Hsbc Psl
But are you clever enough to speak Welsh?
Son. You came here looking for a bit of advice.
You got some. One bit was from a young know-nothing presently engaged on a loaned Integrated course and he said you were doing the right thing..
Another bit was from a couple of grey haired flying instructors and professional pilots who have watched the industry for a couple of decades. You choose which advice to take. Its no skin of anyones noses here. And its a free service.
I'll be in Derry in a couple of weeks - I might let you buy me a pint..
WWW
Son. You came here looking for a bit of advice.
You got some. One bit was from a young know-nothing presently engaged on a loaned Integrated course and he said you were doing the right thing..
Another bit was from a couple of grey haired flying instructors and professional pilots who have watched the industry for a couple of decades. You choose which advice to take. Its no skin of anyones noses here. And its a free service.
I'll be in Derry in a couple of weeks - I might let you buy me a pint..
WWW
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Join Date: Feb 2005
Location: Derry , Eire (Ireland)
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Thats not welsh,.,,, thats irish..... u know u stuff
what ever,,, all i know that is its a career that ive been workin towards from little years and i aint gonna let some credit crunch ruin it.... so i'll decide...
yeah i did look fior some advice and all i got from '''grey haired''' was a bunch of sarcasm.... nice people..... u prob dnt know where derry is if u though it was in the south....
fat chance lad......wodnt waste the money...after all u did say there was a credit crunch....
what ever,,, all i know that is its a career that ive been workin towards from little years and i aint gonna let some credit crunch ruin it.... so i'll decide...
yeah i did look fior some advice and all i got from '''grey haired''' was a bunch of sarcasm.... nice people..... u prob dnt know where derry is if u though it was in the south....
fat chance lad......wodnt waste the money...after all u did say there was a credit crunch....
No Emmett I used to teach people like you to fly at one of those fancy Integrated schools and nurse you through.
If you think the Bank of Ireland are enjoying the current crisis then you have no idea of the tier 1 capital provisions.
I struggle to see how I could be jealous of you other than your obvious youth.
Congratulations on your First.
WWW
If you think the Bank of Ireland are enjoying the current crisis then you have no idea of the tier 1 capital provisions.
I struggle to see how I could be jealous of you other than your obvious youth.
Congratulations on your First.
WWW
And with that Emmett your brief brief PPRuNe career comes to a crashing end.
Good luck in the real world.
WWW
Good luck in the real world.
WWW
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fair enough,,,, their are young people like me,,, who wod ignore the current crisis,,, but thats the way it is.... i'll live dnt worry....
nuffin wrong wit engineering,,, there more money in it than flying so.....
nuffin wrong wit engineering,,, there more money in it than flying so.....
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That would be Londonderry then wouldn't it.
You have a good degree but without some SOLID experience then you dont really have much of a fallback. You may impress the bank enough to splash the cash but if you sit down and do your math yourself will you be able to stay current, pay the loan and buy your beans on toast if it takes you 18 months from finishing to get a flying job? (based on your current salary).
Not wanting to get in to the slanging match as you seem to be drawing the big fish to your oh so small pond, just asking the question.
You should be worrying less about what the banks position will be and more about what yours will be if things start to go tits up.
Paz
You have a good degree but without some SOLID experience then you dont really have much of a fallback. You may impress the bank enough to splash the cash but if you sit down and do your math yourself will you be able to stay current, pay the loan and buy your beans on toast if it takes you 18 months from finishing to get a flying job? (based on your current salary).
Not wanting to get in to the slanging match as you seem to be drawing the big fish to your oh so small pond, just asking the question.
You should be worrying less about what the banks position will be and more about what yours will be if things start to go tits up.
Paz
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Enough with the antics, it's highly unproductive and significantly selfish, so i apologize on my behalf. As i am not a pilot and have not been there done that, unfortunately i must accept your argument WWW.
I don't disagree with what you are saying and at no point have i said that.
