You don’t need to spend £100,000 or more to succeed. We provide 3 kinds of loans — Secured, Unsecured and Remortgages. The first 6 months will be classroom based in the UK; building your aviation … EASA ATO.GBR.0152.Course prices are discounted when compared to aircraft standard hourly rates. Sure Aviation Finance is a trading style of The Hub Branding Consultancy Limited. If this is still a stretch, you can chose to complete your training in phases. You can download a guide for the UK – although the situation may be different in your own country, the same principles are likely to apply. It can take time to process your application, so do factor this in when you apply. Option 3: Flight training finance specialists, There are companies which offer loans specifically for pilot training such as Pegasus Finance. All rights reserved. If you wish to discuss financing options with us, please give us a call on: +44 (0) 1202 596 955. Once the nine-day review is finalised, the FAA plans to “incorporate the findings” into the draft FAA Flight … Registered Office: Caʼdʼoro Building, 45 Gordon Street, Glasgow, G1 3PE. Cost of training varies by programme type and in some instances … To qualify for a Loan you need to be a homeowner. Flight Training Loans | How To Finance Your Flight Training. We have developed this course with our approved flight training partners. Our vastly experienced instructors will give you the in … VAT No: GB 883 4594 78. You can do this by calling our freephone number 0800 140 4609 or by completing our Enquiry Form and a member of our team will call you back. The overall cost for comparison is 8.6% APRC representative. An Unsecured Loan (often referred to as a Personal Loan) is a loan that is not secured on an asset, such as your home. Sure Aviation Finance is the UK's leading pilot training loans specialists. Information about Career Development Loans is available here: https://www.gov.uk/career-development-loans/. How you fund your training will depend on where you choose to complete your training, how (with an integrated or modular course) and your time frame. CAA OCP1069. The process is similar to applying for a mortgage. We Finance Flight Training It Is The Only Thing We Do. FTA's Integrated Flight Deck Programmes start at £63,950. All rights reserved. E&OE. So, work hard and the opportunities are there for the taking. You may be able to borrow between £300 and £10,000. A cool £63,950 is not the typical amount found in the average teenager’s piggy bank so if sizeable funds are an issue, it may be that you opt for the modular route to a frozen ATPL. Before you apply for a licence, you will need to complete a training course at a flight school. After the initial payment of £14,000 you make 12 payments of £4,163. While competitively priced and offering unmatched value given our placement rate, CAE ab initio pilot training is still a costly proposition. Whether studying via the modular or integrated routes, by the time you factor in ongoing living expenses over the eighteen or so months it all takes, you should expect to spend somewhere in the region of £50-60,000 to get your f ATPL. How you choose to fund your pilot training is of little consequence to your future employer. They are based on full time attendance and might be subject to change without notice. By taking a commercial pilot training course, many students have the ability to start earning as soon as they qualify, within 14-18 months of starting their course. Click here to send us an inquiry. VAT No: GB 883 4594 78. Exact fees differ depending on the route you take but we're talking thousands, in some cases hundreds of thousands. This is particularly useful if it’s easier for you to pay the money over time. We have worked hard to reduce costs and plan our courses, operations and resources effectively, which in turn, allows us to pass on savings to our cadets and their parents’, he says. Read all about the prospects of pilot careers on the following website: prospects.ac.uk. We also have a range of plans with rates up to 65.2% allowing us to help customers with a range of credit problems. All prices include VAT (unless stated otherwise) and are subject to our Terms and Conditions. Integrated vs modular – which is the best way to get your frozen ATPL? © Flying Time Limited 2014. Your pilot school will be able to tell you if they’re registered. Live life to the full and follow your dreams. 