Type Ratings: Who bonds? Who wants upfront?
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In greece, olympic air bonds for two years for the Q400. Aegean airlines used to do none of the two, just recently have they started saying that type rating is prefered.
I think the way airlines think has changed over the past few years. Most airlines will just ask for type rated pilots if the operate popular types of aircraft. Otherwise they just ask you to pay up front. EZY and RYR are two very specific cases.. Ryanair have large rapid needs for pilots and they found that there are enough candidates willing to fork up the money up front, nice and warm. EZY used to have the TRSS which if im not mistaken gave secured loans to the pilots, which they had to pay back tax free as long as they worked for the airline. Ever since the economy went downward they used the desperation of young pilots to feed their seasonal needs of pilots. Its a fair deal if you ask me, but thats what the airline needs. Dont forget that all these type rating schemes differ from country to country. In some countries the laws state that professional training is tax free for aviation. So no VAT is added to professional training. Finally, everything has to do with supply and demand. In some airlines, the requirments and the target market for pilots simply do not allow them to be so picky and ask for money up front..
I think the way airlines think has changed over the past few years. Most airlines will just ask for type rated pilots if the operate popular types of aircraft. Otherwise they just ask you to pay up front. EZY and RYR are two very specific cases.. Ryanair have large rapid needs for pilots and they found that there are enough candidates willing to fork up the money up front, nice and warm. EZY used to have the TRSS which if im not mistaken gave secured loans to the pilots, which they had to pay back tax free as long as they worked for the airline. Ever since the economy went downward they used the desperation of young pilots to feed their seasonal needs of pilots. Its a fair deal if you ask me, but thats what the airline needs. Dont forget that all these type rating schemes differ from country to country. In some countries the laws state that professional training is tax free for aviation. So no VAT is added to professional training. Finally, everything has to do with supply and demand. In some airlines, the requirments and the target market for pilots simply do not allow them to be so picky and ask for money up front..
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Type Ratings: Who bonds? Who wants upfront?
I was wondering whether people were willing to list airlines they know of and their TR habits in terms of payment.
The only two I know are Easyjet and Ryanair. They both want their payments upfront.
Those airlines that do require a self funded TR do many opt for the bonding system? i.e. Working on a reduced salary for 'X' years.
Thanks in advance.
The only two I know are Easyjet and Ryanair. They both want their payments upfront.
Those airlines that do require a self funded TR do many opt for the bonding system? i.e. Working on a reduced salary for 'X' years.
Thanks in advance.
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Wizz Air - Career Opportunities
under the section "A320 type rating" it says that you can either choose the self funding option through an approved TR school or the Wizzair subsidised TR which is subject to a service bond. But i don't know anything about the length of the bond, salary during that period etc.
Not too long ago they were offering fully sponsored Type ratings to low houred pilots. Unfortunately at this moment of time they require at least 1500hrs even for pilots with no A320 TR
under the section "A320 type rating" it says that you can either choose the self funding option through an approved TR school or the Wizzair subsidised TR which is subject to a service bond. But i don't know anything about the length of the bond, salary during that period etc.
Not too long ago they were offering fully sponsored Type ratings to low houred pilots. Unfortunately at this moment of time they require at least 1500hrs even for pilots with no A320 TR
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I imagine that some of the ones that used to offer fully paid TR that are now self funded will never go back anyway.
Why pay for a TR for someone when there are people willing to do it themselves. I suppose at the point when places are running low on low experience pilots. That'll be the day!
Why pay for a TR for someone when there are people willing to do it themselves. I suppose at the point when places are running low on low experience pilots. That'll be the day!
