Airline Bonds
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Join Date: Jan 2001
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Airline Bonds
Can anyone shed any light on the bonds airlines ask for? Having looked at the Ryan Air and EasyJet websites, it looks as if you have to cough up up front. Do all the airlines do this now (BA, Air 2Bob, Britannia, etc)?
Join Date: Mar 1999
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No.
Ryanair (and one or two Shorts 330 operators) are the only ones that make you front with the cash.
Easy have packaged their buy-a-type-rating scheme as a 'deposit' which you lodge with them, albeit you don't have to find the money yourself because they arrange the finance, and then they repay this deposit to you at the rate of £5000 per annum. Unfortunately for us and conveniently for them, they have also dropped their base salary by £5000 for guys on the scheme.
'Most' other reputable operators still bond their pilots for type rating training rather than demanding cash up front.
It remains to be seen how long this situation continues, with every other star struck 200-hour wannabe now offering to buy themselves jet ratings etc
. My opinion is it will go the way the MCC did a few years ago, MCC training was always the company's responsiblity until a few bright w*nkers with too much money went and bought them, the airlines saw an opportunity and now you can't get a look in anywhere unless you've got one of the damn things.
Ryanair (and one or two Shorts 330 operators) are the only ones that make you front with the cash.
Easy have packaged their buy-a-type-rating scheme as a 'deposit' which you lodge with them, albeit you don't have to find the money yourself because they arrange the finance, and then they repay this deposit to you at the rate of £5000 per annum. Unfortunately for us and conveniently for them, they have also dropped their base salary by £5000 for guys on the scheme.
'Most' other reputable operators still bond their pilots for type rating training rather than demanding cash up front.
It remains to be seen how long this situation continues, with every other star struck 200-hour wannabe now offering to buy themselves jet ratings etc
. My opinion is it will go the way the MCC did a few years ago, MCC training was always the company's responsiblity until a few bright w*nkers with too much money went and bought them, the airlines saw an opportunity and now you can't get a look in anywhere unless you've got one of the damn things.
Luke,
Tis a shame I agree, but market forces and all that. One small point about the introduction of the MCC, some of the blame I'm sure should be levied at the providers under the label 'drumbing up more business'.
S
Tis a shame I agree, but market forces and all that. One small point about the introduction of the MCC, some of the blame I'm sure should be levied at the providers under the label 'drumbing up more business'.
S
Join Date: Apr 2003
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hiya,
if you wish to fly for EZY or TCX they run training operations through CTC McAlpine. These people require you to put down £60,000 once you have been accepted for training. They have an arrangement with a "high street bank" and can arrange finance. You then work at a reduced salary for 7 years, i think, to repay your debt...
if you wish to fly for EZY or TCX they run training operations through CTC McAlpine. These people require you to put down £60,000 once you have been accepted for training. They have an arrangement with a "high street bank" and can arrange finance. You then work at a reduced salary for 7 years, i think, to repay your debt...
