Financing a Type Rating
01-04-2009 | 05:52 PM
#31
Line Holder
Joined: Feb 2007
Posts: 1,292
Likes: 1
I interviewed with a company that wanted me to pay for my type ($10k). I tried negotiating them paying me back over 12 months, but they wouldn't hear anything of the sort.
They simply said, "this is the way the industry is now"... so I politely told them no thanks.
I'm still looking for work =/
But it's the principle of it.. for them to expect me to pay for initial type and not even try and negotiate with me.. must mean there are plenty of guys out there willing to pay for the type, and that's sad.
They simply said, "this is the way the industry is now"... so I politely told them no thanks.
I'm still looking for work =/
But it's the principle of it.. for them to expect me to pay for initial type and not even try and negotiate with me.. must mean there are plenty of guys out there willing to pay for the type, and that's sad.
01-04-2009 | 06:14 PM
#32
Line Holder
Joined: Sep 2008
Posts: 38
Likes: 0
From: Corporate
I had a charter company pay for my first type, LR-JET, and the biggest airplane I had flown was a Baron (2600TT, 700ME, ZERO turbine). Got my ATP during the type checkride too. No excuse for paying for your own rating- I am glad I got into the game before this type of thinking takes over, you guys will eat yourselves alive...
01-05-2009 | 04:15 AM
#33
Doing One Pilot's Job
Joined: Sep 2005
Posts: 7,894
Likes: 143
Please tell us the name of this operator...
01-06-2009 | 05:45 PM
#34
Gets Weekends Off
Joined: Oct 2006
Posts: 321
Likes: 0
From: I only fly multi-winged airplanes.
I had a charter company pay for my first type, LR-JET, and the biggest airplane I had flown was a Baron (2600TT, 700ME, ZERO turbine). Got my ATP during the type checkride too. No excuse for paying for your own rating- I am glad I got into the game before this type of thinking takes over, you guys will eat yourselves alive...
Did you have help from someone on the inside of the company??? Was it unusual for the company to type someone with no turbine time???
01-11-2009 | 02:20 PM
#35
Gets Weekends Off
Joined: Feb 2007
Posts: 295
Likes: 0
From: DAL 737 FO
Hard work, networking, and a little bit of luck. Sometimes your break comes a year or two after you want it to come. Trust me, I was frustrated trying to break into the corp. world myself and it happened when I wasn't even looking.
01-13-2009 | 02:32 PM
#36
Line Holder
Joined: Sep 2008
Posts: 38
Likes: 0
From: Corporate
No, I didnt know anyone at the company- I simply responded to an ad on climbto350.com. The company had no problem hiring FO's with 2000TT and 500ME with no jet time.
01-13-2009 | 03:45 PM
#37
On Reserve
Joined: Jun 2006
Posts: 23
Likes: 0
From: C172 Right seat
Hey Jax, I don't know if anyone else had said it before, but I believe you may want to try Bank of America. They seem to be the only people left that are still willing to finance some of the local flight schools for training. I think the interest rates were at the 12-13% area. Good luck.
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