£60,000 - £70,000 debt? WORTH IT?
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Re: £60,000 - £70,000 debt? WORTH IT?
Thanks for all of your replies. It has been most helpful.
My plan of action i think is to stay in my job which i have lots of spare time with) start my ppl asap. Then sign up for the bristol ground school work bloody hard, then hour build until i am ready to start CPL, IR etc.
Anyone rekon this is a good/ bad idea?
Thanks again to everyone for taking the time to reply.
My plan of action i think is to stay in my job which i have lots of spare time with) start my ppl asap. Then sign up for the bristol ground school work bloody hard, then hour build until i am ready to start CPL, IR etc.
Anyone rekon this is a good/ bad idea?
Thanks again to everyone for taking the time to reply.
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Re: £60,000 - £70,000 debt? WORTH IT?
Hi Chaps and Chapes'ss,
Not done this before, but quite interesting reading all your views./
Im 40, yep 40, and just about in the position to start my ATPL GS, got my PPl some years ago, have a good job paying £70k+ a year, but cant get flying for a living out of my head. Mates of mne fly for various airlines, passenger and cargo, and are all very encouraging, seems tome that its an industry about who you know andf all that with regards to getting a job and so on, abit like the one Im in now really! But the question Id like to put to you people in the know, If I was fully qualified, low hours with maybe a 73/A320 type rating, at the ripe old age of 41, would I get a job? Do you know any older starters such as myself?
Not done this before, but quite interesting reading all your views./
Im 40, yep 40, and just about in the position to start my ATPL GS, got my PPl some years ago, have a good job paying £70k+ a year, but cant get flying for a living out of my head. Mates of mne fly for various airlines, passenger and cargo, and are all very encouraging, seems tome that its an industry about who you know andf all that with regards to getting a job and so on, abit like the one Im in now really! But the question Id like to put to you people in the know, If I was fully qualified, low hours with maybe a 73/A320 type rating, at the ripe old age of 41, would I get a job? Do you know any older starters such as myself?
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Re: £60,000 - £70,000 debt? WORTH IT?
Originally Posted by lensman
Hi Chaps and Chapes'ss,
Not done this before, but quite interesting reading all your views./
Im 40, yep 40, and just about in the position to start my ATPL GS, got my PPl some years ago, have a good job paying £70k+ a year, but cant get flying for a living out of my head. Mates of mne fly for various airlines, passenger and cargo, and are all very encouraging, seems tome that its an industry about who you know andf all that with regards to getting a job and so on, abit like the one Im in now really! But the question Id like to put to you people in the know, If I was fully qualified, low hours with maybe a 73/A320 type rating, at the ripe old age of 41, would I get a job? Do you know any older starters such as myself?
Not done this before, but quite interesting reading all your views./
Im 40, yep 40, and just about in the position to start my ATPL GS, got my PPl some years ago, have a good job paying £70k+ a year, but cant get flying for a living out of my head. Mates of mne fly for various airlines, passenger and cargo, and are all very encouraging, seems tome that its an industry about who you know andf all that with regards to getting a job and so on, abit like the one Im in now really! But the question Id like to put to you people in the know, If I was fully qualified, low hours with maybe a 73/A320 type rating, at the ripe old age of 41, would I get a job? Do you know any older starters such as myself?
Hope this may be of some help,
Jonathan
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Re: £60,000 - £70,000 debt? WORTH IT?
ive just renewed my class 1 medical and my ame told me he had a guy come in for his medical and he started training and got a job straight away in a 737 at age 52
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Re: £60,000 - £70,000 debt? WORTH IT?
Fish out of water says:
.
http://www.pprune.org/forums/showthread.php?t=204624
The above thread on bankrupcy may temper some of the more enthusiastic such as 'Fish'.
Most people are impressed by the career I will agree - but how impressed they are depends an whether they are stacking shelves at Tescos or earning (literally) million pound bonuses in the city and doing things with their spare time I am extremely jealous of!
