I agree with you that Morbz take on the situation would be very interesting but I guess from the timing of the posts he is still under traning.
The very impressive setup that CTC have is a long way from Gatwick & Luton and I would think that the CTC management would like to keep it that way, feedback from the "front line" might well discourage the young hopefulls from parting from their money.
CTC are a quality training providor but they have a business model that requires a large input of students to part with money to keep the business running and so for their own survival they have to keep training pilots dispite the fact that there are no "real" jobs at the moment for low timers.
You have to ask if it would not be better to go along the moduler route, you could get the fATPL exams & CPL flight test done for about £30,000 and then sit on the fence untill the market starts looking up. Then do the IR & type rating. The cost is unlikely to exceed £70K and if you keep a job while doing this you wont have a CTC size debt of IRO £ £120K
-"The problem is that the likes of Easy Jet and others are making you pay for line trainning and then when you are finaly line checked they give you a contract, THEY DONT EMPLOY YOU. This contract is paid by the flying hour, it all sounds good so far? The snag is that they have no incentive to have you fly for them and pay you as long as they can fill the seat with another person who is paying the airline for line training."
A and C can I ask what airline are you working for or perhaps what school you have graduated from? Im a bit muddled with what you are saying, I think I get the specific company and setup you are talking about but just to be sure...
-"With the market as it is you would be unwise to enter into a training contract with those who are peddeling the flashy brochures."
This stands true for the past year and perhaps the next 6-12 months to come. Although saying this there is set to be a big improvement in about a year to 2 years time so personally if you did choose an integrated school then starting the training in 6 months in my opinion would more than likely work out perfect for you for when you graduate 18 months down the line. Think of those who trained in the booming economy, they came worse off!
-"A post above from a person who is with one of these providors shows boundless enthusiasum and spins the company line very well but at the end he is unlikely to make enough money to pay the installments on a very large bank loan"
First of all this is obviously thrown at me so next time just quote my name. Secondly you are quite right, the cost of training is ridiculous and nothing can change that, as can nothing change a young guys tunnel vision to getting to the one ultimate goal! I might be criticised for not going modular- so be it, nobody could really ultimatly predict how deep the depression would be or when it would occur for that matter. Your comment at the end however isnt srictly true for me specifically, without going into too much private detail I have a "flexi" type loan which I am able to manage with payments of as much or as little as I want, so no, I wont be struggling. And in a few years time when I do get a decent airline job- which will happen things wont seem too bad, and hopefully the debt will be clear within 8 years. Clearly this is a lot of money to pay back and many people will no doubt laugh at anyone in such debt, but its difficult to make a good decision on which route to take, you've no doubt read the debates yourself. For me it was clear that an integrated route with a well known school was the best way to get you into a job so thats the route I took, and it always has been the best way, its merely a shame the economy took a turn in the way it did. But being hopeful without totally ruining a budding young pilots view on an integrated school- economy aside they will get you where you want to be and fast, you just have to work hard for the first 8 years or so and accept that debt is the only realistic way for many- even going modular you can encounter some form of debt! Each to their own. Flying is expensive, nothing will change that.
Oh and to the pointless posters on this thread (and the guy who clearly made up another account to defend himself) take it somewhere else, people dont want to read immature dribble.
"CTC are a quality training providor but they have a business model that requires a large input of students to part with money to keep the business running and so for their own survival they have to keep training pilots dispite the fact that there are no "real" jobs at the moment for low timers"
This is spot on. As with all companies they need the money off cadets even if theres a brick wall at the end for a while, this is just business. The newbees coming into the training only see the shiny covers on the brochues as such and not what is really in the middle. I was the same- came into it not strictly knowing all the inside out facts, there have been a lot of eye openers during the course.
But putting the bad stuff aside and the heavy censorship they and other big companies sling on their negative points, if the economy was good then their shiny covers would be more than truthful, its just a shame things are as they are now.
I partially agree with the modular route right now- but I would be in more favour of just delaying integrated training, but as the argument drones on - we all get the same license at the end of it so its down to personal choice and proven employment results with airlines.
I've just looked at the U tube link posted by A& C. Page 11 says that £70k equals $160k. I don't think EasyJet had been formed when this rate existed! So if a simple financial rate fails a quick gross error check, clearly not reviewed before posting, where's the confidence in the rest of the analysis?
This is GregRoy on a new account after trying to retrieve my last account didn't work. I would just like to thank everyone for all the information it has been really helpfull.