If you are in a position where you need a bank loan to fund your flight training through a secured loan, you will either need to own a home with a value in excess of £150,000 (most banks will only lend up to around 60% of the value of the property) or be in a position where someone (usually parents) are prepared to take out a loan on their property on your behalf. 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 other main regulatory body is the Federal Aviation Agency (FAA) which governs flight training … We also have a range of plans with rates up to 65.2% allowing us to help customers with a range of credit problems. After the initial payment of £14,000 you make 12 payments of £4,163. 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. Sure Aviation Finance does not charge customers a fee for using its broker services, but it receives a commission from lenders or other brokers if a customer enters into a consumer credit agreement with a lender or broker following an introduction through this website. During your course, you will … Information about Career Development Loans is available here: https://www.gov.uk/career-development-loans/. 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. E&OE. Pilot training courses. Pilot training financing In addition to flight school loans, you can find funding specifically for aviation training. 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. Boeing continuing to predict unprecedented growth for airlines. Your options may be limited, but some lenders offer dedicated pilot loan programs or loans for trade schools … The civil aviation flight training and simulation market is anticipated to reach a CAGR of 12. PPL holders need to pass all 14 ATPL Theoretical Knowledge exams to qualify to start any modular commercial pilot flight training in Europe. Read the full article in the business section of The Telegraph online. Unfortunately for a lot of people, financing the flight training is the biggest obstacle to becoming a commercial airline pilot. 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. E&OE. 23 April 2014. There are now no UK airlines who offer full sponsorship, meaning the cost of flight training … The prospects for graduates are very positive – with Boeing continuing to predict unprecedented growth for airlines globally over the next 20 years. Professional Career and Development Loan Register, https://www.gov.uk/career-development-loans/. No deposit. One of the biggest obstacles in achieving your aviation goals can be the associated costs. The total amount repayable will be £14725.20 (This includes a lender fee of £495 and a broker fee of £1000 which have been added to the loan.) Remortgaging releases equity built up in your home. You may be able to borrow between £300 and £10,000. A Secured Loan is a second charge loan generally taken out against your home. This programme covers everything from aviation finance and economics, to airline management is highly recommended if you would like a career as a commercial pilot. VAT No: GB 883 4594 78. In the past, several banks offered loans for professional development to young pilots. Our easy, affordable programs are for part-time training. You must be a UK or EU national with rights to live and work in the UK to be considered and the loan must be secured against a UK residential property. You could then use savings to kick start your training. Option 3: Flight training finance specialists. 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. EASA ATO.GBR.0152. Can’t thank you enough. In fact, training to become a pilot in the UK is incredibly expensive so you need to be sure it's the right path for you before committing to a course. … - The aviation industry is witnessing a growing global pilot demand, which, in turn, is leading to a high demand for training aircraft and simulators in flight … Some airlines have training partnerships or sponsored placements with pilot training schools. If you wish to discuss financing options with us, please give us a call on: +44 (0) 1202 596 955. Sure Aviation Finance offers the widest choice of Secured, Unsecured and Remortgaging options for individuals looking to gain an Airline Pilot License. Can many 19-year-olds say they were earning £25,000 per annum in their first full-time job? Training for a pilot licence. Once you’ve checked over the criteria and verified that your provider is listed, you just need to apply to one of the two banks which take part in the programme (Barclays and Co-op). Potential Costs Our programmes are fully self-funded, for further details about the costs involved please visit the flight schools … All prices include VAT (unless stated otherwise) and are subject to our Terms and Conditions. Flight training finance specialists There are a number of companies that offer loans specifically for modular and integrated pilot training. SC346006 . Company No: 05781356. The process is similar to applying for a mortgage. Option 3: Flight training finance specialists, There are companies which offer loans specifically for pilot training such as Pegasus Finance. 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. FTA’s modular course page for more information. Pilot is recognised as a leading expert on Teachers’ Pensions and works with schools across the UK, providing services to governors, head teachers and their management teams. Registered Office: Caʼdʼoro Building, 45 Gordon Street, Glasgow, G1 3PE. Enquire Once the nine-day review is finalised, the FAA plans to “incorporate the findings” into the draft FAA Flight … They are based on full time attendance and might be subject to change without notice. Course prices are discounted when compared to aircraft standard hourly rates. 