowances and overtime) for those cadets now on full time employment contracts, represents about 23 months earnings. That should enable the debt to be sensibly repaid in around 5-7 years on tax advantageous terms.
Yes, it is a gamble, and yes these are still eyewatering sums of money. However if you want to be "in the right place," you could make significantly worse choices!
(allowing for your connection with a training provider!).
Not a bad gamle with £100k of your parents money.
Of the above sums, around 10% was repaid to the placed cadet in cash for subsistance support (over and above what the airline paid by way of allowances,) for the placement period. The base salary (excluding allowances and overtime) for those cadets now on full time employment contracts, represents about 23 months earnings. That should enable the debt to be sensibly repaid in around 5-7 years on tax advantageous terms.
Yes, it is a gamble, and yes these are still eyewatering sums of money. However if you want to be "in the right place," you could make significantly worse choices!