Easyjet Cadet Sponsorship
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AH, far be it for me to question your maths – mine ain’t so great myself. But:
The way I read it is that you don't pay unless you leave the course or jack in your job. Having said that...
Where does this say it’s a NZ CPL/IR? It says in the FAQs bit that it’s a JAA licence. The cheapest JAA fATPL I’ve seen advertised is £30K. When I looked into that it had excluded everything possible; the real price would be loads more.
There’s a whole list of extras included in this. From the CTC MacAlpine website:
• Basic, Intermediate and Advanced Training fees
• Training equipment
• Uniform
• Headset
• Remedial training fees approved by CTC McAlpine
• Examination and test fees
• Examination and test re-sit fees
• PPL licence fee
• Accommodation in New Zealand and the Exam Phases in the UK
• Provision of personal transport in New Zealand
• Three air fares to and from New Zealand
• Food and accommodation during the intermediate and advanced phases
• Living allowances and expenses during the advanced phase
Now you can put your own value on that lot, but the advanced training includes a type rating and base training, the basic training includes 100 hours multi. You’ve got a year of accommodation only plus six months food and accommodation in there. So, over £30,000, what would you say that lot is worth?
How about:
£5,000 Extra multi time
£6,000 Intermediate training (CTC MCC course plus AQC Course)
£15,000 Type rating
£5,000 Base training
£? Extra training
£700 JAA Exam fees
£1000 CPL and IR fees
£? Re-sit fees
£10,000 Accommodation and food
£1,000 Shared car
£2,000 Airfares
£7,000 Advanced phase allowances
£5,000 Basic and intermediate phase allowances
£2,000 Insurance, niff naff, etc (uniforms & all that stuff)
Then there’s the cost of the failure protection insurance. I’ve no idea what that is worth. I’ve not included the things with ? marks, cause I wouldn’t know how to value them.
My figures are probably wildly out, but starting with the Woolworths of courses, that comes to £89,700. Now if you started with an OAT or BAe or Cabair course, you can see where easy came up with the figure of £100,000 worth of training.
I really cannot see how you come up with this being £20K over the top. £30K under maybe, but then the airline is sponsoring it.
The way I read it is that you don't pay unless you leave the course or jack in your job. Having said that...
Where does this say it’s a NZ CPL/IR? It says in the FAQs bit that it’s a JAA licence. The cheapest JAA fATPL I’ve seen advertised is £30K. When I looked into that it had excluded everything possible; the real price would be loads more.
There’s a whole list of extras included in this. From the CTC MacAlpine website:
• Basic, Intermediate and Advanced Training fees
• Training equipment
• Uniform
• Headset
• Remedial training fees approved by CTC McAlpine
• Examination and test fees
• Examination and test re-sit fees
• PPL licence fee
• Accommodation in New Zealand and the Exam Phases in the UK
• Provision of personal transport in New Zealand
• Three air fares to and from New Zealand
• Food and accommodation during the intermediate and advanced phases
• Living allowances and expenses during the advanced phase
Now you can put your own value on that lot, but the advanced training includes a type rating and base training, the basic training includes 100 hours multi. You’ve got a year of accommodation only plus six months food and accommodation in there. So, over £30,000, what would you say that lot is worth?
How about:
£5,000 Extra multi time
£6,000 Intermediate training (CTC MCC course plus AQC Course)
£15,000 Type rating
£5,000 Base training
£? Extra training
£700 JAA Exam fees
£1000 CPL and IR fees
£? Re-sit fees
£10,000 Accommodation and food
£1,000 Shared car
£2,000 Airfares
£7,000 Advanced phase allowances
£5,000 Basic and intermediate phase allowances
£2,000 Insurance, niff naff, etc (uniforms & all that stuff)
Then there’s the cost of the failure protection insurance. I’ve no idea what that is worth. I’ve not included the things with ? marks, cause I wouldn’t know how to value them.
My figures are probably wildly out, but starting with the Woolworths of courses, that comes to £89,700. Now if you started with an OAT or BAe or Cabair course, you can see where easy came up with the figure of £100,000 worth of training.
I really cannot see how you come up with this being £20K over the top. £30K under maybe, but then the airline is sponsoring it.