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. Cost of commercial flight training A commercial-pilot flying licence does involve spending a lot of money. Becoming a pilot in the U.K. or Europe means your pilot training will be regulated by the European Aviation Safety Agency (EASA) and your training will be tailored to meet EASA requirements. hbspt.cta._relativeUrls=true;hbspt.cta.load(2246509, 'f5ab2eea-40a8-49f0-8eb5-6dc86691a1ad', {}); Wingfield House “I would recommend Pegasus Finance to anyone. 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. AOPA Aviation Finance, for example, offers multi-rating (private and instrument) … Thereafter we should be able to give you a final decision within 24 hours. Maximum APR 65.2%. Integrated vs modular – which is the best way to get your frozen ATPL? Perhaps the most common inquiries we receive is whether or not we offer flight training loans or options for financing flight training… Chances are, you will find us right at … FTA cadets pay  an initial £14,000 (to enrol on an integrated course) after which the balance is paid over 12 months. A full loan application normally takes only around 10 mins to complete. © Flying Time Limited 2014. VAT No: GB 883 4594 78. To give you a better idea, pilot training … Sure Aviation Finance is authorised and regulated by the Financial Conduct Authority No 816876. Read all about the prospects of pilot careers on the following website: prospects.ac.uk. Once you've chosen the course you want to do, you need to check that your provider is on the Professional Career and Development Loan Register, or that they’re applying for registration. There are a few banks that will lend larger amounts of money with security - usually in the form of a property. Brighton City Airport Flying Time Limited is registered in England and Wales.Company No: 05781356. Privacy Policy Sure Aviation Finance is a trading style of The Hub Branding Consultancy Limited. The three-course package costs £24,950 and usually takes around 3-4 months to complete, subject to weather and student performance. Finance Advice. Plan to work in the UK, European Union, or European Economic Area after the course. It’s not just starting salaries that prove attractive. 43%, during the forecast period. An Unsecured Loan (often referred to as a Personal Loan) is a loan that is not secured on an asset, such as your home. West Sussex It IS possible to become a pilot just if you work hard and you do it the modular way. Typically the cadet will enrol on the course and repay their course fees upon successful completion of their training. Useful documents and website: Example training costs (pdf) Raising the finance … As a leading UK finance broker, Pegasus help customers take charge of their finances with their quick and easy five star rated loans for flight training. Terms & Conditions, LOANS – Rates from 3.65% variable. Finance from £10k - £2M. So, work hard and the opportunities are there for the taking. They are based on full time attendance and might be subject to change without notice. Training. Pilot training costs can easily be compared with those of going to university. Flight Training Loans | How To Finance Your Flight Training. Sure Aviation Finance is the UK's leading pilot training loans specialists. BN43 5FF, UK. Have been living in the UK for at least 3 years before your course starts. Click here to send us an inquiry. 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. All prices include VAT (unless stated otherwise) and are subject to our Terms and Conditions. The multi-agency effort will see civil aviation authorities and airline flight crews from the US, EU, Canada and Brazil “review Boeing’s proposed training” for 737 Max flight crews. For many would-be pilots the costs of training are the greatest barrier to entry to the profession. If they are, remember to quote their registration number on your application form. To qualify for a Loan you need to be a homeowner. Fantastic friendly service straight forward no messing around. We also offer market leading deals on all Remortgage products too. EASA ATO.GBR.0152.Course prices are discounted when compared to aircraft standard hourly rates. UK University Aviation Degree Courses | FlightDeckFriend.com Registered in Scotland. CAA OCP1069. Representative 8.6% APRC variable. All rights reserved. It can take time to process your application, so do factor this in when you apply. 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. Exact fees differ depending on the route you take but we're talking thousands, in some cases hundreds of thousands. Be 18 or over (the Co-op has an upper age limit of 69). 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. 23 April 2014. Your starting salary upon completion is generally higher than that of a university graduate and you’re starting your career at a younger age. Details about applicant criteria and eligibility are available on the company's website: www.pegasuspersonalfinance.co.uk, A number of students fund their training with an inheritance or finances they’ve managed to save over time. There are companies which offer loans specifically for pilot training such as Pegasus Finance. Co Reg No. Visit FTA’s modular course page for more information. About Before you apply for a licence, you will need to complete a training course at a flight school. FTA's Integrated Flight Deck Programmes start at £63,950. Your pilot school will be able to tell you if they’re registered. FTA offers modular flight training and a competitive rate for completing your MEP, ME IR and ME CPL. 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