Ok, I'm seriously worried now.. DOWNTURN
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Ok, I'm seriously worried now.. DOWNTURN
Hi All,
Forgive me for the severity of the heading but I'm seriously worried about my proposed training path due to the previous DOWNTURN thread.
My Story:
Self funding,31,married, no kids, moving to the UK in April to start full time modular,Wife understanding and willing to move but 'slightly' worried abt current market situation. The funding of this will come from re-mortgaging a rental property to abt 90% of its value.
My question's:
1)Should I wait 6/12mths+ to start. I appreciate I can get the PPL and ATPL theory out of the way before christmas and then review or should I just hold fire completely and wait until the start of '08 ?
2) Should I head for the U.S. instead and do a modular plus F.I. add on to bring me up to 1,000hrs.... Opinions appreciated...
This, ultimately is a decision that WILL affect the rest of my life, please feel free to voice your opinion be it negative or positive.
Thank you and keep up the good work...
T.M.
Forgive me for the severity of the heading but I'm seriously worried about my proposed training path due to the previous DOWNTURN thread.
My Story:
Self funding,31,married, no kids, moving to the UK in April to start full time modular,Wife understanding and willing to move but 'slightly' worried abt current market situation. The funding of this will come from re-mortgaging a rental property to abt 90% of its value.
My question's:
1)Should I wait 6/12mths+ to start. I appreciate I can get the PPL and ATPL theory out of the way before christmas and then review or should I just hold fire completely and wait until the start of '08 ?
2) Should I head for the U.S. instead and do a modular plus F.I. add on to bring me up to 1,000hrs.... Opinions appreciated...
This, ultimately is a decision that WILL affect the rest of my life, please feel free to voice your opinion be it negative or positive.
Thank you and keep up the good work...
T.M.
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N.A.
DO NOT AND I REPEAT DO NOT turn this thread into a sales pitch for your FTO.As I said this is my future not a sales opportunity for you. Please do not respond to ANYTHING on MY thread.
T.M.
DO NOT AND I REPEAT DO NOT turn this thread into a sales pitch for your FTO.As I said this is my future not a sales opportunity for you. Please do not respond to ANYTHING on MY thread.
T.M.
I the PPL and Atpl exams this year then assess. I would say more but I,m snorkelling off shark point right now and half way through lunch...
WWW
WWW
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same boat
Hi, am in the same boat as you, am looking at starting my full ATPL,s in 3 mouths, I am going over to the US. my house in on the market this will pay for my training. I will just going out there to get my FAA PPL and some hours and then take my JAA ATPL,s ground school. As this is valid for bit. And if the job market looks good then do the rest. Or go down the root of full integrated in western Australia, as I have family that work for Qantas in oz and MAY help the cv to the top of the pile. I know that there is a big difference in price, from my two options.
This is how I fell. But I may wrong.
This is how I fell. But I may wrong.
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Market panic !
The way that I see it is the European economy is basicly sound but as always the stock market panics at the slightet thing.
One reason for this is that the traders are making money by moving stock around and as long as the market is moving they are making money.
The downturn in UK property prices is long overdue, the constant increase has been fueled by the UK's obsession with owning a house, endless property makeover programs on the TV and the estate agents trying to keep the market moving. Prices had to stop and stablize and as long as you don't want to move and can make the payments the "negitive equity" is not an issue as it will go away in 18 months.
At the moment I don't see Joe public going without his week in the sun he will just put off the new car for a year if required.
The advice from the Welshman is basicly sound, but remember if you can get into an airline at the start of the upturn you will be so much better places when the next downturn comes along so don't delay for too long.
One reason for this is that the traders are making money by moving stock around and as long as the market is moving they are making money.
The downturn in UK property prices is long overdue, the constant increase has been fueled by the UK's obsession with owning a house, endless property makeover programs on the TV and the estate agents trying to keep the market moving. Prices had to stop and stablize and as long as you don't want to move and can make the payments the "negitive equity" is not an issue as it will go away in 18 months.
At the moment I don't see Joe public going without his week in the sun he will just put off the new car for a year if required.
The advice from the Welshman is basicly sound, but remember if you can get into an airline at the start of the upturn you will be so much better places when the next downturn comes along so don't delay for too long.
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WWW I've got to get me one of those waterproof laptop thingys Cool
Trevor, The previous thread on the downturn kind of says it all really. Its all about research, contacts etc. Its always a risk and you have to listen to everybody, including Nichibel.
Good Luck
Trevor, The previous thread on the downturn kind of says it all really. Its all about research, contacts etc. Its always a risk and you have to listen to everybody, including Nichibel.
Good Luck
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Just go for it and forefill your dream. No one on this site have a nice clear crystal ball they can look into to predict what`s going to happen in the next few years.
I`m also 31 starting up this summer.
I`m also 31 starting up this summer.
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You have to ask yourself; Would you rather have a licence during a downturn, or not have a licence when it picks up again?
I had to make that decision after 9/11 and decided I was much better off with a licence, than without. . . .
Get the licence out of the way, go back to work somewhere else in the interim, then at least you'll be ready to go armed with a CV saying 'Yes, I've got a licence'
No company in the world is gonna look at you if you're without a licence or in the process of getting one. . . .
I had to make that decision after 9/11 and decided I was much better off with a licence, than without. . . .
Get the licence out of the way, go back to work somewhere else in the interim, then at least you'll be ready to go armed with a CV saying 'Yes, I've got a licence'
No company in the world is gonna look at you if you're without a licence or in the process of getting one. . . .
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Trevor,
I'm in the same situation as you only a few years younger and minus the wife.
I'm looking to do my class1 medical in May and take 4 weeks off work in June to get my PPL done in the UK (B-F-C). I'll start my ATPL exams at the end of the summer and hopefully finish them by the start of the summer of '09. I'll assess my cash flow / pilot employment / our economic status and then make my decision on what else to do.