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Type Rated Guys
easyJet have recently been turning down type rated experienced 737 guys for very incomprehensible reasons, that might be why they are getting short and starting a so called sponsorship scheme!!!!
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So run this by me again (I'm not fully up to speed on these cadet programs!) - You pay Easy 60,000 for training. For the next 7 years Easy pays you 12,000 less than an 'experienced' pilot (don't forget you're doing the same job).
12,000 x 7 = 84,000!!
Can someone point out where the sponsorship is?
12,000 x 7 = 84,000!!
Can someone point out where the sponsorship is?
Last edited by Grivation; 17th Nov 2002 at 11:09.
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It has taken me a little while to get my head around this. I think I have got it now. You get through to be one of "the few". Go to see the bank manager who is a mate of CTC McAlpine. He gives you a loan for £60,000 which you hand over to Easyjet, and you dont have to pay any money back until you have finished your training.
You make it through training and get a salary from Easyjet, and in addition they pay you £1000 a month for 7 years to pay back your bond to the bank manager. Sounds like a very good deal to me!
If you dig deeper not all the training takes place in New Zealand - it says you will be there for about 9 months. So I guess the flying is all done over there, whilst the ground school stuff is back here in the UK.
Maybe I will apply, just need to be weary about when I hand over the £140 application fee re the age thing. It does also say that easy and CTC McAlpine will not enter into any conversation with applicants over queries they might have due to the high number of applicants they are anticipating.
Anyone got any information on where you stand if you already have Class 1, some or all of your ATPL writtens, hourse already in the logbook.
As for why are Easyjet doing this - perhaps they are actually thinking ahead and have realised the good times are over and the once seemingly endless supply of "type rated 737 pilots" is drying up, and if they want to continue their growth they will have to invest in training.
You make it through training and get a salary from Easyjet, and in addition they pay you £1000 a month for 7 years to pay back your bond to the bank manager. Sounds like a very good deal to me!
If you dig deeper not all the training takes place in New Zealand - it says you will be there for about 9 months. So I guess the flying is all done over there, whilst the ground school stuff is back here in the UK.
Maybe I will apply, just need to be weary about when I hand over the £140 application fee re the age thing. It does also say that easy and CTC McAlpine will not enter into any conversation with applicants over queries they might have due to the high number of applicants they are anticipating.
Anyone got any information on where you stand if you already have Class 1, some or all of your ATPL writtens, hourse already in the logbook.
As for why are Easyjet doing this - perhaps they are actually thinking ahead and have realised the good times are over and the once seemingly endless supply of "type rated 737 pilots" is drying up, and if they want to continue their growth they will have to invest in training.
Moaning minnies!
For Chrisakes people! With the airline industry in severe recession one company announces a substantial new cadet scheme - and people whinge about it! Incredible!
Grivation So run this by me again (I'm not fully op to speed on these cadet programs!) - You pay Easy 60,000 for training. For the next 7 years Easy pays you 12,000 less than an 'experienced' pilot (don't forget you're doing the same job).
12,000 x 7 = 84,000!!
Can someone point out where the sponsorship is?
So run this past me again - BA "sponsor" you and then pay you less money than a direct entry pilot for 5 years. Ummm, what was the cadet entry salary again? Errr... £22,000. The easyJet salary will be higher even allowing for subsidised low interest payments on the loan. Every sponsorship scheme I can think of in this country has paid the cadets less than direct entry pilots. It is therefore Industry Standard Practice.
On the subject of training costs in NZ. This is not going to be a NZ license converted. Its a pukka airline designed ab initio JAA ATPL course - as I understand it. Now, having been involved with the delivery of such, I can attest to the fact that they are expensive beasts. Airlines are demanding customers in my experience. They want a few more twin hours here, an extra 5 hrs on the FNPT2 there, lets give 'em 5 hrs of aeros etc. etc. They want some slack in the system so if a cadet struggles for a first solo or needs a CPL re-test then so be it. They don't want to lose an expensively selected investment for the sake of a few more hours. Oh and groundschool is exactly the same. There is NO WAY easyJet is actually making money out of this. To suggest such is childish and ignobel.
Just because easyJet have turned down or shown no apparent interest in more experienced pilots does not mean they should not run a cadet scheme. Nor should BA, BMI, Britannia or any other airline you care to mention in the same boat be discouraged from doing so.
