Thinking about going back
 

Left colgan air in 2006 had to deal with divorce and settle my parents estate. Been nine years sitting on the side lines through the worst economic downturn since the great depression. My background be-1900 captain Business express 1995 colgan air 1998 Sf340 captain colgan air 2000.
11509 tt bunch of pic in both aircraft. Been thinking of selling my home to finance training , maybe I could get 10 years at a major air carrier. I am just worried about the risk. Miss flying a bit. Please ask to guide me. Home is all paid for.

Why would you need to sell your home to pay for training?

Judging by the years he was active, looks like he joined the industry back when you paid for training. Wait until he finds out they are offering signing/retention bonuses of up to $20k AND they pay for your training! ;)

In order to get hired at Legacy, ACMI, or Major you would most likely need to get some proficiency. You can get hired at a regional (they offer a signing bonus now) and than start applying to the Airline that you want to work at. I would pick an airline where you don't have to commute (if that is an option).

Don't come back

Run far, far, far away.

I can't tell you what you should do, but I can easily tell you what not to do in your case.

Never finance a depreciating asset.

Whatever you do, do not sell your home to finance anything, unless there is so much equity sitting in it you can:

1) pay cash for another home you KNOW you will like/enjoy (read: no note/mortgage)

and THEN

2) purchase what you want (in your case, flight training) in cash (never, EVER finance anything except a home)

3) DO NOT PERFORM THE ABOVE IN REVERSE ORDER unless you have truly excellent financial discipline. (reread that)

If it were me.......

1) get hired at any regional (you won't have a problem getting hired) get 500-1000hrs of time to be current.

2) apply to an LCC/ major.

Hope this helps.

FYI..... B6 requires a minimum of 300hrs in the last year. We also have hired many folks in your same position. Just get current at a regional and start shooting applications out.

Yep! Flew with a FO at PDT that got current and JetBlue Hired him.

Don't come back.