EXCEL AIRWAYS AIRLINE PILOT TRAINING SCHEME
After the success of the scheme run by Thomas Cook Airlines, we continued to work with airlines to develop alternative routes to successful airline pilot employment. These efforts led to the introduction of a "sponsorship" scheme with Excel Airways, now known as XL.com. This scheme continues and offers the same key benefits:
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Enhanced security for sponsors and potential students by providing a conditional airline employment offer even before the start of APP FIRST OFFICER
training.
- A major reduction in overall costs by means of a special salary repayment of training expenses (ROTE) scheme, developed by OAA and implemented by these airlines - which enables them to repay the APP FIRST OFFICER training costs during the student’s first few years of airline service.
- An enhanced funding solution from HSBC bank that lessens the required outlay of personal funds while simultaneously reducing the time required to repay the loan through the airline's special ROTE scheme.
Other examples of this scheme will be adopted by other airlines in the near future. Of course, they will be available only to well selected students. Entry standards are high and competition for places is steep. But, for those who can meet the exacting standards, such schemes represent an important breakthrough in re-establishing airline involvement in ab-initio pilot training.
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OAA APP graduates are pictured here with XL.com’s Managing Director, Mr Jonathan Bousfield, outside the company’s Gatwick Headquarters. |
