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All this talk of loans...why?

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Old 1st May 2008, 08:14
  #41 (permalink)  
 
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Well done..

Well done Sparks however I have one small spanner to throw into the works:

Are you planning on having a girlfriend/boyfriend/plaything over the course of your flight training? If so delete the thread as maintenance of a healthy relationship will require you

a) To spend LOTS of money on untold if not strange events like going for a meal or taking her/him to the cinema


b) her/his:

Birthday
Valentines day
her/his mother's day gift


I think you catch my drift... My point IS there will be LOTS of unexpected costs along this fine route and buying lipstick for your new little missus may not seem expensive but IT IS !!!!

Rant over....

Best of luck, avoid women (whilst training) the glow from your flight simulator will far surpass the tones of a beautiful woman ten feet away... aaaggggghhhhhhhhh

t
Trevor Macken is offline  
Old 1st May 2008, 19:36
  #42 (permalink)  
SparksFlyHigh
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Dont worry, she is gone now...she was cheap anyway.
 
Old 1st May 2008, 22:19
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Now, I'm working in an airlines Operations department whilst I'm saving the money and doing my training. I earn about £1,850 a month after tax. I live at home rent free - I don't pay for food either and I drive a car which I don't pay for. However, I do pay for:
  • Car servicing - I drive 1,400 miles a month for the pleasure of working in Luton - put aside £50 per month if you drive as much as I!
  • Petrol - thats another £140 a month
  • Phone bill - £45
  • Gym membership £35
  • Car insurance - o.k., I've only just started paying for it but it's still £80 a month
  • Personal loan - I took out a loan to help build my credit rating and to pay for my PPL. It's about £180 a month for the next 7 months.
  • Random shopping sprees - it's very hard to not spend any money on things unless you really need them! You can account for another £50-£100 here - think about birthday presents, mothers and fathers day, prescriptions. I'm also getting a brace and the consultation alone is £80!
Total - about £630. meaning I have about £1,150 that I can realistically put into a savings account. That's about 35% of my earnings per month that don't see the savings account.

S88
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Old 2nd May 2008, 05:11
  #44 (permalink)  
 
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Thats not bad money for a 20 year old. You must be on £30000 a year then!!. Lucky git. I have been a police officer for almost 11 years and I only just earn more than that, plus I am 30 too. Granted I gave up on my dream, as age was against me and I got offered a job in Australia, but sometimes I wish I hadn't. Anyway good luck to all of you wanting to do it. Which ever way you fund it
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Old 2nd May 2008, 07:25
  #45 (permalink)  
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There are loads of people out there who started training out there after the age of thirty and still found airline employment. I have met and known people in their early to mid forties getting their first commercial job.

You could still be qualified by the age of 32. I understand there are reasons to pursue or not to pursue commercial pilot training but age is not an issue for you. If you think CTC use to have the age limit of 34 for the ATP scheme then you would have easily have been within this. Since JAA was introduced you will find far more trainees are more likely to be in their thirties than twenties.
portsharbourflyer is offline  
Old 2nd May 2008, 09:16
  #46 (permalink)  
 
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Cheers Portsharbourflying,

I know people say age is not an issue, but when it comes down to me as a 32/34 year old or a 23/24 year old, it's not hard to guess who they would go for.
There were other decisions too, like the airline industry as it stands and whether I could risk spending all that money,and getting no job at the end of it. Maybe i'll change my mind out in Australia,after all it has to be cheaper to fly out there. I still have my PPL too.
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Old 2nd May 2008, 11:26
  #47 (permalink)  
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Depends on the operater, choice between a 34 and 24 year old with equal flying experience, some TP operaters need the older candidates as they are more likely to stay for a TP command than move on to a Jet job. Though that said 42 rather than 32 is the age where this argument becomes relevant.

The corporate sector often needs to present a maturer person up front even if the experience isn't that high; hence in this instance the 32 year old is more likely to be employed than the 22 year old. Aviation is a funny industry and you will find there are no hard and fast rules for anything and almost any opinion can be disproved either way. That said I do try to base my posts on experience and actual fact rather than opinion.

Australia and New Zealand are one of the biggest "exporters" of ex-pat pilots. I don't know how things stand in Australia now but traditionally a Aus/NZ a pilot would need about 2000 hours to get look in with a regional operator. Hence the reason why several Aus and NZ pilots are working in the UK.

You could certainly build your hours in Australia cheaply but if you ever do decide to go commercial you will find the UK is still one of the better places to be based for flying employment opportunities.

Anyway as said if you have considered your options and decided it isn't for you that is fine; but if you were discounting it purely because of your age then you would be very mislead. Good luck

Last edited by portsharbourflyer; 2nd May 2008 at 11:41.
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