British Airways Future Pilot Programme.
Join Date: Nov 2011
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I thought it was the 31st as well! On the finance side, although 9% would be a bit of a shock, the Bank of England doesn't look like it's going to do anything drastic with the rates for quite some time so we should start off fairly easily. I'm the same with the assessment, as always there were good parts and, ah, less good parts!
Join Date: Dec 2013
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On the CTC Wings thread a few people have said that BA want more cadets to join from the CTC pool. So maybe they are assessing the "graduated" CTC Cadets until Monday using the same process / methodology as they did for us?
I agree that 5% is unlikely in next year or two, however the loan term is for 9 years which will surely cover a whole economic cycle. So I think it is very likely that interest rates will be above 4% for a portion of the 9 years.
Looking at the shiny Oxford Finance Brochure ( http://www.caeoaa.com/uploadedFiles/...20brochure.pdf ) , BBVA will provide finance at base rate plus 3%, but that requires equity on a property..
I suspect the 3.9% rate is a result of having a "non investment grade" credit rating (ie rated as junk). Lets hope its not paying that much on the finance for its A380's!
I agree that 5% is unlikely in next year or two, however the loan term is for 9 years which will surely cover a whole economic cycle. So I think it is very likely that interest rates will be above 4% for a portion of the 9 years.
Looking at the shiny Oxford Finance Brochure ( http://www.caeoaa.com/uploadedFiles/...20brochure.pdf ) , BBVA will provide finance at base rate plus 3%, but that requires equity on a property..
I suspect the 3.9% rate is a result of having a "non investment grade" credit rating (ie rated as junk). Lets hope its not paying that much on the finance for its A380's!
Join Date: Feb 2014
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CTC are interviewing their own cadets prior to sending those successful onward for BA assessment at LHR. The chosen ones will then have to self fund a airbus type rating at £22,000 through CTC before they can join BA. The same rating costs £10,000 if the decide to join EZY through CTC, but I guess there is a different pay structure at the end.
Over the years BA has always recruited external cadets from the various flying colleges when short on numbers, but paying for your own rating is, if true, a new one.
Only what I heard...
Over the years BA has always recruited external cadets from the various flying colleges when short on numbers, but paying for your own rating is, if true, a new one.
Only what I heard...
Join Date: Dec 2012
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Verbal and Numerical Reasoning Tests.
Does anybody have any idea at all of the mark required to pass the NR and VR tests at waterside or does anybody know how they calculate the score? I do wonder whether certain parts of the assessment day carry more weight than other parts...
Join Date: Apr 2014
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BA are currently short on the SH Airbus fleet and are asking Captains to volunteer as RHS operators for the summer. Some of this is due to delivery slippage of some of the new toys. The FOs online (A320) are expecting a very busy summer schedule.
Good luck to those applying.
Good luck to those applying.
Join Date: Dec 2013
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That’s interesting, I wonder if British Airways classes them as a cadets or first officers.
Ie the benefit of getting on the future pilot program is that you get your training paid back and a free type rating, at the expense of a reduced salary for the first few years vs what a non FPP first officer (ie a direct entry pilot) would get paid.
But if they are paying for their type rating and not getting their training repaid, then in theory they should get a higher salary than a FPP cadet?
ETFlyer, I'm guessing they would want you to be at least in the top half or more likely the top third of all people that take that test. That wouldn't just be pilots, it would be for all industries that use the test. I think you have to pass all areas of assessment, but I suspect there would be a strong bias towards doing well in the Interview (and to a lesser extent the group exercises)
Ie the benefit of getting on the future pilot program is that you get your training paid back and a free type rating, at the expense of a reduced salary for the first few years vs what a non FPP first officer (ie a direct entry pilot) would get paid.
But if they are paying for their type rating and not getting their training repaid, then in theory they should get a higher salary than a FPP cadet?
