Thoughts on 2Fly Pro Pilot?
Thread Starter
Join Date: Feb 2020
Location: London
Posts: 1
Thoughts on 2Fly Pro Pilot?
I came across this school, 2Fly Pro Pilot who were offering a pilot specific unsecured loan with competitive interest rate and the plus of no payments during training. Seems to good to be true and was wondering if anyone knows this school and if its worth looking at?
Join Date: Aug 2016
Location: Europe
Posts: 593
The exact reason why some really good training offers will come up in the foreseeable future. The schools need your money now, not in a couple of years. They've also got bills to pay and require a more or less constant flow of income to stay afloat. However, you might eventually end up spending more revalidating your MEP IR, SEP and Class I medical in the dreaded gap between your graduation and the improvement of the job market. Not to mention that, when it comes to recruitment, someone who has recently finished training and has still got his skills sharp and his knowledge fresh stands better chances than someone who's been out of flying for a year or two, bar the minimum required rating revalidations.
And then there's another risk about paying for your entire training upfront right now. How can we be certain that the flight school will not go bust at some point after having had your money? There have been many, many unfortunate guys who were left with no licence and no money in this way in previous years. Some got over the loss, went back to square one and restarted everything from scratch. Others could never afford it again or got so demoralised that they never went anywhere near a flight school ever again.
My advice? Give it some time. We don't even know the extent of damage done to the industry for now and we will not until the dust has settled. Go back to it in one year. Or two years. Use the time to learn some backup skill or earn another qualification. Save as much money as you can so that you keep debt to the minimum. And, when the time comes, chances are there will still be good offers on training out there. Definitely for the next few years as people will be dead cautious about investing into flight training anytime soon.
And then there's another risk about paying for your entire training upfront right now. How can we be certain that the flight school will not go bust at some point after having had your money? There have been many, many unfortunate guys who were left with no licence and no money in this way in previous years. Some got over the loss, went back to square one and restarted everything from scratch. Others could never afford it again or got so demoralised that they never went anywhere near a flight school ever again.
My advice? Give it some time. We don't even know the extent of damage done to the industry for now and we will not until the dust has settled. Go back to it in one year. Or two years. Use the time to learn some backup skill or earn another qualification. Save as much money as you can so that you keep debt to the minimum. And, when the time comes, chances are there will still be good offers on training out there. Definitely for the next few years as people will be dead cautious about investing into flight training anytime soon.
de minimus non curat lex
Join Date: Feb 2001
Location: sunny troon
Posts: 1,348
Recovery will be gentle once restrictions are lifted following substantial vaccinations.
Why will a “travel boom” occur that early......interested to see the evidence for your assertion.
Go modular and keep the day job.
Why will a “travel boom” occur that early......interested to see the evidence for your assertion.
Go modular and keep the day job.
Join Date: May 1999
Location: Bristol, England
Age: 62
Posts: 1,591
There's a one hour webinar floating around the internet at the moment publicising this course. Without commenting on the quality, or pointing out past correspondence on PPRuNe, the cost of this program is $98,000 and the payment schedule (53 minutes in on the webinar) requires all of it except some $7K-odd to be paid by week 16 of the training, less than 4 months after enrolment. I'm afraid this is a huge red flag. Ten students, the ATO has $1m in the bank for no appreciable outlay.
Join Date: Jul 2018
Location: Palm Beach
Posts: 48
I posted recently about a school in Florida (without naming names) who took $98K of person X, who then took over 12 months to compete the PPL phase due lack of resourses and when he asked for a refund because he wanted to leave they showed him the door..........any guesses now who this might have been?
As Alex W says, and I have said many many times on this forum...run a mile from such a sales pitch. But does the message get through, obviously not to some as posts like keep coming.........sad indeed.
It should be made illegal to take more than 25% of a course cost upfront and the industry should band together and encourage this.
As Alex W says, and I have said many many times on this forum...run a mile from such a sales pitch. But does the message get through, obviously not to some as posts like keep coming.........sad indeed.
It should be made illegal to take more than 25% of a course cost upfront and the industry should band together and encourage this.
