flight training and financing
Thread Starter
Joined: Sep 2007
Posts: 7
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From: CA
flight training and financing
how much is flight training?
how much did you pay from zero to turbine helicopter pilot?
would be interesting to get some real figures...
how did you finance it? can anybody give me some advice?
where to get the money? :-)
thanks
how much did you pay from zero to turbine helicopter pilot?
would be interesting to get some real figures...
how did you finance it? can anybody give me some advice?
where to get the money? :-)
thanks
Hovering AND talking
Joined: Feb 2003
Posts: 5,711
Likes: 1
From: Propping up bars in the Lands of D H Lawrence and Bishop Bonner
Which country? Which licencing regime? Which type of licence (PPL/CPL/IR etc)?
Financing is very much a personal issue so don't expect too many answers here - what is applicable for some just wouldn't work for others.
Cheers
Whirls
Financing is very much a personal issue so don't expect too many answers here - what is applicable for some just wouldn't work for others.
Cheers
Whirls
Joined: May 2002
Posts: 164
Likes: 0
From: A cold country
verticalairborne, an impossible question to answer specific with so little info you are giving us ..
But here are the financially topics you'll have to figure out ..
1: The total cost of the course(s) incl. everything like VAT, fee's, possible fuel surcharge, insurances etc. etc. etc. - it's not only the cost of the course the fight school mention
..
2: I say, add approx. 15% to that cost found in #1 for unforseen expenses and possible extra training ..
3: If you loan some of the money, add in the cost of the interest it will take until the loan has come to a zero after maybe 5-15 years ..
4: Find what income you would have had in your current job/career for the next 3 years, as that is the approx. time it should only take from zero to 500/1000 hours and that income is now gone. Expect not to make human-money that gives you a living as previously, before you've passed 500/1000 hours. So are your current expenses set up for a normal sallery, time to cut down and go back to eat Ketchup on your pasta for the next 3 years (not Heinz since that is too pricy at this stage) - IF, I underline IF you after graduation find a CFI/FI job, don't expect a normal salery especially in the states, though you might be able to add a little ground beef on your pasta now. And that goes along as well for other lowtimer jobs out there you will have to hunt for along with everyone else ..
- After 1000 hours, with luck just 500, the right personality, some luck that incl. being open for any oppertunity, things should start to turn around for the better, not working for peanuts and feeling being taken from behind
..
Becoming a pilot is like starting your own business. It takes a lot of effort, time, blood, sweet and tears (and money) to bring it up and running well. A lot of help, understanding and support from family and friends and expect to live out of nothing for the first 1-2 years after graduation before the real money start to roll in on your bankaccount ..
Or becoming a pilot is like cranking a jetengine. It takes time and carefullness to crank it up before its selfsustaining without blowing it up
..
Just my five cents. Can't afford more right now
..
- madman
NB: Personally, some savings and found a very well understanding bank, who know how the aviation business works for upcoming pilots ..
But here are the financially topics you'll have to figure out ..
1: The total cost of the course(s) incl. everything like VAT, fee's, possible fuel surcharge, insurances etc. etc. etc. - it's not only the cost of the course the fight school mention
..2: I say, add approx. 15% to that cost found in #1 for unforseen expenses and possible extra training ..
3: If you loan some of the money, add in the cost of the interest it will take until the loan has come to a zero after maybe 5-15 years ..
4: Find what income you would have had in your current job/career for the next 3 years, as that is the approx. time it should only take from zero to 500/1000 hours and that income is now gone. Expect not to make human-money that gives you a living as previously, before you've passed 500/1000 hours. So are your current expenses set up for a normal sallery, time to cut down and go back to eat Ketchup on your pasta for the next 3 years (not Heinz since that is too pricy at this stage) - IF, I underline IF you after graduation find a CFI/FI job, don't expect a normal salery especially in the states, though you might be able to add a little ground beef on your pasta now. And that goes along as well for other lowtimer jobs out there you will have to hunt for along with everyone else ..
- After 1000 hours, with luck just 500, the right personality, some luck that incl. being open for any oppertunity, things should start to turn around for the better, not working for peanuts and feeling being taken from behind
..Becoming a pilot is like starting your own business. It takes a lot of effort, time, blood, sweet and tears (and money) to bring it up and running well. A lot of help, understanding and support from family and friends and expect to live out of nothing for the first 1-2 years after graduation before the real money start to roll in on your bankaccount ..
Or becoming a pilot is like cranking a jetengine. It takes time and carefullness to crank it up before its selfsustaining without blowing it up
..Just my five cents. Can't afford more right now
..- madman
NB: Personally, some savings and found a very well understanding bank, who know how the aviation business works for upcoming pilots ..
Joined: Jun 2008
Posts: 6
Likes: 0
From: Rotorua, New Zealand
I don't even want to think about how much it will cost, I'm only starting myself and for a base CPL[H] 150 hrs plus exam fees in NZ it's about $75,000 or 36,600 Euro.
I'd like to get to ATPL[H], convert it to European and fly in the Northern Hemisphere.
I'd like to get to ATPL[H], convert it to European and fly in the Northern Hemisphere.
Joined: Dec 2000
Posts: 1,669
Likes: 5
From: uk
UK JAA modular CPL, FI and ME IR with ratings on R22,R44,B206/206L and AS355. I reckon I spent about £110-117K by the time I've factored in all the costs
Glad somebody else now covers my costs
Glad somebody else now covers my costs
You got there before me, FW!!
