CTC cadet vs. OAT/Netjets
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CTC cadet vs. OAT/Netjets
I recently got into both the CTC scheme and the OAT Netjets one. This is a choice between two good things but I wanted to hear your thoughts nonetheless on pros/cons and what you would consider for choosing.
I was impressed by both schools and I do like very much both types of flying (scheduled vs. unscheduled).
Pick your favorite
Thx!
I was impressed by both schools and I do like very much both types of flying (scheduled vs. unscheduled).
Pick your favorite
Thx!
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I think Netjets pay is higher compared to the CTC airlines (not sure about it). However, don't forget what a/c you will be flying for both. You prefer flying a A320 or citation bravo?
PPRuNe Handmaiden
What do you want to do?
Both have their pros and cons.
I currently work for Netjets Europe so naturally I am biased.
My husband works for easyJet and is envious of the flying I do.
Both have their pros and cons.
I currently work for Netjets Europe so naturally I am biased.
My husband works for easyJet and is envious of the flying I do.
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I do have a favorite one but I would not reveal it yet 
CTC seems to have a better financial deal overall for the training (slightly lower course cost, unsecured loan, guaranteed by CTC up to 30k).
NetJets seems also not to be as favorable tax-wise unless you are based in the UK....as a F/O I understand you would be paying up to 36% taxes and contributions, higher than what you would normally pay in that income bracket (pt_flyer do you have better info on that?)
NetJets has a nice basing policy and very nice variety of flying and destinations
I may want to fly big airliners at some point in my career....
If I am wrong on anything, or missed anything, go ahead and shoot
thx all for your input
CTC seems to have a better financial deal overall for the training (slightly lower course cost, unsecured loan, guaranteed by CTC up to 30k).
NetJets seems also not to be as favorable tax-wise unless you are based in the UK....as a F/O I understand you would be paying up to 36% taxes and contributions, higher than what you would normally pay in that income bracket (pt_flyer do you have better info on that?)
NetJets has a nice basing policy and very nice variety of flying and destinations
I may want to fly big airliners at some point in my career....
If I am wrong on anything, or missed anything, go ahead and shoot
thx all for your input
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Not knowing the intricacies of the OAT/NJ scheme, at first glance it looks to me like your bet is safer at CTC - if in 12-18 months time if (when?) the much talked about recession hits and NJ don't need as many pilots as they thought (eg Tfly and FTE), will OAT do anything to help you find employment with an alternative airline? And if bizjets are your thing, there's nothing to stop you doing that out of CTC, who's to say they won't have a bizjet partner airline by then? Keep your options open, I reckon just about the only thing you can be sure of in aviation is that it will all be different in 18 months.
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In today's economic climate, you should give some thought to which route might be more likely to lead to the intended FO position if recession hits in the next few years. Who is more likely to fly less in hard times, Holiday makers or multi-millionaires?
Perhaps Redsnail can offer a bit of info on whether the NetJets owner is locked in with a long term contract or not and what that means in a downturn.
Perhaps Redsnail can offer a bit of info on whether the NetJets owner is locked in with a long term contract or not and what that means in a downturn.
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yes, you guys are right the economy is a very relevant variable
my gut feeling on it is that scheduled and charter airlines would be hit the hardest by a downturn
netjets, as i understand it, runs either 2 or 5 year contracts with its clients paid upfront...may be off on this though
let me throw in one more piece of discussion...i just spoke to an airline captain who said I will feel like flying bigger airliners one day if i first went the biz jet route....he had a strong pick for CTC
my gut feeling on it is that scheduled and charter airlines would be hit the hardest by a downturn
netjets, as i understand it, runs either 2 or 5 year contracts with its clients paid upfront...may be off on this though
let me throw in one more piece of discussion...i just spoke to an airline captain who said I will feel like flying bigger airliners one day if i first went the biz jet route....he had a strong pick for CTC
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There is an advantage that nobody has mentioned yet, CTC has placed every cadet (that has passed the course) with an airline, however, you do not enter the course sponsored by any airline, in contrast OAT are placing you under Netjets from day one, so provided you pass the course you are guaranteed a job.
I am currently in New Zealand with CTC and I am fairly optimistic about my future but having an airline behind my back from day one would make me feel a bit better (and scared, under pressure, etc...)
I am currently in New Zealand with CTC and I am fairly optimistic about my future but having an airline behind my back from day one would make me feel a bit better (and scared, under pressure, etc...)
PPRuNe Handmaiden
The CTC course is very thorough and the cadets do stand a very good chance of being employed.
From the CTC Wings.
It is worth thoroughly researching both schemes. If you get a job with eg easyJet you'll certainly do a lot more hours than someone with Netjets. However, a Netjets cadet doesn't have the 6 months on £1000/per month deal and then maybe a contract of employment.
At the moment, the CTC cadets have been employed full time post training which is great for them. However, as other posters have acknowledged, the economy is slowing down a bit and this may affect future hirings.
Some info on Netjets Europe.
Profits and aircraft order.