I'll either continue with plan 'A' ... MEP+IR & CPL.
or
Plan 'B' ... CPL & FI (cheaper option and a better chance of landing a job), then get my MEP+IR & MCC done two years after, I'll have over 1,000hrs instructing and probably over 1,200hrs TT.
Good luck.
I'm in the same situation as you only a few years younger and minus the wife.
I'm looking to do my class1 medical in May and take 4 weeks off work in June to get my PPL done in the UK (B-F-C). I'll start my ATPL exams at the end of the summer and hopefully finish them by the start of the summer of '09. I'll assess my cash flow / pilot employment / our economic status and then make my decision on what else to do.
I'll either continue with plan 'A' ... MEP+IR & CPL.
or
Plan 'B' ... CPL & FI (cheaper option and a better chance of landing a job), then get my MEP+IR & MCC done two years after, I'll have over 1,000hrs instructing and probably over 1,200hrs TT.
Good luck.
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Plan 'B' ... CPL & FI (cheaper option and a better chance of landing a job), then get my MEP+IR & MCC done two years after, I'll have over 1,000hrs instructing and probably over 1,200hrs TT.
Ok back to the day job, shuffling paper around the desk whilst secretly studying groundschool on the computer!
Good Luck.
MFWF
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Just go for it and forefill your dream. No one on this site have a nice clear crystal ball they can look into to predict what`s going to happen in the next few years.
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I have a PPL and am currently studying for my APTL's with CATS.
My plan is USA later in the year.
You can worry put things of, play it safe, whatever, but at the end of the day I know this is what I am meant to do.
The worst case senario is that after selling our house to fund my training, myself, wife and three children will have to rent for a while. life will go on, I may be an unemployed pilot, but I WILL have that license.
I may have to work a while part time instructing, I may have to pay for the privilage of hiring a plane to keep current. But there are many things in life worse than being broke, ask anyone who is serously ill.
Life is short, I intend to enjoy it, fly it and be pilot, no money worries or possible downturn is going to stop me in that goal!
regards D-G
My plan is USA later in the year.
You can worry put things of, play it safe, whatever, but at the end of the day I know this is what I am meant to do.
The worst case senario is that after selling our house to fund my training, myself, wife and three children will have to rent for a while. life will go on, I may be an unemployed pilot, but I WILL have that license.
I may have to work a while part time instructing, I may have to pay for the privilage of hiring a plane to keep current. But there are many things in life worse than being broke, ask anyone who is serously ill.
Life is short, I intend to enjoy it, fly it and be pilot, no money worries or possible downturn is going to stop me in that goal!
regards D-G
Last edited by Dane-Ger; 8th Feb 2008 at 19:56.
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Dear Trevor,
A big part of "students" on this forum are not more than disguised flight school employees submitting beautiful stuff about their schools.
I'm a flight school employee but I'm not disguised and I repeat again, I don't sell JAA courses.
Why don't you consider an FTO in your own country instead of moving the entire company to the UK?
The UK is one of the most expensive aviation countries in Europe. Add to that living costs are very expensive there.
So what's the country you are living in now?
And what's your budget?
I'm happy to help.
A big part of "students" on this forum are not more than disguised flight school employees submitting beautiful stuff about their schools.
I'm a flight school employee but I'm not disguised and I repeat again, I don't sell JAA courses.
Why don't you consider an FTO in your own country instead of moving the entire company to the UK?
The UK is one of the most expensive aviation countries in Europe. Add to that living costs are very expensive there.
So what's the country you are living in now?
And what's your budget?
I'm happy to help.
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Trevor
Great attitude Trevor, N.A as far as I can read was asking questions relative to your post, maybe nobody should reply to YOUR thread!
N.A.
DO NOT AND I REPEAT DO NOT turn this thread into a sales pitch for your FTO.As I said this is my future not a sales opportunity for you. Please do not respond to ANYTHING on MY thread.
T.M.
DO NOT AND I REPEAT DO NOT turn this thread into a sales pitch for your FTO.As I said this is my future not a sales opportunity for you. Please do not respond to ANYTHING on MY thread.
T.M.
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A big part of "students" on this forum are not more than disguised flight school employees submitting beautiful stuff about their schools.
Trevor
Determination and the misty-eyed "it's my destiny" type posts from some on here are great but they won't help you pay back the debt you will be taking on. All that is being said is don't take on more debt that you can reasonably service. Jobs for low hour pilots could be very hard to come by for the next 1-2-3 years.
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"Determination and the misty-eyed "it's my destiny" type posts from some on here are great but they won't help you pay back the debt you will be taking on"
of course you are right, but there are many levels of debt and various paths to flying for a career, some more sensible than others at this point in time.
but it doesn't change the fact that if you want it bad enough you will move heaven and earth for it.
Many of my friends think I'm crazy selling my house and uprooting my family, maybe they are right, but money is only money, having lost too many people close to me in my short life it is not important in the grand scheme of things.
I have read often on here recently "the party is over, make sure you have a seat when the music stops"
well I like to think that when the party starts again I will be ready with my license!
regards (and slightly misty eyed
) D-G
of course you are right, but there are many levels of debt and various paths to flying for a career, some more sensible than others at this point in time.
but it doesn't change the fact that if you want it bad enough you will move heaven and earth for it.
Many of my friends think I'm crazy selling my house and uprooting my family, maybe they are right, but money is only money, having lost too many people close to me in my short life it is not important in the grand scheme of things.
I have read often on here recently "the party is over, make sure you have a seat when the music stops"
well I like to think that when the party starts again I will be ready with my license!
regards (and slightly misty eyed
) D-G