Cadets are useful in that they are content to sit in the RHS for quite a few years and - anyway - have no other option due to the bond. Thats handy because a large proportion of easyJet pilots in the RHS have enough hours for a Command course. And are itching to get one. Having some FO's who are less itchy is useful I imagine. I see nothing sinister in this.
This scheme is accessable to all. You do not need to have £30,000 in your bank or your parents bank. You need £140 for the tests - thats it.
If you are successful you are going to get a free CPL/IR Frzn ATPL MCC & 737 type rating. In addition you are going to get your first airline job the Monday morning after you finish training.
Now *that* is priceless.
Within 4 years of finishing training you could be eligible for a Command. A Command. Skipper of your own low mileage Next Gen 737 at the tender age of 23 is theoretically possible. Outside of the military tell me where else that could be aimed for?
Some people are whinging because you risk being chopped or the airline coming a croper and leaving you in debt. Well what happened to the cadets of a well known airline last year who were on a partial sponsorship just afeter Sept11th. They were told their services were no longer required. Oh an incidentally, the money you paid us for the course was the money we spent in the early days. Therefore you can continue at your own expense if you want to. Good luck and cheery oh. The world does not owe you a living and stuff happens - but its a lot less risk than paying for your own training and type rating and then hawking your CV around the country on the off chance.
WWW
Grivation So run this by me again (I'm not fully op to speed on these cadet programs!) - You pay Easy 60,000 for training. For the next 7 years Easy pays you 12,000 less than an 'experienced' pilot (don't forget you're doing the same job).
12,000 x 7 = 84,000!!
Can someone point out where the sponsorship is?
So run this past me again - BA "sponsor" you and then pay you less money than a direct entry pilot for 5 years. Ummm, what was the cadet entry salary again? Errr... £22,000. The easyJet salary will be higher even allowing for subsidised low interest payments on the loan. Every sponsorship scheme I can think of in this country has paid the cadets less than direct entry pilots. It is therefore Industry Standard Practice.
On the subject of training costs in NZ. This is not going to be a NZ license converted. Its a pukka airline designed ab initio JAA ATPL course - as I understand it. Now, having been involved with the delivery of such, I can attest to the fact that they are expensive beasts. Airlines are demanding customers in my experience. They want a few more twin hours here, an extra 5 hrs on the FNPT2 there, lets give 'em 5 hrs of aeros etc. etc. They want some slack in the system so if a cadet struggles for a first solo or needs a CPL re-test then so be it. They don't want to lose an expensively selected investment for the sake of a few more hours. Oh and groundschool is exactly the same. There is NO WAY easyJet is actually making money out of this. To suggest such is childish and ignobel.
Just because easyJet have turned down or shown no apparent interest in more experienced pilots does not mean they should not run a cadet scheme. Nor should BA, BMI, Britannia or any other airline you care to mention in the same boat be discouraged from doing so.
Cadets are useful in that they are content to sit in the RHS for quite a few years and - anyway - have no other option due to the bond. Thats handy because a large proportion of easyJet pilots in the RHS have enough hours for a Command course. And are itching to get one. Having some FO's who are less itchy is useful I imagine. I see nothing sinister in this.
This scheme is accessable to all. You do not need to have £30,000 in your bank or your parents bank. You need £140 for the tests - thats it.
If you are successful you are going to get a free CPL/IR Frzn ATPL MCC & 737 type rating. In addition you are going to get your first airline job the Monday morning after you finish training.
Now *that* is priceless.
Within 4 years of finishing training you could be eligible for a Command. A Command. Skipper of your own low mileage Next Gen 737 at the tender age of 23 is theoretically possible. Outside of the military tell me where else that could be aimed for?
Some people are whinging because you risk being chopped or the airline coming a croper and leaving you in debt. Well what happened to the cadets of a well known airline last year who were on a partial sponsorship just afeter Sept11th. They were told their services were no longer required. Oh an incidentally, the money you paid us for the course was the money we spent in the early days. Therefore you can continue at your own expense if you want to. Good luck and cheery oh. The world does not owe you a living and stuff happens - but its a lot less risk than paying for your own training and type rating and then hawking your CV around the country on the off chance.
