BA Future Pilot Programme (FPP)(Merged)
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Post. Special delivery. Well I've already got my class 1 so need to find out if I can get it renewed over there or best here. Think it needs renewing in Apr. I imagine they'll send out contracts and dates in courses starting with the earliest dates.
Join Date: May 2001
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Why do you need to get it renewed until you are in the position to apply for your CPL/IR? It will have a date on it for class 2 priverlages.
O and remember if you want to fly Single engine aircraft you need to get someone to fill out the paper work for a SEP class rating test. Then submit it when you apply for the whole lot. Otherwise you will come out with just CPL/IR and MEP on it.
O and remember if you want to fly Single engine aircraft you need to get someone to fill out the paper work for a SEP class rating test. Then submit it when you apply for the whole lot. Otherwise you will come out with just CPL/IR and MEP on it.
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BA have asked for Class 1s to be done asap (unless you hold one) and then if it expires you'd have to head to Gatwick again I presume, and do the full whack as opposed to the renewal at less than half the cost.
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Check that, you don't need it until you apply for your license.
The getting the intial can be a bit of a ball ache but after that, getting it renewed is a relatively simple process that BA will have company doctors for.
I can't see any reason why you would have to go back to Gatwick if you already hold one.
I wouldn't be suprised if you could get it done at the BA pre employment medical.
The getting the intial can be a bit of a ball ache but after that, getting it renewed is a relatively simple process that BA will have company doctors for.
I can't see any reason why you would have to go back to Gatwick if you already hold one.
I wouldn't be suprised if you could get it done at the BA pre employment medical.
Join Date: Jan 2005
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If I were you I'd just keep your class 1 certificate valid. It's certainly not worth arguing with BA about - the "keep your head down and get on with it" mantra serves well at flying school. If they've asked you to do something, just do it!
On top of that its probably a good idea to make sure you haven't developed any undiagnosed problems since your last exam... particularly just before you spend £85,000 on flying training. I know a couple of pour souls who out of the blue tested positive for diabetes and its a show stopper. Obviously unlikely but seems like a sensible precaution to me.
Mad jock is right that you don't need to renew the Class 1 at Gatwick - you can do it at any authorised AME. BA Health services will renew it for free but only after you have starting working for BA.. it does not form part of the pre-employment screening (which these days is just a paper based medical questionnaire).
Congrats to all those who got in... enjoy the training!
On top of that its probably a good idea to make sure you haven't developed any undiagnosed problems since your last exam... particularly just before you spend £85,000 on flying training. I know a couple of pour souls who out of the blue tested positive for diabetes and its a show stopper. Obviously unlikely but seems like a sensible precaution to me.
Mad jock is right that you don't need to renew the Class 1 at Gatwick - you can do it at any authorised AME. BA Health services will renew it for free but only after you have starting working for BA.. it does not form part of the pre-employment screening (which these days is just a paper based medical questionnaire).
Congrats to all those who got in... enjoy the training!
Join Date: Jan 2010
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Fate Hunter - Forgive me if this sounds ignorant. I have done some calculations myself however, and mine are somewhat add odds with yours.
The partner bank is of course BBVA - as specified on the FAQ portion of the BA FPP website.
In your spreadsheet you have entered an interest free period of 24 months. It is my understanding that with BBVA loans there is an 18 month (24 months for the FPP) payment holiday window, but interest is still accrued during that time.
Do you know something different?
The partner bank is of course BBVA - as specified on the FAQ portion of the BA FPP website.
In your spreadsheet you have entered an interest free period of 24 months. It is my understanding that with BBVA loans there is an 18 month (24 months for the FPP) payment holiday window, but interest is still accrued during that time.
Do you know something different?
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that interest would accrue during the interest-free period typically
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Out of interest have you based the interest on a secured loan? I don't know why but 3.6 or 3.9% on top of base rate rings a bell for an unsecured option in the presentation. Someone might remember better than I do?
Join Date: Dec 2011
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Repayments
Hello everyone.
Sorry to stick my head above the parapet, but I'm wrestling with the finances (as a number of users appear to be) and wondered if anyone is in the same boat.
I can fund myself through the 18 months of training, taking the BBVA loan of at least £84k, but then when it comes to beginning work with BA and starting the repayments, I will have so little left to take home each month for rent, bills, food etc that I'm really not sure I can afford to do this. I have no access to any other funds (parents etc) so what I save now and borrow during the course is all I've got.
I've had to assume a number of things in my calculations, and used FateHunter's spreadsheet for the loan repayments (@ £84k, interest at 3.9% above base rate), but I come out as having a take-home of approx £1,100 per month after making repayments. I have based this on receiving a £22k salary, £8k flying and duty pay and £12k return of the bond paid to APL. But having spoken to a Senior FO in the company, he reckons you have to spend about a third to a half of your flying pay when 'down route' on meals and general living costs, and that's without going mad.
