The "EUROPILOT Program"
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The "EUROPILOT Program"
Has everyone seen this advertised in Flight International this week? If not, have a look at their website at www.epst.co.uk. It is claimed that there is full funding for candidates selected on the program. This is in the form of a loan but there appears to be securities if you don't make it! Seems sort of "too good to be true". I have started filling out the application form anyway. Has anyone else got any experience of the company (EPST? Or any views on the whole set up would be appreciated. Cheers, Steve.
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I agree, seems very very good, maybe a little too good! I don't know! can anyone else shed some light on the subject?
The only comment I have is that it seems quite expensive for the original assesments especially when u might not get in. Does anyone know what the pass rate for them is??
Very comprehensicve course by the loosk of things though!
The only comment I have is that it seems quite expensive for the original assesments especially when u might not get in. Does anyone know what the pass rate for them is??
Very comprehensicve course by the loosk of things though!
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I know loads of people who have done this course. They went through the Cabair intergrated course, (same as me) and then when passed that they go to the ATP Academy and do the MCC, and then do a type rating on a jet normally. Some are at Easyjet, Jmc, Go, even some went to BA I think. Competition must be quite high, most guys pass through everything first time, and are really switched on people, a few have slipped through and struggled, or been chopped as they say. Seems a really good opportunity, just wish it was that easy to get a jet job for all of us.
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So far, all those that have gone through and passed (i.e. received a licence!) are now employed with an airline of some kind. That's 100%. Maybe a little more cash up front, but a job almost directly after training has to be a good offset.
Worth a look - they are now supplying to schools other than Cabair (not instead of, including).
Worth a look - they are now supplying to schools other than Cabair (not instead of, including).
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Ennie,
You said you know a lot of people who have done this. It seems however a lot of money to have to pay back after gaining your first post. How much money and over how much time did the people you know have to pay??
Also, do they feel that the amount that they are paying back over a week/month is fair??
I`m interested but not I feel that I could probably get my frozen ATPL checper and wouldn`t have to put myself under as much pressure with repayments.
[This message has been edited by flighter (edited 27 June 2001).]
You said you know a lot of people who have done this. It seems however a lot of money to have to pay back after gaining your first post. How much money and over how much time did the people you know have to pay??
Also, do they feel that the amount that they are paying back over a week/month is fair??
I`m interested but not I feel that I could probably get my frozen ATPL checper and wouldn`t have to put myself under as much pressure with repayments.
[This message has been edited by flighter (edited 27 June 2001).]
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I couldn't tell you how much they have to pay back exactly to be honest. It may be the case of paying back half the costs of training, i.e Cabair etc, and maybe all of the type rating course I don't know for sure. So your looking at a good wod of cash, but in my eyes would be worth it!!.
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Fortunately all those promises that are made by this company are true. I should know since I'm one of those placed at an airline. Initially the program only allowed Dutch/Belgian candidates, this was due to the financing of the bank in question giving a guarantee of a loan I presume, but other people were allowed to join in provided did could sort out their own finances(?).
Now all are able to do this program, and to be honest I think it is one of the best ways to get your first job, usually on a jet as well!
These are the airlines with placements since 1997:
Airline Type
EasyJet B737
Leisure International A320
Monarch A320
British European BAE146 and CRJ
British Airways A320 and B737
Transavia B737
Martinair B767/MD-11
Mearsk Air B737 and CRJ
JMC/Flying Colours B757
EasyJet Switzerland B737
Dutch Bird B757
GO B737
At the company I work for almost 10 have been taken on in the last year! Is that a good first job or what.
So it costs you a bit more initially, but a guaranteed placement for 6 months at the end of it including a (free) type-rating (no additional costs, airlines pay it for you!) is definately a chance worth going for.
Now all are able to do this program, and to be honest I think it is one of the best ways to get your first job, usually on a jet as well!
These are the airlines with placements since 1997:
Airline Type
EasyJet B737
Leisure International A320
Monarch A320
British European BAE146 and CRJ
British Airways A320 and B737
Transavia B737
Martinair B767/MD-11
Mearsk Air B737 and CRJ
JMC/Flying Colours B757
EasyJet Switzerland B737
Dutch Bird B757
GO B737
At the company I work for almost 10 have been taken on in the last year! Is that a good first job or what.
So it costs you a bit more initially, but a guaranteed placement for 6 months at the end of it including a (free) type-rating (no additional costs, airlines pay it for you!) is definately a chance worth going for.
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I have just checked out the website. Yes, its expensive, but after trying the sponsorships and not getting any joy, I think this is a good opportunity for that first job!
Get filling the forms in.
(As for the 300 or so quid, just forfeit a few hours in the 152 to cover the cost!)
