Having read the above posts i'm utterly amazed at the way some of you are just signing up to either going bust or an IVA and not paying what you owe. You are ruining the borrowing potential of people who are wanting to join this industry because loans for aviation training will become high risk!

STATLER welcome to Blair/Brown's Britain.......:{

Balpa, please look at this paying fo TR's situation. No other profession has this. But maybe it's the pilot community fault, ie I believe a trainee lawyer starts on a low salary whils he's doing his "articles" (apprenticeship) and accept this. After this they get onto the good money. So if wannabe pilots started accepting the less "glamourous" jobs after gaining their atpls, instead of trying to out jump everyone else (using financial clout) onto the big shiney jets, this paying for TR's fiasco would stop. Just a thought ......Bringing back the self-improver route would also help> What was wrong with old CAA system. JAR is just a licence to print money !!!!!!!!!!!!!!!!

Good. This is the best news I've heard in ages :ok:

That is exactly what is desperately needed.

It will become?

What would you call it now where - let's be kind, and call them the financially retar.. naive - if they're lucky, they get a flying job earning what they would working full time in a pub or a warehouse?

I hadn't taken that view but see where your coming from, It probably is needed to realign the balance.

It was the moral side of things I was getting at, if someone is so morally corrupt to default on loans in this manner how morally corrupt are they going to be on the flightdeck?

I racked up a good 87,000 by the end of training!!!