During this 6 month line training and experience period you will be paid a subsistence allowance from CTC of about £1000p.m. It will only be on completion of that period, when you have proved to the airline that you are "the right stuff" and that you have reached all the proficiency levels required, that you may be offered full time employme
It is worth thoroughly researching both schemes. If you get a job with eg easyJet you'll certainly do a lot more hours than someone with Netjets. However, a Netjets cadet doesn't have the 6 months on £1000/per month deal and then maybe a contract of employment.
At the moment, the CTC cadets have been employed full time post training which is great for them. However, as other posters have acknowledged, the economy is slowing down a bit and this may affect future hirings.
Some info on Netjets Europe.
Profits and aircraft order.
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wow, it took me a while to get back here w/ the server busy
anyway, thx folks for all the input, it's all very relevant information
my take on CTC is that, while they do not formally have an employment contract at the end, they still provide you with an unsecured loan (OAT does not) and they underwrite a good part of it.....to me that signifies the security w/ CTC is still as high as you can get in the industry
let me give one more spin to CTC vs. OAT. There is a chance i may be interested in moving to the US at some point down the road...would NJ make it for a smoother transition? I mean does it happen that NJ europe pilots go work for NJ USA?
anyway, thx folks for all the input, it's all very relevant information
my take on CTC is that, while they do not formally have an employment contract at the end, they still provide you with an unsecured loan (OAT does not) and they underwrite a good part of it.....to me that signifies the security w/ CTC is still as high as you can get in the industry
let me give one more spin to CTC vs. OAT. There is a chance i may be interested in moving to the US at some point down the road...would NJ make it for a smoother transition? I mean does it happen that NJ europe pilots go work for NJ USA?
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IMHO you have a decision here that needs to be made on the basis of what lifestyle will best suit, with possibly some consideration of future needs/plans overlaid.
NJE will see you doing different work to that of a CTC airline (unless of course NJE get into bed with them too
). I'm not saying either is better or worse - just that you need to be very clear which lifestyle will suit you best, because they are very different. Suggest looking at some of the many NJE threads in the Bizjet section
At the end of the day you are in a very privileged position
, loser like me only had the one offer!
NJE will see you doing different work to that of a CTC airline (unless of course NJE get into bed with them too
). I'm not saying either is better or worse - just that you need to be very clear which lifestyle will suit you best, because they are very different. Suggest looking at some of the many NJE threads in the Bizjet sectionAt the end of the day you are in a very privileged position
, loser like me only had the one offer!
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I can only say what i have heard from pilots who fly with CTC FOs.
They go on a placemebt with the airline for 6 months where (apparently) they do not receive pay.
At the end of the 6months they do not have a guaranteed job with the airline..
Again only what I heard for a skipper who looked into it for me.
They go on a placemebt with the airline for 6 months where (apparently) they do not receive pay.
At the end of the 6months they do not have a guaranteed job with the airline..
Again only what I heard for a skipper who looked into it for me.
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With Netjets I think as long as you do really well and excel at everything you are actually garanteed a job as they are looking to recruit a lot of pilots between now and 2012 (I think is the year). You do have to bare in mind that that is a secured loan whereas CTC isn't.
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SaintExupery,
You list your location as US and if that's true, you might not be eligible for either loan, as HSBC usually requires 3 years UK residency. I am not sure if that rule applies with CTC. Before you put financing on the list of pros vs. cons for either FTO, I would suggest seeing if you qualify for both loans.
If you qualify for the CTC loan and can't swing the OAT one, then the decision is already made for you unless you have other financing options. There are other banks that do such loans, so perhaps financing options should not be so critical in the decision process.
Which company did not lay off pilots after 9/11? I would say that's the one least likely to lay any off if there is another recession and for a hint, their airplanes aren't orange.
I think the best quality decision you can make though would be to pick the lifestyle you like the best, as that's what you have to stick with after the loan is done and dusted.
You list your location as US and if that's true, you might not be eligible for either loan, as HSBC usually requires 3 years UK residency. I am not sure if that rule applies with CTC. Before you put financing on the list of pros vs. cons for either FTO, I would suggest seeing if you qualify for both loans.
If you qualify for the CTC loan and can't swing the OAT one, then the decision is already made for you unless you have other financing options. There are other banks that do such loans, so perhaps financing options should not be so critical in the decision process.
Which company did not lay off pilots after 9/11? I would say that's the one least likely to lay any off if there is another recession and for a hint, their airplanes aren't orange.
I think the best quality decision you can make though would be to pick the lifestyle you like the best, as that's what you have to stick with after the loan is done and dusted.
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If you don't qualify for the loans you can get your own loan in the US. It is a lot easier to get a loan in the US then in Europe.
Saint - check this
http://www.pilotjobsnetwork.com/oper...php?reg=Europe
It shows you a pretty good picture of the airlines probable to employ you and NJE.
Saint - check this
http://www.pilotjobsnetwork.com/oper...php?reg=Europe
It shows you a pretty good picture of the airlines probable to employ you and NJE.
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Let me guess.... you drive a bus
.. ...you won't catch me loading the pax bags.ta ra!
T