$100K type rating bond???
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Join Date: Jun 2023
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$100K type rating bond???
Hi fellow aviators, I had an interview with FlyPelican for a first officer position on the Jetstream 32 aircraft in NSW.
I was told on my phone screening that the training bond is approximately $95,000 over two years pro rata. I assume per the award I'd be liable for 50% of that so around 47k? Correct me if I'm wrong.
This appears to be an incredibly excessive amount of money for a type rating that is only useful at one operation in oz but would it be worth it for the hours in the logbook (told its 900hrs/yr) and then move on once the two years is up?
Any other info on the company and working environment roster etc would be greatly appreciated.
I was told on my phone screening that the training bond is approximately $95,000 over two years pro rata. I assume per the award I'd be liable for 50% of that so around 47k? Correct me if I'm wrong.
This appears to be an incredibly excessive amount of money for a type rating that is only useful at one operation in oz but would it be worth it for the hours in the logbook (told its 900hrs/yr) and then move on once the two years is up?
Any other info on the company and working environment roster etc would be greatly appreciated.
Seriously, that does not sound like a training bond but rather an insurance policy against not finding pilots to crew their aircraft
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Nope, sounds like they want to bond you for the whole lot, and reduce it pro-rata over the 2 years. The Award requirement limits them to bonding you for half the cost... and if it costs $200k to train someone on a gulfstream they are doing something wrong or someone is getting one hell of a kickback.
That is a really bad deal, and I would not even consider it a genuine offer given the current demand for pilots in the industry.
That is a really bad deal, and I would not even consider it a genuine offer given the current demand for pilots in the industry.
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Is there a J32 simulator in Australia? If not, it probably includes the cost of international travel and hotel stay for the duration of the type rating course, including those of the check and training captain who may have to come along to tick the boxes.
$100k sounds mighty excessive, the norm (for jets anyway) was always around 30k.
Depending where you are coming from experience wise it might not be a problem in practice. I mean, if you have only 500hrs on joining then you're unlikley to be going anwhere vastly greener inside two years anyway.
You could always turn it down and spend a few more months waiting for something else when you could have otherwise been a decent way through serving the bond.
Depending where you are coming from experience wise it might not be a problem in practice. I mean, if you have only 500hrs on joining then you're unlikley to be going anwhere vastly greener inside two years anyway.
You could always turn it down and spend a few more months waiting for something else when you could have otherwise been a decent way through serving the bond.
Think the system is broken .
It’s a big country , the economy depends on aviation , Billions of dollars invested in regional Australia , tourists coming back , population growing and planes sitting on the ground, while managment try to find someone willing to fly their plane that will give them a bonus .
Watch the states to see where it will go for us .
It’s a big country , the economy depends on aviation , Billions of dollars invested in regional Australia , tourists coming back , population growing and planes sitting on the ground, while managment try to find someone willing to fly their plane that will give them a bonus .
Watch the states to see where it will go for us .
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$100k sounds mighty excessive, the norm (for jets anyway) was always around 30k.
Depending where you are coming from experience wise it might not be a problem in practice. I mean, if you have only 500hrs on joining then you're unlikley to be going anwhere vastly greener inside two years anyway.
You could always turn it down and spend a few more months waiting for something else when you could have otherwise been a decent way through serving the bond.
Depending where you are coming from experience wise it might not be a problem in practice. I mean, if you have only 500hrs on joining then you're unlikley to be going anwhere vastly greener inside two years anyway.
You could always turn it down and spend a few more months waiting for something else when you could have otherwise been a decent way through serving the bond.
Simply a data point for what is being charged these days.
Regardless of the value of the bond, just say for longer than 2 years and the bond will disappear, it would be different if you had to pay the money up front.
Easy was to get the MCC and ATPL flight test done to if you need it, which can be a headache from some if they need to pay for it out of their own pocket.
As far as the company goes, it was great about 20 years ago although they didn’t have the J32s then. Good lifestyle and easy flying although they were only doing PEL/WLM - SYD back then. Pay wasn’t to bad either for the work we did and Newcastle is a great place to live.
Easy was to get the MCC and ATPL flight test done to if you need it, which can be a headache from some if they need to pay for it out of their own pocket.
As far as the company goes, it was great about 20 years ago although they didn’t have the J32s then. Good lifestyle and easy flying although they were only doing PEL/WLM - SYD back then. Pay wasn’t to bad either for the work we did and Newcastle is a great place to live.
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flightsafety is charging $97k usd for an initial PIC GVII rating with the monopoly they have on the type right now.
Simply a data point for what is being charged these days.
Simply a data point for what is being charged these days.
At the end of the day if you are inexperienced it’s probably not terrible if you spend your 2 years. The trap of course is missing a hiring boom at a Regional or QF because of your bond.
I got this info from a mate that was employed by them.
"They do all of their type ratings/ipc/atpl flight tests etc in an actual aircraft, no legal requirement for a sim as it's only a 19 seater. Expect to work max flight and duty if employed with a salary based on 38 hour weeks but generally you're working the limits of the regs for award pay. FO around 55K and Capt approx 79K"
That is likely where the excessive cost is coming from.
"They do all of their type ratings/ipc/atpl flight tests etc in an actual aircraft, no legal requirement for a sim as it's only a 19 seater. Expect to work max flight and duty if employed with a salary based on 38 hour weeks but generally you're working the limits of the regs for award pay. FO around 55K and Capt approx 79K"
That is likely where the excessive cost is coming from.
Whatever you do, don’t commit to anything that you can’t honour if you think there is even the slightest chance of a change in your circumstances
I got this info from a mate that was employed by them.
"They do all of their type ratings/ipc/atpl flight tests etc in an actual aircraft, no legal requirement for a sim as it's only a 19 seater. Expect to work max flight and duty if employed with a salary based on 38 hour weeks but generally you're working the limits of the regs for award pay. FO around 55K and Capt approx 79K"
That is likely where the excessive cost is coming from.
"They do all of their type ratings/ipc/atpl flight tests etc in an actual aircraft, no legal requirement for a sim as it's only a 19 seater. Expect to work max flight and duty if employed with a salary based on 38 hour weeks but generally you're working the limits of the regs for award pay. FO around 55K and Capt approx 79K"
That is likely where the excessive cost is coming from.
and 10 hours dual in a J 32 for
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