My so called "encouragement" was manufactured with regards to his initial post: "im to join Cabair in October/november course" Where i believe sincerely that he has backed himself correctly and doesn't put himself at a disadvantage to other cadets when it comes to selection, provided he's built of the proper constituents. At no point did i say, 'yeah go for it, it's a brilliant idea'.
I haven't submitted my opinion as i dont feel obliged to oppress it upon another individual who can think clearly for himself.
For your information, i am not a a current APPFO student who recklessly turned up, took the loan, and started training. If you read over my posts you will clearly see this, and the caution i am putting into it.
I'm merely a clustered wannabe trying to set my foundations good and proper.
My two cents worth - something i haven't contributed with up to now unlike the rest of you, as it wasn't asked of us.
Perhaps you could put if off for a year, go and gain greater experience within your field, save up a bit of cash, build up some hours and most importantly, keep an eager eye on the dynamics of the flying industry. Timing is everything.
This is what i've decided to do, albeit after graduation..
Best of luck matey
WQ.
I don't disagree with what you are saying and at no point have i said that.
My so called "encouragement" was manufactured with regards to his initial post: "im to join Cabair in October/november course" Where i believe sincerely that he has backed himself correctly and doesn't put himself at a disadvantage to other cadets when it comes to selection, provided he's built of the proper constituents. At no point did i say, 'yeah go for it, it's a brilliant idea'.
I haven't submitted my opinion as i dont feel obliged to oppress it upon another individual who can think clearly for himself.
For your information, i am not a a current APPFO student who recklessly turned up, took the loan, and started training. If you read over my posts you will clearly see this, and the caution i am putting into it.
My primary concerns at the moment are; the rising oil prices and the consequences it may have to the industry, as well as the 'credit crunch', borrowing extortionate amounts of money at a time of economical instability is logically not a wise decision.
My two cents worth - something i haven't contributed with up to now unlike the rest of you, as it wasn't asked of us.
Perhaps you could put if off for a year, go and gain greater experience within your field, save up a bit of cash, build up some hours and most importantly, keep an eager eye on the dynamics of the flying industry. Timing is everything.
This is what i've decided to do, albeit after graduation..
Best of luck matey
WQ.
Last edited by WQ - ingo; 7th Aug 2008 at 15:31.
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Your statement regarding Flybe's TR course being full is not a reliable indicator on its own as they may have a bit of a back log and while they may be recruiting, they might have eased off a bit on newbies. This of course is pure speculation but just be aware that a full TR course is not the sole indicator of an airlines intentions, especially when you consider that you wont be finished for at least 12 months
Tough times still for all but best of luck with whatever you decide.
Fly and borrow safe out there people
Camel Toe
"Over Macho Grande?"
Tough times still for all but best of luck with whatever you decide.
Fly and borrow safe out there people
Camel Toe
"Over Macho Grande?"
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I'm nothing more than a side-lines lurker but will pass my thoughts here...
I have to agree with WWW somewhat, although emmett01’s enthusiasm is commendable, though a little niave...
So Emmett01, you get your loan (cool 70k or so) you do your course and pass with flying colours (as I'm sure you will going by your University pass – smart fellow) and probably have the time of your life (I sure would!). You send off your CV's and life's rosey, but after 6 months.... Nothing.
You continue to send CV's.... Nothing still 
. Hang about… the loan repayments are now needing to be repaid. Frantically you send out droves of CV's like your financial life depends on it - still nothing .
Before you know it CHRISIS! (Or is that Christ!). You need circa 1K per month just to pay your payments! Right time for some real world engineering work, which of course you've been working on the backup job etc - hopefully! We start on maybe... £25k if we're lucky? = £1500 per month ish? Minus your 1K loan leaves you with a couple hundred a month?
But what happens if you're on less, or worse still can't find a job in that field and you are lumbered! You're folks are going to have to bail you out each month or... There house is in serious jeopardy. "Cue Barfing action!"