WWW
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Self sponsored type rating
Have you guys with a licence overlooked this little nugget on the easy website
http://www.easyjet.com/en/jobs/pilot...hipscheme.html
500 hours and £23,000 and you're orange!
http://www.easyjet.com/en/jobs/pilot...hipscheme.html
500 hours and £23,000 and you're orange!
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WWW, your eloquence is always required on this web site, but after reading this particular thread it was required even more so.
folks, if this is your attitude, there is no way you are going to get through an interview...If it was me interviewing I just wouldn't want you in my airline squabbling and moaning and whinging about things... every day I read this forum it just staggers me, and at the same comforts me that this is the attitude of the competition for jobs.
In the Britannia thread there are people moaning they haven't had a letter to confirm the application has been received and moaning they don't know when the sim ride will be and moaning that he said she said whatever.... Exactly how important do you consider yourselves to be??
folks, if this is your attitude, there is no way you are going to get through an interview...If it was me interviewing I just wouldn't want you in my airline squabbling and moaning and whinging about things... every day I read this forum it just staggers me, and at the same comforts me that this is the attitude of the competition for jobs.
In the Britannia thread there are people moaning they haven't had a letter to confirm the application has been received and moaning they don't know when the sim ride will be and moaning that he said she said whatever.... Exactly how important do you consider yourselves to be??
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Yeah good call WWW! Everyone should dive head first into any and every scheme that the airlines dish up without asking questions or airing reservations. 
I can't see the problem in batting a couple of points around.
I will ask the question again both in regard to the type rating sponsorship (25,000) and cadet sponsorship (84,000) schemes - Where is the sponsorship?
I can't see the problem in batting a couple of points around.
I will ask the question again both in regard to the type rating sponsorship (25,000) and cadet sponsorship (84,000) schemes - Where is the sponsorship?
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Grivation
Did you consider that the BA cadet scheme was sponsorship?
If no, then I guess there never was and never will be one in your dictionary. If yes, pray tell me why you don’t think the easyJet cadet scheme is? Seems identical to me:
- I need no money to get onto it
- Someone else funds my training
- All being well, I get a job at the end
- Oh, as I bringless to the airline than a direct entry pilot, I start on a lower salary
The only difference I can see is that a Bank is providing the working capital, rather than the airline. Personally, I don’t give a toss who puts up the money as long as it is not me!
There are other small, but important differences. There is risk to me if I never get a job and another if I fail during the latter stages of training. I’m prepared to take those risks; of the several people I know of who were all sponsored or part sponsored and in training after 911, all are now working for airlines, if not the ones they were sponsored by. The other differences are the allowances on this scheme which are better, I think, than any other.
I do still have some questions – if there is anyone from CTC McAlpine reading this, I think several queries have been aired here – can’t you answer them please?
Did you consider that the BA cadet scheme was sponsorship?
If no, then I guess there never was and never will be one in your dictionary. If yes, pray tell me why you don’t think the easyJet cadet scheme is? Seems identical to me:
- I need no money to get onto it
- Someone else funds my training
- All being well, I get a job at the end
- Oh, as I bringless to the airline than a direct entry pilot, I start on a lower salary
The only difference I can see is that a Bank is providing the working capital, rather than the airline. Personally, I don’t give a toss who puts up the money as long as it is not me!
There are other small, but important differences. There is risk to me if I never get a job and another if I fail during the latter stages of training. I’m prepared to take those risks; of the several people I know of who were all sponsored or part sponsored and in training after 911, all are now working for airlines, if not the ones they were sponsored by. The other differences are the allowances on this scheme which are better, I think, than any other.
I do still have some questions – if there is anyone from CTC McAlpine reading this, I think several queries have been aired here – can’t you answer them please?
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We aren't debating BA's scheme Tonyblair - we're talking about Easyjet.
As a 7th year driver you should expect to be in the LHS with Easy. What I find ironic is that the Captain who does the sector after me, who sits in the LHS and does the same job as me is paid 12,000 less because he is "inexperienced" and still considered a "cadet" by the company?!?
The type rating SPONSORSHIP scheme also makes me cringe. Easy have employed many guys/girls previously in the 500-1500 hour backet and none have been asked to attend an "advanced handling course" or pay for a type rating. Why the sudden change?
