ATP Can Finance everything
#81
50 year old “career-changer” with zero time?
How about you get a private license before you decide about trying to make a career in flying and blowing all your savings on getting all the necessary ratings. It’s a required first step regardless. Then if you like it and aren’t intimidated by the fact that all that training can go down the tubes with one bad physical, yeah, take out a loan the cheapest place you can get it.
How about you get a private license before you decide about trying to make a career in flying and blowing all your savings on getting all the necessary ratings. It’s a required first step regardless. Then if you like it and aren’t intimidated by the fact that all that training can go down the tubes with one bad physical, yeah, take out a loan the cheapest place you can get it.
Oh, and add 15-25% to any quotes you receive for estimated training costs.
#82
Training averages vary wildly depending on circumstances. National average for the Private pilot is around 80 hrs which is probably double of what you’ve been quoted.
How’s your current 401k? How’s your pension set up? Are you currently on track to retire at 60-65? Do you rent or pay a mortgage? What is your monthly budget? Can you cut it so you can live on $25k-$30k/year and not loose your house?
We don’t need to know the answers but you do.
Since you’ll be doing this semi part time it will take 3-4 years to get to 1500hrs.
That leaves 10 years till mandatory retirement from 121 Airline flying. Yes you could continue Part 91 and Part 135.
I would consider more then just a Class 1 medical, I would consider a full 100% astronaut physical including blood work, cancer screenings and the works.
Dumping your savings and potentially loose your medical in a couple years because of a dormant condition is not the way you want to go. You could already be borderline for a Clas 1 medical on a couple of big ticket items.
Honestly this requires a 3-4 hr conversation with a knowledgeable person.
How’s your current 401k? How’s your pension set up? Are you currently on track to retire at 60-65? Do you rent or pay a mortgage? What is your monthly budget? Can you cut it so you can live on $25k-$30k/year and not loose your house?
We don’t need to know the answers but you do.
Since you’ll be doing this semi part time it will take 3-4 years to get to 1500hrs.
That leaves 10 years till mandatory retirement from 121 Airline flying. Yes you could continue Part 91 and Part 135.
I would consider more then just a Class 1 medical, I would consider a full 100% astronaut physical including blood work, cancer screenings and the works.
Dumping your savings and potentially loose your medical in a couple years because of a dormant condition is not the way you want to go. You could already be borderline for a Clas 1 medical on a couple of big ticket items.
Honestly this requires a 3-4 hr conversation with a knowledgeable person.
Last edited by TiredSoul; 01-05-2022 at 12:47 PM.
#85
Gets Weekends Off
Joined APC: Feb 2019
Posts: 307
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