It's a no brainer - that amount of debt for a lifetime career that's the envy of all your mates!
The initial investment seems a lot but if you offset it against potential earnings then that cost is minimal
The initial investment seems a lot but if you offset it against potential earnings then that cost is minimal
http://www.pprune.org/forums/showthread.php?t=204624
The above thread on bankrupcy may temper some of the more enthusiastic such as 'Fish'.
Most people are impressed by the career I will agree - but how impressed they are depends an whether they are stacking shelves at Tescos or earning (literally) million pound bonuses in the city and doing things with their spare time I am extremely jealous of!
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Re: £60,000 - £70,000 debt? WORTH IT?
Originally Posted by lensman
Just read that, not too good a read, but Ive got perfect eyes, fitness and contacts within the airlines, still a no goer?
Jonathan
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Re: £60,000 - £70,000 debt? WORTH IT?
Lensman,
I can't really answer your question, and I do know it will certainly be more difficult to get the job (and in some airlines impossible), but with your income you have already beaten the hurdle that strikes down most of us. If I was in your shoes I'd just go for it - if at the end of the day you can't get an airline job, so long as you arn't in debt from the course, then I don't think it would actually be badly spent money.
I know that probably sounds crazy, but the process of getting an ATPL and the potential options it opens would be a hell of an experience. If you aren't ending up in massive amounts of debt as a result it can't really be considered a terrible move (unless of course you can think of better things to spend the money on
)
As I understand turboprop jobs may be easier to come by at your age, and are arguably closer to the concept of flying than your 737/A320 jobs are.
I can't really answer your question, and I do know it will certainly be more difficult to get the job (and in some airlines impossible), but with your income you have already beaten the hurdle that strikes down most of us. If I was in your shoes I'd just go for it - if at the end of the day you can't get an airline job, so long as you arn't in debt from the course, then I don't think it would actually be badly spent money.
I know that probably sounds crazy, but the process of getting an ATPL and the potential options it opens would be a hell of an experience. If you aren't ending up in massive amounts of debt as a result it can't really be considered a terrible move (unless of course you can think of better things to spend the money on
)As I understand turboprop jobs may be easier to come by at your age, and are arguably closer to the concept of flying than your 737/A320 jobs are.
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Re: £60,000 - £70,000 debt? WORTH IT?
Originally Posted by Ropey Pilot
Most people are impressed by the career I will agree - but how impressed they are depends an whether they are stacking shelves at Tescos or earning (literally) million pound bonuses in the city and doing things with their spare time I am extremely jealous of!
I fail to see any justification in these million dollar bonuses - if I had a pension plan for instance I'd like to know how these big corporates are able to sponsor F1 teams and are not re-investing profits back to us who have our futures invested with them - rant over, phew.
As to whether 60-70k is worth it, you only have one life to lead so enjoy it as much as you. In my case I realised after a good deal of soul searching what I wanted to do a year ago I want to get qualified as fast as possible and give myself the best chance of getting a job that is commensurate with my ability and skills.
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Re: £60,000 - £70,000 debt? WORTH IT?
Originally Posted by ask26
As to whether 60-70k is worth it, you only have one life to lead so enjoy it as much as you.
If that 60k-70k gamble pays off (i.e. F/O, Jet) then you will probably be doing what you love and enjoying life.
On the other hand, if that 60K-70K never lands you in that right-hand seat then, short of declaring yourself bankrupt, you could be facing 20 years of absolute misery with nothing to show for it - and those 20 years can coincide with what are supposed to be the best years of your life.
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Re: £60,000 - £70,000 debt? WORTH IT?
When its an employers market you have to choose the right trainning provider and this doesnt mean the best. Certain trainnig providers will carry far more weight on your CV than others even though their trainning maybe substandard compared to many. This is likely to be the biggest purchase of your life that will have no resale value, dont get it wrong!