Hint : it has nothing to do with -
"We view our people as our Number One asset and they are fundamental to our success. We take recruitment very seriously and we require the highest professional standards alongside a complimentary cultural fit. Core to the easyJet culture is our significant investment in pilots' training and career development."
Nothing can be further from the truth!
As a 7th year driver you should expect to be in the LHS with Easy. What I find ironic is that the Captain who does the sector after me, who sits in the LHS and does the same job as me is paid 12,000 less because he is "inexperienced" and still considered a "cadet" by the company?!?
The type rating SPONSORSHIP scheme also makes me cringe. Easy have employed many guys/girls previously in the 500-1500 hour backet and none have been asked to attend an "advanced handling course" or pay for a type rating. Why the sudden change?
Hint : it has nothing to do with -
"We view our people as our Number One asset and they are fundamental to our success. We take recruitment very seriously and we require the highest professional standards alongside a complimentary cultural fit. Core to the easyJet culture is our significant investment in pilots' training and career development."
Nothing can be further from the truth!
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I can´t believe people are knocking this scheme. There have been a huge bunch of people waiting for something/anything like this to come along for over a year now.
Personally I think it´s excellent to see easyjet stick there neck out and invest in this for the future. You may say it´s not costing them, well short term it bloody well is. Just like it cost BA and Aer Lingus an absolute fortune to cover full sponsorship. But did they get a full return on their investment? Too right. CEP pilots with those airlines could look forward to significantly lower pay than their DEP counterparts for the first 5 years of their bonded stint. Not too many complained about it either.
Plus it´s good to see another sign of an upswing in the market
Best of luck to those applying.
Personally I think it´s excellent to see easyjet stick there neck out and invest in this for the future. You may say it´s not costing them, well short term it bloody well is. Just like it cost BA and Aer Lingus an absolute fortune to cover full sponsorship. But did they get a full return on their investment? Too right. CEP pilots with those airlines could look forward to significantly lower pay than their DEP counterparts for the first 5 years of their bonded stint. Not too many complained about it either.
Plus it´s good to see another sign of an upswing in the market
Best of luck to those applying.
Grivation - feel free not to apply then I guess.
WWW
WWW
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good point d mcguire - already made by www i don’t know of any cadet scheme that doesn’t mean joining the airline on a cadet salary usually for the period of the bond and usually substantial
that includes ba/aer lingus/flybe/air2000/airtours/britannia/klmuk british midland etc these guys are just being up front about it which is pretty unusual for the training industry lets face it
the other great thing about this scheme is that it is full sponsorship i don’t know of any other that is 100% other than ba
grivation interesting point you make about being paid the same for the same job no matter who you are. the logical conclusion of that is communism certainly you can forget annual increments or any form of seniority payments. what you are suggesting is that the airline has to pay exactly the same irrespective of what they spent on someones training. i think if i was joining an airline type rated as a direct entrant i would expect to negotiate something better than someone who came in via a fully funded cadet scheme
if you don’t mind me asking a personal question what has upset you so much all your recent posts seem to be having a go at something or other. my typing is fair game
there are some good things in life and imho this cadet scheme is one of them for anyone wanting to get into this profession
good on yer easy and jmc
that includes ba/aer lingus/flybe/air2000/airtours/britannia/klmuk british midland etc these guys are just being up front about it which is pretty unusual for the training industry lets face it
the other great thing about this scheme is that it is full sponsorship i don’t know of any other that is 100% other than ba
grivation interesting point you make about being paid the same for the same job no matter who you are. the logical conclusion of that is communism certainly you can forget annual increments or any form of seniority payments. what you are suggesting is that the airline has to pay exactly the same irrespective of what they spent on someones training. i think if i was joining an airline type rated as a direct entrant i would expect to negotiate something better than someone who came in via a fully funded cadet scheme
if you don’t mind me asking a personal question what has upset you so much all your recent posts seem to be having a go at something or other. my typing is fair game
there are some good things in life and imho this cadet scheme is one of them for anyone wanting to get into this profession
good on yer easy and jmc
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OK firstly I'll apologise for my tone over the last couple of weeks. I have been forced to fly a desk for a month while the boss is away and am not my usual happy self.
