Monarch MPL with CTC.
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Monarch MPL with CTC.
Hi Everyone,
I stumbled across this, just now.
Monarch Wings | CTC Wings
Seems like these MPL schemes are getting very popular.
I stumbled across this, just now.
Monarch Wings | CTC Wings
Seems like these MPL schemes are getting very popular.
Last edited by L0wFly3r; 31st Oct 2011 at 12:19.
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Good on MON for getting Involved in ab-initio trg. Let's hope it's a full commitment and not just a advertising gimic by getting involved in flexi-screw! Contracting FOs!
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It says that in October 2011 8 students were pre-selected for a "Monarch Wings" course. Never heard of that one. This MPL is supposed to start in December, ambitious considering it is already November in Sydney.
Monarch is losing cash and received a £75m cash injection from the Mantegazza family only last week - however given its gatwick and luton slot portfolio and its route network and fleet it could be very attractive for easyJet to snap up, as was GB Airways.
Monarch is losing cash and received a £75m cash injection from the Mantegazza family only last week - however given its gatwick and luton slot portfolio and its route network and fleet it could be very attractive for easyJet to snap up, as was GB Airways.
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I would advice applicants to think twice
However it should also be pointed out that the company is a private company owned by the 354th richest individual on the planet. It has also made a profit that has contributed to that wealth for 41 out of the last 43 years.
Industry and general economic changes are causing a reversal of cashflow, with inward investment being made to ensure that the company adapts to meet the foreseeable challenges of the next four decades.
apparent financial weakness.
This scheme is a confirmation and evolution of a programme that has already been in place between these two companies for over 15 years.
easyJet won't buy Monarch. Gatwick is strong enough now and the fleet alone is enough to put anyone off. GB's fleet made the transition relatively easy. Carolyn has enough 
from Stellios over expansion without taking over another airline.
from Stellios over expansion without taking over another airline.
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It says that in October 2011 8 students were pre-selected for a "Monarch Wings" course. Never heard of that one. This MPL is supposed to start in December, ambitious considering it is already November in Sydney.
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If Monarch were perhaps running at a lose or finances uncertain and they are taking CTC MPL's. Perhaps do some research into them. You would not want to find they no longer take those MPL recruits at the end of training with CTC. It could be harder to get a job in that situation with the MPL initially.
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Interesting point byturbine100.
Wonder if this is what prompted his post:
Downturn throws MPL pilots on scrapheap
Wonder if this is what prompted his post:
Downturn throws MPL pilots on scrapheap
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I'm considering the MPL and thought it was worth noting:
Easyjet pretax losses (2011 Half Year Results) £153m.
2011 Half Year Results
Whilst for BA, IAG (BA) pretax profit €39m (compared to a loss of €419m for the same period in 2010). IAG announces half-year profits - Business Traveller
I think it's possible to read what you want into this.
I might be naive but I would think that the accountants at Monarch would be looking at ways to increase future revenue, so a cadet scheme seems like an affordable option (cheaper than experienced pilots).
Easyjet pretax losses (2011 Half Year Results) £153m.
2011 Half Year Results
Whilst for BA, IAG (BA) pretax profit €39m (compared to a loss of €419m for the same period in 2010). IAG announces half-year profits - Business Traveller
I think it's possible to read what you want into this.
I might be naive but I would think that the accountants at Monarch would be looking at ways to increase future revenue, so a cadet scheme seems like an affordable option (cheaper than experienced pilots).
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I guess the point might not be the profit / loss, but if you end up not joining that operator after completing your MPL, how easy will be to get join another operator or perhaps the cost of the training to able to fly single pilot. Always good to have a plan B.
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"I'm not sure what your point is. easyJet are expecting to post profits of £240m this year."
My point, if any, is that on paper BA are the only 'sure thing' based on financial results at the moment, BUT you would have to have a very short memory not to recall the last decade. 'Expecting' is also an intersting word - a lot is going on in Europe at the moment. I hope they do reach their targets. It would be good for all the industry.
Ok, so there are no such things as 'sure things' but in terms of financial backing Monarch's pedigree seems equal to easyjet, yet no one's questioning easyjet's commitments to their MPL cadets. I'm not suggesting that it should be doubted either.
You would need a crystal ball to predict whether the market will pick-up, or at least continue the need for MPL cadets. However an opportunity to bypass the cadet pool, or not to put all of one's eggs in the flexicrew basket is very tempting. It doesn't increase the FTO's training capacity in fact it ties up more expensive sim time. The MPL is more expensive.
I can't see any decent FTO ditching MPL students in the event of the mentoring airline going under. However I would expect the FTO to pass the cost of any additional training back on to the student in order to return to the fATPL scheme (but that's just my hunch).
My point, if any, is that on paper BA are the only 'sure thing' based on financial results at the moment, BUT you would have to have a very short memory not to recall the last decade. 'Expecting' is also an intersting word - a lot is going on in Europe at the moment. I hope they do reach their targets. It would be good for all the industry.
Ok, so there are no such things as 'sure things' but in terms of financial backing Monarch's pedigree seems equal to easyjet, yet no one's questioning easyjet's commitments to their MPL cadets. I'm not suggesting that it should be doubted either.
You would need a crystal ball to predict whether the market will pick-up, or at least continue the need for MPL cadets. However an opportunity to bypass the cadet pool, or not to put all of one's eggs in the flexicrew basket is very tempting. It doesn't increase the FTO's training capacity in fact it ties up more expensive sim time. The MPL is more expensive.
I can't see any decent FTO ditching MPL students in the event of the mentoring airline going under. However I would expect the FTO to pass the cost of any additional training back on to the student in order to return to the fATPL scheme (but that's just my hunch).
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It is interesting, that nobody Knew anything about this scheme. I mean how did the selected candidates find out?? 
Unlike other operators who are doing the MPLs, you saw it all in the magazines. etc.
Unlike other operators who are doing the MPLs, you saw it all in the magazines. etc.
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Well I assume that this was offered to candidates already starting in December on the wings course, but as to how they were selected from that group, I do not know.
Was never going to be offered to anyone else, there simply was/is not enough time! Lucky 6 eh!!!
Was never going to be offered to anyone else, there simply was/is not enough time! Lucky 6 eh!!!
Last edited by golball59; 16th Nov 2011 at 21:40.
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I 'believe', of the 30 or so starting in December, I don't 'think' the actual selection of the lucky 6 has been made yet. If I had to 'guess', I 'imagine' they will be internally intwerviewing asap.
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Monarch now officially smaller than Jet2.
Steer clear of MPL if you want freedom of choice in your early career flying and wider employment possibilities worldwide. Frozen ATPL makes more sense unless you get into BA.
Steer clear of MPL if you want freedom of choice in your early career flying and wider employment possibilities worldwide. Frozen ATPL makes more sense unless you get into BA.
