Airlines making rentals virtually free for pilot training?

Discussion in 'Flight Following' started by Tom Wells, Sep 22, 2022.

  1. Greg Bockelman

    Greg Bockelman Touchdown! Greaser!

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    None specific. I just know a colleague of min went to work for one after he retired from United.
     
  2. Initial Fix

    Initial Fix Line Up and Wait

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    It doesn’t sound like a bad idea. I’ll guess they have a long waiting list
     
  3. MauleSkinner

    MauleSkinner Touchdown! Greaser!

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    Like any time-building, it probably depends more on the individual than anything else. There are those for whom it will be beneficial, and those for whom it won’t.
     
  4. TCABM

    TCABM En-Route

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    Amortizing out 1000hrs @$25/hr over 36 months is $694/mo. That’s the loan payment during your 3-yr training contract with Mesa. I’m guessing if you don’t stay with the company for the entire 3-years, there’s a healthy repayment trigger due within a very short time frame.

    After student loans, flight training loans, this MOD loan, I’m guessing that’s not going to leave a lot leftover at the end of the month even if you’re crediting 1000hrs/yr at $100/hr. Debt service is on top of food, shelter and other expenses.

    Maybe I’m weird, but I’ve never been able to justify paying a company for them to allow me to qualify for employment with that company. Seems like a strange model.
     
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  5. Jeff Oslick

    Jeff Oslick En-Route

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    You know, you still have to pay income taxes when you work for the Federal government. :D
     
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  6. MauleSkinner

    MauleSkinner Touchdown! Greaser!

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    They’ve got to pay somebody, and a $25k loan is cheap compared to what a lot of pilots have done.
     
  7. Jeff Oslick

    Jeff Oslick En-Route

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    I'm sure an ATP making solid six-figures would be able to refi that loan through a personal note with a bank if needed to move on. Unless they've already finalized their first divorce.
     
  8. TCABM

    TCABM En-Route

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    With a CSEL these pilots should be paid to fly, not entering a 3-year pay for your own entry-level qualification contract. Especially in an industry where you’re one medical or furlough from being out of a job you just paid to get.

    But people are going to do it.
     
  9. MauleSkinner

    MauleSkinner Touchdown! Greaser!

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    I agree on both counts. Unfortunately the jobs that they can get apparently aren’t worth their time.
     
  10. TCABM

    TCABM En-Route

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    [​IMG]
     
  11. Tarheelpilot

    Tarheelpilot Final Approach PoA Supporter

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    That sounds like a terrible idea. I have a buddy that just retired. He’s trying hard to find a place to work. Crazy…

    I love my job. I could retire today with fond memories. Unfortunately I need more money in the retirement.
     
  12. Jeff Oslick

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    Other than flight instructing, there simply are not enough CP flying jobs available for the demand for flight hours. The flight instructing gig also becomes a bit of pyramid scheme where each new CFI needs enough students coming in to support their job.