I've re-read your arguments for the cadet scheme and although I don't agree with it 100% I conceed there may be some advantages to both parties. I have never previously paid any attention to the cadet schemes run in the past and was quite horrified by what Easy were offering. However, if Easy's scheme is on a par with what's been run in the past and you are happy that it provides for a win-win outcome then who am I to argue.
I still, however, have some concerns with what is being offered in the Type Rating Sponshorship. Personally I believe that Easy management have realised that we are at the bottom of the recruitment cycle. They state on their website that they have enough experience in the company to fill all of the LHS next year by FO upgrades. They are now in a position to look at some of the less experienced applicants to ensure an even demographic spread throughout the pilot body. What I think they are doing is using the current 'bleak' recruitment situation and attempting to harness some of the desperation that exists by offering a so called 'Type Rating Sponsorship'. Smart move by Easy management - they get to lock in lower salaries for the next 5 years. Easy are expecting to recruit close to 150 FO's next year. Lets assume that 50% of those end up paying for their own ratings. 75 x 5000 x 5 = 1.875 mil GBP saving on wages alone! And no training risk to boot!
I don't like being argumentative (I'm sure you find that hard to believe) but these pages are read by the newest of the new to our industry. I believe someone needs to keep reminding them that aviation is a very competitive business and airlines may not always be the same type of kind, caring and considerate organisations that your dad and grandad worked for. Now feel free to make your own choices but please be aware that there are two sides to every argument.
I've re-read your arguments for the cadet scheme and although I don't agree with it 100% I conceed there may be some advantages to both parties. I have never previously paid any attention to the cadet schemes run in the past and was quite horrified by what Easy were offering. However, if Easy's scheme is on a par with what's been run in the past and you are happy that it provides for a win-win outcome then who am I to argue.
I still, however, have some concerns with what is being offered in the Type Rating Sponshorship. Personally I believe that Easy management have realised that we are at the bottom of the recruitment cycle. They state on their website that they have enough experience in the company to fill all of the LHS next year by FO upgrades. They are now in a position to look at some of the less experienced applicants to ensure an even demographic spread throughout the pilot body. What I think they are doing is using the current 'bleak' recruitment situation and attempting to harness some of the desperation that exists by offering a so called 'Type Rating Sponsorship'. Smart move by Easy management - they get to lock in lower salaries for the next 5 years. Easy are expecting to recruit close to 150 FO's next year. Lets assume that 50% of those end up paying for their own ratings. 75 x 5000 x 5 = 1.875 mil GBP saving on wages alone! And no training risk to boot!
I don't like being argumentative (I'm sure you find that hard to believe) but these pages are read by the newest of the new to our industry. I believe someone needs to keep reminding them that aviation is a very competitive business and airlines may not always be the same type of kind, caring and considerate organisations that your dad and grandad worked for. Now feel free to make your own choices but please be aware that there are two sides to every argument.
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Well, all I can say is this:
If you are desperately looking for a job, then this will seem like a dream come true.
However, when you are still paying off your £60000 plus interest loan in seven years time, you may think differently.
Add to that the fact that easy will promote you to Command around then and you have to take a reduced Captains wage.....which is worse than a senior FO wage in other companies......
I have no doubt that the scheme will be a success, and that it will be grossly oversubscribed. However, those who get on it, just mark my words. I bet you will agree with them in time.
However, good luck to all of you who apply!
If you are desperately looking for a job, then this will seem like a dream come true.
However, when you are still paying off your £60000 plus interest loan in seven years time, you may think differently.
Add to that the fact that easy will promote you to Command around then and you have to take a reduced Captains wage.....which is worse than a senior FO wage in other companies......
I have no doubt that the scheme will be a success, and that it will be grossly oversubscribed. However, those who get on it, just mark my words. I bet you will agree with them in time.
However, good luck to all of you who apply!
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Tailscrape, one of the points of the scheme is that the 60K paid out is paid back by Easyjet at the rate of £1000 month over the first 7 years of employment. The cadet therefore in the end is fully sponsored and has a jet job from completion of the course.
At the end of the day you get nothing for nothing, there is something in it for both sides, cadet has a job and Easy has cheap labour of the first 7 years.
In the current climate I dont think this is a bad scheme.