That is worse case scenario, but... You career happiness can not = your folks home on the rocks!!! I certainly couldn't do it to mine, sorry to sound harsh/dramatic. I know you have to take risks in life and I do, but at MY own risk.
I'll level with you. I'm same age as you, all bar one year. I'm as starry-eyed as you and been trawling this forum for years! However, there's so much wisdom on here that I have learnt from, and know it would be crazy to initiate a plan such as yours right now.
I'm in IT and take about £2200 a month; living with folks so can save about £1400 or so comfortably. Couple years of saving and modular can well be an option with no risks and perhaps the climates may have gotton better.
I seriously, think you should do something similar...
Work you career for a couple years as an engineer! Establish yourself and some reddies! £££. Then you will certainly have a good career to fall back on. At the moment, you have nothing to fall back on, rather a career to start if you had to on bottom wage! (With thousands to pay to Mr HSBC/AIB each month!). And out of interest, university loans???
Like any loan, the 70K will only become real, once you have to start paying it back.
Sorry if I’ve sounded like your dad, but you SERIOUSLY need to weigh this up... It CAN be done so much more safely.
Remember we're only young, there's no rush...
Good Luck
I have to agree with WWW somewhat, although emmett01’s enthusiasm is commendable, though a little niave...
So Emmett01, you get your loan (cool 70k or so) you do your course and pass with flying colours (as I'm sure you will going by your University pass – smart fellow) and probably have the time of your life (I sure would!). You send off your CV's and life's rosey, but after 6 months.... Nothing.
You continue to send CV's.... Nothing still . Hang about… the loan repayments are now needing to be repaid. Frantically you send out droves of CV's like your financial life depends on it - still nothing . Before you know it CHRISIS! (Or is that Christ!). You need circa 1K per month just to pay your payments! Right time for some real world engineering work, which of course you've been working on the backup job etc - hopefully! We start on maybe... £25k if we're lucky? = £1500 per month ish? Minus your 1K loan leaves you with a couple hundred a month?
But what happens if you're on less, or worse still can't find a job in that field and you are lumbered! You're folks are going to have to bail you out each month or... There house is in serious jeopardy. "Cue Barfing action!"
That is worse case scenario, but... You career happiness can not = your folks home on the rocks!!! I certainly couldn't do it to mine, sorry to sound harsh/dramatic. I know you have to take risks in life and I do, but at MY own risk.
I'll level with you. I'm same age as you, all bar one year. I'm as starry-eyed as you and been trawling this forum for years! However, there's so much wisdom on here that I have learnt from, and know it would be crazy to initiate a plan such as yours right now.
I'm in IT and take about £2200 a month; living with folks so can save about £1400 or so comfortably. Couple years of saving and modular can well be an option with no risks and perhaps the climates may have gotton better.
I seriously, think you should do something similar...
Work you career for a couple years as an engineer! Establish yourself and some reddies! £££. Then you will certainly have a good career to fall back on. At the moment, you have nothing to fall back on, rather a career to start if you had to on bottom wage! (With thousands to pay to Mr HSBC/AIB each month!). And out of interest, university loans???
Like any loan, the 70K will only become real, once you have to start paying it back.
Sorry if I’ve sounded like your dad, but you SERIOUSLY need to weigh this up... It CAN be done so much more safely.
Remember we're only young, there's no rush...
Good Luck
Join Date: Jul 2007
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WWW, you don't seem to be true to one of your Ws.
How can you mistake this Gaelic (be it Scottish or Irish) for Welsh?
And I'm just a foreigner living around UK.
Also, there's people across Irish Sea that call the whole island Ireland and call themselves Irish only. The little hint, 'Derry' is pretty obvious.
Whether they pay with Euro or Sterling.