43%, during the forecast period. Registered in Scotland. Alternatively, fill in your contact details below and one of our members of staff will be in touch. Pilot training financing In addition to flight school loans, you can find funding specifically for aviation training. Professional Career and Development Loan Register, https://www.gov.uk/career-development-loans/. You can only apply to one bank at a time, but if the bank you initially apply to turns you down, you can still submit an application to the other bank. They are available at most flight schools nationwide. As Jonathan Candelon explained to Pilot Careers News in 2016: ‘There are many licenced and approved ATOs in the UK but a huge disparity in course prices…What could you do with the £40,000 saving in training costs?’, He goes on to add: ‘At FTA, we firmly believe that it’s not about getting the biggest loan or making that debt any larger than it needs to be. We offer Pilot Training Finance, Flight Training Loans, Pilot License Loans. No deposit. The civil aviation flight training and simulation market is anticipated to reach a CAGR of 12. With a range of undergraduate and postgraduate programmes available as well as a number of industry-led training programmes, the skills needs of the Irish aviation finance sector are well catered for. Representative example: if you borrow £10,000 over 10 years at an Annual Interest Rate of 5.14% (variable) you would make 120 payments of £122.71 per month. Professional and Career Development Loans are bank loans to pay for courses and training that help with your career or help get you into work. It can be tough to ask a parent to fund your pilot training, but it is worthwhile. We recognise the ATPL course price is a large investment and a big commitment, however, there are a number of finance and funding solutions for pilot training to consider. It’s not just starting salaries that prove attractive. Pilot training costs can easily be compared with those of going to university. You could then use savings to kick start your training. FTA’s modular course page for more information. Commercial Pilots consistently top the polls for the highest average salary, and this year the average salary of a commercial pilot was stated as the highest – a whopping £84,592 – above CEOs and Senior Officers. “I would recommend Pegasus Finance to anyone. Be 18 or over (the Co-op has an upper age limit of 69). PPL holders need to pass all 14 ATPL Theoretical Knowledge exams to qualify to start any modular commercial pilot flight training in Europe. Details about applicant criteria and eligibility are available on the company's website: www.pegasuspersonalfinance.co.uk… Sure Aviation Finance offers the widest choice of Secured, Unsecured and Remortgaging options for individuals looking to gain an Airline Pilot License. The pros and cons of integrated vs. modular can be found in our online guide: ‘Integrated vs modular – which is the best way to get your frozen ATPL?’. The programme will expose you to Virgin Atlantic’s standard operating procedures right from the start, with flight and simulator training tailored specifically to Virgin’s operational requirements. Courses are designed to train you for a specific licence. ‘FTA want pilot training to be more accessible for all. Can many 19-year-olds say they were earning £25,000 per annum in their first full-time job? Repayment terms up to 25 years. Have been living in the UK for at least 3 years before your course starts. A video to encourage you guys. Unfortunately for a lot of people, financing the flight training is the biggest obstacle to becoming a commercial airline pilot. Your starting salary upon completion is generally higher than that of a university graduate and you’re starting your career at a younger age. *Payments are based on the following loan amounts; $6,000-12,000 PPL, $7,000 instrument … Representative 8.6% APRC variable. We also offer market leading deals on all Remortgage products too. SC346006 . To give you a better idea, pilot training … The prospects for graduates are very positive – with Boeing continuing to predict unprecedented growth for airlines globally over the next 20 years. Details about these companies, along with applicant criteria are available online, search: pilot training finance You can apply for these loans for courses such as postgraduate courses; a specialist course at a privately owned learning provider, such as pilot training; Management courses, Technician level training; a National or Scottish Vocational Qualification (NVQ/SVQ) and courses leading to a professional qualification. The other main regulatory body is the Federal Aviation Agency (FAA) which governs flight training … Read the full article in the business section of The Telegraph online. … For many would-be pilots the costs of training are the greatest barrier to entry to the profession. To find out what your choices are you will need make an application. Our extensive experience in the sector also enables us … The most common methods to pilot funding … CAA OCP1069. 23 April 2014. Flight training finance specialists There are a number of companies that offer loans specifically for modular and integrated pilot training. 23 April 2014. AOPA Aviation Finance, for example, offers multi-rating (private and instrument) … AOPA Aviation Finance Company can provide you with the money you need. The three-course package costs £24,950 and usually takes around 3-4 months to complete, subject to weather and student performance. Typically the cadet will enrol on the course and repay their course fees upon successful completion of their training. Financial Conduct Authority No 816876 application form your Career at a younger age and., loans – rates from 3.65 % variable for graduates are very positive with... 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