ETFlyer, I'm guessing they would want you to be at least in the top half or more likely the top third of all people that take that test. That wouldn't just be pilots, it would be for all industries that use the test. I think you have to pass all areas of assessment, but I suspect there would be a strong bias towards doing well in the Interview (and to a lesser extent the group exercises)
Join Date: Oct 2011
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But if they are paying for their type rating and not getting their training repaid
IMO any cadets taken from CTC should either be employed on the same terms as FPP cadets (ie, they get free type and bond repayment but lower salary), or DEP pilots (free type, full salary). Alternatively if BA are short, why don't they give the people that dropped out of the hold pool a year or so back a ring? Or offer some of the GSS 747 guys losing their jobs due to the loss of the BA Cargo contract an interview? That would be a decent thing to do
As far as I am aware the CTC guys are signing the exact same FPP contracts as those on the FPP from the beginning. The only difference is that they had a lot smaller bond to start with than that FPP guys did, which is why they have to pay some up front now (if they pass interview/selelction - it's not just a free ticket in!). If any pass then they will be on the same pay scheme as the original FPP cadets.
Join Date: Dec 2013
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I just checked and the CTC Wings Course cost is almost exactly the same as the Future Pilot Cost (89k). However those selected from the start as a Future Pilot get their type rating cost included.
So the guys that started on the CTC Wings course will start at BA with 20k more debt, by paying for their type rating. Maybe I have missed something..
BA has some very aggressive profit targets to meet, so maybe taking cheaper cadets and making them pay for their type rating will help them meet these targets.
So the guys that started on the CTC Wings course will start at BA with 20k more debt, by paying for their type rating. Maybe I have missed something..
BA has some very aggressive profit targets to meet, so maybe taking cheaper cadets and making them pay for their type rating will help them meet these targets.
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...so maybe taking cheaper cadets and making them pay for their type rating will help them meet these targets.
And clearly BA greatly values investing in excellent pilot recruits. If they wanted to make huge savings on recruitment then they wouldn't have one of the best cadet recruitment programmes in the world.
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Security bond on CTC Wings is £69000 (Finance and Pilot Training costs | CTC Wings)
Those selected from CTC to enter BA will need to top up their bond to the £84000 which all other FPP cadets paid. So who would argue with paying c£25000 but getting their £84000 bond repaid back over 7 years? Oh...and a job with BA. It's not a case of paying for the JOC and TR, its just a case of bringing the financing in line with the FPP contract from what I understand. Seems like a cracking deal to me.
Pay the same to fly orange and get initially £1200pm and no contract or fly BA for over £4000pm before loan repayments. Let me think about that...
Those selected from CTC to enter BA will need to top up their bond to the £84000 which all other FPP cadets paid. So who would argue with paying c£25000 but getting their £84000 bond repaid back over 7 years? Oh...and a job with BA. It's not a case of paying for the JOC and TR, its just a case of bringing the financing in line with the FPP contract from what I understand. Seems like a cracking deal to me.
Pay the same to fly orange and get initially £1200pm and no contract or fly BA for over £4000pm before loan repayments. Let me think about that...
Join Date: Dec 2013
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I'm quite relaxed about it actually. Don't forget that Lindsay said that it might be they are not ready on the 11th (but will send an email with a new timetable), so your refreshing will continue for longer..
I know the day didn't go perfectly, so I know what I have to work on for my next sponsored cadet application process. Having seen the finances in depth, I think another year of savings wouldn't be a bad thing.
If I don't make the cut, the hardest thing about tomorrow will be deciding whether to apply to the Easyjet MPL or not. Which boils down to whether my ambitions are to be a long haul Captain based in London or a short haul Captain based in London or elsewhere. My gut instinct is that you could have a better quality of life in the regions. (sure you could commute with BA, but that would impact on the quality of life)
Good luck guys and girls..
I know the day didn't go perfectly, so I know what I have to work on for my next sponsored cadet application process. Having seen the finances in depth, I think another year of savings wouldn't be a bad thing.
If I don't make the cut, the hardest thing about tomorrow will be deciding whether to apply to the Easyjet MPL or not. Which boils down to whether my ambitions are to be a long haul Captain based in London or a short haul Captain based in London or elsewhere. My gut instinct is that you could have a better quality of life in the regions. (sure you could commute with BA, but that would impact on the quality of life)
Good luck guys and girls..