61.159c2

I don't know why folks are saying it doesn't count as total time, it does. The regs give flight time limitations for how much flying an FE can do and there is a requirement for 50 hours of flight time every 6 months to remain current. Now whether down the road if someone is going to be impressed when you show up with 4000 TT and only 1000 airplane may be a diffent story. Some airlines don't count helicopter time. You'll have a column of F/E time and if they don't want to count that time just subtract it from your total time.

I can only think of 4 cargo companies with 727s and only one has smaller aircraft too. You need to ask them if this is only going to be a PF/E position or if you'll be able to upgrade.

What Cactus Mike is alluding is seat swapping. Back in the day some captains would allow their F/Es to fly some legs. After United crashed in DTW with the F/E in the right seat just about everyone stopped doing that. But you don't need a SIC type to fly right seat unless you fly internationally - what you do need is training and checking for the right seat. I'd be real leery of putting any time in the logbook without having a checkride for the seat. Then how would you explain 4000 TT, 1050 of which is pilot time and 50 in the 727 with 2950 F/E? "So Mr. Behay did you just upgrade on the 727?" "No, I was the F/E but they let me fly some."

One thing to consider is the FAA just came out with life limits for the 727. I can't find the number now but I believe it was 30,000 cycles with no hard hour limit. I think it becomes effective in 2013. FedEx is parking their 727s and I don't know if the other three operators will be able to come up with an alternate inspection program. So I doubt you'll be stuck on the Seven Two very long. Of course I had 13 fun years on it.