Have I over-estimated this or are others realising the same sort of thing? Anyone got some words of wisdom or is it a case of 'if you want it badly enough you'll have to make do, sunshine'?
Sorry to stick my head above the parapet, but I'm wrestling with the finances (as a number of users appear to be) and wondered if anyone is in the same boat.
I can fund myself through the 18 months of training, taking the BBVA loan of at least £84k, but then when it comes to beginning work with BA and starting the repayments, I will have so little left to take home each month for rent, bills, food etc that I'm really not sure I can afford to do this. I have no access to any other funds (parents etc) so what I save now and borrow during the course is all I've got.
I've had to assume a number of things in my calculations, and used FateHunter's spreadsheet for the loan repayments (@ £84k, interest at 3.9% above base rate), but I come out as having a take-home of approx £1,100 per month after making repayments. I have based this on receiving a £22k salary, £8k flying and duty pay and £12k return of the bond paid to APL. But having spoken to a Senior FO in the company, he reckons you have to spend about a third to a half of your flying pay when 'down route' on meals and general living costs, and that's without going mad.
Have I over-estimated this or are others realising the same sort of thing? Anyone got some words of wisdom or is it a case of 'if you want it badly enough you'll have to make do, sunshine'?
Is the "senior FO" you spoke to a long haul pilot? On long haul you do spend quite a bit more of your allowances but since you would be joining a shorthaul fleet your down route expenditure will be much less.
Last edited by Megaton; 19th Dec 2011 at 13:02.
Nuts...
he reckons you have to spend about a third to a half of your flying pay when 'down route' on meals and general living costs, and that's without going mad.
As a Long Hauler I'd say I probably spend most of the duty pay ("allowances" in old terminology) on most trips - which of course is what it's designed for and is certainly where the taxman thinks it is spent..
. That leaves you with your flying hour pay to spend or save as you see fit. All in all I'd say the proportions you're working on are fairly reasonable, however the spend/save proportion may be different in short haul - anyone care to comment?(Edited to add: Beaten to the punch by Ham P.....and of course there's also the option of Delsey dining
)
Last edited by wiggy; 19th Dec 2011 at 11:43.
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So...any CTC/OAA people got any post/emails yet?
On another (slightly more controversial) note, I recall reference being made on the DEP thread (a few pages ago now; can't find the exact post) that the FPP pilots were going to be signed up to a different set of T's&C's, that over the long term would end up costing the company a lot less [than the DEP pilots / current pilots]. My memory isn't quite what it used to be, so please don't take that as an exact quote.
Certainly the pay scales (and I would imagine pension...) will be 'not quite as good as in the golden days' but I was wondering if any of our insider friends on PPRuNe might have some more specifics?
Those in the know, feel free to shoot me down, if my memory has failed me! Posting in the spirit of trying to get some information, rather than start a ruckus
On another (slightly more controversial) note, I recall reference being made on the DEP thread (a few pages ago now; can't find the exact post) that the FPP pilots were going to be signed up to a different set of T's&C's, that over the long term would end up costing the company a lot less [than the DEP pilots / current pilots]. My memory isn't quite what it used to be, so please don't take that as an exact quote.
Certainly the pay scales (and I would imagine pension...) will be 'not quite as good as in the golden days' but I was wondering if any of our insider friends on PPRuNe might have some more specifics?
Those in the know, feel free to shoot me down, if my memory has failed me! Posting in the spirit of trying to get some information, rather than start a ruckus
Join Date: Dec 2011
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Fate Hunter: thanks for the excellent spreadsheet - no-one will complain to the FSA if your formulae aren't perfect 
Regarding budgeting for loan repayments, the first year with BA is likely to require some serious thriftiness, but don't forget that from year 2 onwards the salary will start to increase at a reassuring rate.
As Fate Hunter said, do plan for different interest rate scenarios. Futures markets are currently implying that it will be 2015 before the Bank of England starts to raise rates, but they could be wrong and rates could rise sooner - especially if by some miracle we avoid a second recession.
Anyone heard from OAA or CTC regarding their start date yet?
Regarding budgeting for loan repayments, the first year with BA is likely to require some serious thriftiness, but don't forget that from year 2 onwards the salary will start to increase at a reassuring rate.
As Fate Hunter said, do plan for different interest rate scenarios. Futures markets are currently implying that it will be 2015 before the Bank of England starts to raise rates, but they could be wrong and rates could rise sooner - especially if by some miracle we avoid a second recession.
Anyone heard from OAA or CTC regarding their start date yet?
(I applied to FTE)