Mega Merged: REX Recruitment/Cadetship and Working for REX

[ViceSergal]

Originally Posted by MagnumPI

Or, does the $80,000 'reduce' over than 7 years - like an imaginary repayment/amortisation schedule?

Pretty much like this, interest accrues at the ATO benchmark interest rate for that year. At 7.77%, just as an assuming, cadet's pay 110k through the loan repayments over the 7 years. Wage is deducted to pay for your loan after tax.

Additionally, you have a 25k training bond that accrues at the ATO benchmark rate too, so for the first two years your loan actually goes UP. It's roughly 43k held as a bond by the end of the 7 years, which REx'll then make you stop being liable for after that 7 years.

Essentially, if you leave before ~4 years, you're paying about 91k back to REx on your last day of employment

[Climb150]

You are right Chuq. Stay well away from QGPA unless you want a massive HELP debt. Don't be in a hurry for REX it will happen when it happens.

[autopilot11]

Stay right away from REX, its really not worth it, you become a slave to them, and they get off on that (bunch of sicko's really). There are many other avenues much better for someone keen on being a pilot. Give instructing or "up north" a go, you'll be better for it.

[Bugsy1]

Everyone has their opinions as we should all be entitled to, it's always great to hear everyone's perspectives but especially past experiences. There's only a few places I would recommend newcomers based on my personal experience and of those who I know personally quite well. I would absolutely recommend the REX program they are running down at Wagga, think of it like becoming a doctor a few years of hard work and "low" pay will reap you the rewards with experience and better pay when the time comes to jump ship or fly across the pond.

[KRUSTY 34]

I was never directly involved with the Cadetship, but I spent a decade flying with the finished product. Despite what you may think of REX, and more to the point REX Management (you will find that out yourself in due course), the quality of the graduated men and women were top class. Putting aside some of the criticisms, I reckon it's an excellent leg up into what has always been a very tough game.

One thing that amused me though, was one biproduct of REX's fairly demanding selection criteria. This led to an intelligent and well-motivated junior pilot group who in the end were unwilling to take the proverbial pineapple once they had graduated. One major factor in starting the Cadetship in the first place was sold to the board as a means to cultivate pilots who were essentially "Company" people. Candidates were even required to write a letter declaring their fealty to the company above all else. Didn't quite pan out that one. In fact, I reckon they're still scratching their heads about it to this day.

We had a standing anecdote at the Federation. We knew when there was a Cadet graduation at REX, because our membership would suddenly spike!

[Ladloy]

The company is on the verge of collapse. If it were to go under, I'm sure the administrators would be very motivated to reclaim some of the cadet debt to pay other bills.

[nomess]

I don’t know if this is new but it appears they have engaged Rishworth to try to hire Captains.

[43Inches]

Originally Posted by nomess

I don’t know if this is new but it appears they have engaged Rishworth to try to hire Captains.

All I can say is stay well away from Rex. The company culture nose dived after Covid, let alone the fact they are still in administration. I know a few ex crew that are looking at legal action vs the company for how they were treated in the last few years, which is nothing new as it's been going on for a long time. There is a toxic reporting culture and too many egos, one of those places where you can barely trust anyone. I feel for the few good crew still there. The days of enjoyable flying, just having to put up with tyrannical management has long gone with basically the whole job being in the dumpster.

[Zumba in the street]

Originally Posted by KRUSTY 34

Despite what you may think of REX, and more to the point REX Management (you will find that out yourself in due course), the quality of the graduated men and women were top class.

Literally top of the class!!! Top class, every single one of them.

I still laugh at us direct entry captains scraping through with 80% on Nifty's 28,000 page PowerPoint systems exams and each cadet getting 100%.

The cadets having to write a pledge and then the associated "hazing" by weeding around the pool at AAPA on Saturday mornings and doing their "chores" with that Singaporean creeper on camera from his Nassim Road mansion I'll take to the grave. A sight to behold.

You don't know what you don't know I guess.

[KRUSTY 34]

Originally Posted by Zumba in the street

Literally top of the class!!! Top class, every single one of them.

I still laugh at us direct entry captains scraping through with 80% on Nifty's 28,000 page PowerPoint systems exams and each cadet getting 100%.

The cadets having to write a pledge and then the associated "hazing" by weeding around the pool at AAPA on Saturday mornings and doing their "chores" with that Singaporean creeper on camera from his Nassim Road mansion I'll take to the grave. A sight to behold.

You don't know what you don't know I guess.

Yup, a fairly tough and demeaning (by design) process aimed in their twisted narcissistic little minds to whip the newbie into compliance. ESAD dickheads, it didn’t work.