At the end of the day you get nothing for nothing, there is something in it for both sides, cadet has a job and Easy has cheap labour of the first 7 years.
In the current climate I dont think this is a bad scheme.
However, when you are still paying off your £60000 plus interest loan in seven years time, you may think differently.
Huh? They give you back £1,000 a month of your bond to pay off the debt. I'd just file that in my head as "loan repayment" and spend my salary.
Add to that the fact that easy will promote you to Command around then and you have to take a reduced Captains wage.....which is worse than a senior FO wage in other companies......
The cadet Captain salary will be £48,000 + about £10,000 a year duty pay + the 5% (£2,400) annual bonus for length of service by then + any further profit share and/or share options. Lets call that £62,000. Oh actually the sector pay is 70% tax free so it equates actually to more like £64,000. + of course the companies 7% pension contribution.
Where are these senior first officers again?
Oh and you need 3,500hrs for command eligibity. 900hrs times 4 years = 3,600hrs.
There is no denying it is a hot hot scheme. Particularly given to dearth of alternatives right now.
The only downside is that its going to make it harder for the poor old self sponsored guy to get a job in the open market. And it would have been nice if the flying training was done in the JAA so helping out jobbing instructors.
WWW
Huh? They give you back £1,000 a month of your bond to pay off the debt. I'd just file that in my head as "loan repayment" and spend my salary.
Add to that the fact that easy will promote you to Command around then and you have to take a reduced Captains wage.....which is worse than a senior FO wage in other companies......
The cadet Captain salary will be £48,000 + about £10,000 a year duty pay + the 5% (£2,400) annual bonus for length of service by then + any further profit share and/or share options. Lets call that £62,000. Oh actually the sector pay is 70% tax free so it equates actually to more like £64,000. + of course the companies 7% pension contribution.
Where are these senior first officers again?
Oh and you need 3,500hrs for command eligibity. 900hrs times 4 years = 3,600hrs.
There is no denying it is a hot hot scheme. Particularly given to dearth of alternatives right now.
The only downside is that its going to make it harder for the poor old self sponsored guy to get a job in the open market. And it would have been nice if the flying training was done in the JAA so helping out jobbing instructors.
WWW
Join Date: Feb 1999
Location: UK
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I think it is unwise for young chaps/chapesses applying to this scheme who believe pilots earn lots of cash, or are in anyway motivated by money. If that is your desire in life, then do something else, and fly privately. Gone are the days of BA pay scales and final salary pension schemes: you won't get rich being a pilot.
At the bottom of this argument lies the experience of a Mr Souter, who founded the stagecoach company, and realised that a wage bill is the single biggest way to ensure you don't meet your profit targets, and hence took a different approach to wage demands for his drivers. I cannot see pilot salaries suddenly changing in their general downward trend.
I see no reason for not having this debate. No-one in their right mind would not apply if they met the criteria and their aims are sound. My view of being expensive was incorrect, as I thought you had to pay money up-front yourself, this is not the case.
Of course, if you are under 26, then apply for the post. You would be mad not too, and will regret not doing so. Training in Mordor for a year should be fun too, and you'll be one of the very few airlines that is growing, has investor confidence, and has an order book for new aircraft. I just wish they'd dropped the Orange paint, and used the GO marketing dept instead.
I'm waiting for all the BA-like wannabe cadet questions to start pouring in over the next few months...
At the bottom of this argument lies the experience of a Mr Souter, who founded the stagecoach company, and realised that a wage bill is the single biggest way to ensure you don't meet your profit targets, and hence took a different approach to wage demands for his drivers. I cannot see pilot salaries suddenly changing in their general downward trend.
I see no reason for not having this debate. No-one in their right mind would not apply if they met the criteria and their aims are sound. My view of being expensive was incorrect, as I thought you had to pay money up-front yourself, this is not the case.
Of course, if you are under 26, then apply for the post. You would be mad not too, and will regret not doing so. Training in Mordor for a year should be fun too, and you'll be one of the very few airlines that is growing, has investor confidence, and has an order book for new aircraft. I just wish they'd dropped the Orange paint, and used the GO marketing dept instead.
I'm waiting for all the BA-like wannabe cadet questions to start pouring in over the next few months...