Get filling the forms in.
(As for the 300 or so quid, just forfeit a few hours in the 152 to cover the cost!)
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Sorry Ennie, don't think that was me though. Haven't been flying to BFS on a friday for many months. But as I said, there are a quite a few "Europilot"-cadets in our company, most of them have by now finished their 6 months 'experience' and are fully employed with all its luxuries and stuff. Might bump into you on a later day though....
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If you do a search for EPST you will find many discussions about this a few weeks back mostly started by me. I'm still brushing up my application since I can arrange the funding.
Anyway, must dash.
Graeme Scott
[email protected]
Anyway, must dash.
Graeme Scott
[email protected]
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Can anyone explain to me whether you need to organise a 'compass test' before you apply or whether applying starts the ball rolling and they contact you with a date for this test? The application form has a yes/no question as to whether you've done it or not, but the website says that registered candidates will be told where and when the test takes place for the Europilot program. Does sending the application form in register you? Thanks for any help.
Andrew.
Andrew.
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Although this 'Europilot' scheme seems like an interesting prospect, especially with the reputable flight schools involved and the good employment record, there are certain points that have been brought up in past threads but have not been addressed.
- the selection tests seem very expensive (compared to AFT - free + a couple of circuits in a Warrior, and OAT ,75 quid) what are the pass rates?
- what will the repayments be for a huge $88,000 loan?
Ennie, you said you know 'loads of people' on the course , can you fill us in on anymore information ?
- the selection tests seem very expensive (compared to AFT - free + a couple of circuits in a Warrior, and OAT ,75 quid) what are the pass rates?
- what will the repayments be for a huge $88,000 loan?
Ennie, you said you know 'loads of people' on the course , can you fill us in on anymore information ?
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I agree, the concept of ESPT seems like a great idea - a 'no money up front' package enticing potential airline pilots with offers of well paid jobs with major airlines.
Also, possible selection by BA is a major selling point. Excellent for BA too - they get to observe potential candidates during the training process (identical to their own Cadet Entry Programme) and hand pick the best pilots for themselves. Thus, they virtually eliminate any of the risk (and the vast majority of the cost)of their own training programme. There is, therefore, a mutual incentive for candidates to excel and the 'majors' to take a positive interest.
Whether the $88.000US (around £62.000)loan from ABN-AMRO is a prudent financial undertaking is another question. Also those (presumably the majority) who are not selected by BA have to pay an additional £7000 to cover Jet Orientation as this is not included in the $88.000US loan. The website is rather sketchy regarding the issue of loan repayment, but indicates that it would probably be repayed over 10-15 years. Not sure what the interest rates are, but you can be sure that ABN-AMRO are not offering this out the kindness of their hearts!
Just a few thoughts, but I'll certainly give them a call and ask some more questions......
Also, possible selection by BA is a major selling point. Excellent for BA too - they get to observe potential candidates during the training process (identical to their own Cadet Entry Programme) and hand pick the best pilots for themselves. Thus, they virtually eliminate any of the risk (and the vast majority of the cost)of their own training programme. There is, therefore, a mutual incentive for candidates to excel and the 'majors' to take a positive interest.
Whether the $88.000US (around £62.000)loan from ABN-AMRO is a prudent financial undertaking is another question. Also those (presumably the majority) who are not selected by BA have to pay an additional £7000 to cover Jet Orientation as this is not included in the $88.000US loan. The website is rather sketchy regarding the issue of loan repayment, but indicates that it would probably be repayed over 10-15 years. Not sure what the interest rates are, but you can be sure that ABN-AMRO are not offering this out the kindness of their hearts!
Just a few thoughts, but I'll certainly give them a call and ask some more questions......
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Just for your information, having done the Europilot programme, albeit in its original state, the loan-thing worked out as follwes:
The initial loan is for the education/training, added to that loan is a smaller one to cover insurance, interest and personal expenses during the training. The interest during training was about 8.5%.
After initial training is over there are no additional loans or costs to the programme. The AFMCC course, Jet Orientation Course and eventual Type Rating were being paid for by either the CTC/ATP Academy or the airline.
The payback of the loan can be doen with as little as 6.00% finance at this moment in time and your looking at a 20 year pay-off of your debts.
Hope this helps.
The initial loan is for the education/training, added to that loan is a smaller one to cover insurance, interest and personal expenses during the training. The interest during training was about 8.5%.
After initial training is over there are no additional loans or costs to the programme. The AFMCC course, Jet Orientation Course and eventual Type Rating were being paid for by either the CTC/ATP Academy or the airline.
The payback of the loan can be doen with as little as 6.00% finance at this moment in time and your looking at a 20 year pay-off of your debts.
Hope this helps.