I can partly understand being born in country that doesn't really exist anymore (division in '93, I'll let you guess if you haven't seen any or my posts elsewhere). Anyway, I still don't get this pseudo-religious haggle.
You know that 'buy now pay later (if)' thinking is what keeps this buy now pay later economy? Becoming US.
Though, me being in such position, I'd just save up a bit more, get personal loan secured against parents house (if they'd allow me anyway) and do modular. My daddies got reasonably valuable house on mainland but my first question about using it as a security couple years ago (hypothetically, then) had very quick answer from mum. My sister gets flat she lives in, I'm getting house as inheritance (in future). No security, no remortgage (it doesn't even work like that there). Guess why?? It's insane with high borrowing amounts.
Otherwise not necessary to put property as security..
How can you mistake this Gaelic (be it Scottish or Irish) for Welsh?
And I'm just a foreigner living around UK.
Also, there's people across Irish Sea that call the whole island Ireland and call themselves Irish only. The little hint, 'Derry' is pretty obvious.
Whether they pay with Euro or Sterling.
I can partly understand being born in country that doesn't really exist anymore (division in '93, I'll let you guess if you haven't seen any or my posts elsewhere). Anyway, I still don't get this pseudo-religious haggle.
You know that 'buy now pay later (if)' thinking is what keeps this buy now pay later economy? Becoming US.
Though, me being in such position, I'd just save up a bit more, get personal loan secured against parents house (if they'd allow me anyway) and do modular. My daddies got reasonably valuable house on mainland but my first question about using it as a security couple years ago (hypothetically, then) had very quick answer from mum. My sister gets flat she lives in, I'm getting house as inheritance (in future). No security, no remortgage (it doesn't even work like that there). Guess why?? It's insane with high borrowing amounts.
Otherwise not necessary to put property as security..
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Emmett,
I will offer some advise. At 22 you have bags of time. I would suggest you take your engineering degree and go to the next level and get Chartered. Whilst you are doing this plan you aviation career through the modular route.
This way you have all your options open to you with no doors closed.
A contingency of being able to drop back into engineering if it all falls through may not be as easy as you think and you will find yourself scrapping with the new graduates whilst having a massive debt.
Sure going for CEng will be tough but you will be in a far better position by the time you finish the modular route as a result of lower debts, less worried parents and a viable alternative career as an engineer.
If you decide at some point during the modular route that its not for you then the cost of dropping out is way less than if you flunked the integrated.
You are an engineer, do the risk analysis!
I will offer some advise. At 22 you have bags of time. I would suggest you take your engineering degree and go to the next level and get Chartered. Whilst you are doing this plan you aviation career through the modular route.
This way you have all your options open to you with no doors closed.
A contingency of being able to drop back into engineering if it all falls through may not be as easy as you think and you will find yourself scrapping with the new graduates whilst having a massive debt.
Sure going for CEng will be tough but you will be in a far better position by the time you finish the modular route as a result of lower debts, less worried parents and a viable alternative career as an engineer.
If you decide at some point during the modular route that its not for you then the cost of dropping out is way less than if you flunked the integrated.
You are an engineer, do the risk analysis!
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Emmett,
You may wish to look at the Career Development Loan option(Royal Bank of Scotland recognise flight training) as well. Its only 8k maximum that you can borrow but it may help a little, should you have difficulties getting the full amount on a Pro Studies Loan with HSBC. Again, you will need a good business plan(on paper) to give to the bank manager. It may take some convincing given the economic outlook, but thats up to you to paint a rosey picture. Best of luck though and I hope you get the money.
You may wish to look at the Career Development Loan option(Royal Bank of Scotland recognise flight training) as well. Its only 8k maximum that you can borrow but it may help a little, should you have difficulties getting the full amount on a Pro Studies Loan with HSBC. Again, you will need a good business plan(on paper) to give to the bank manager. It may take some convincing given the economic outlook, but thats up to you to paint a rosey picture. Best of luck though and I hope you get the money.
