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This is quite a good plan for Regional Express of Australia. Too many companies leave training to someone else and then complain they don't have sufficient staff.
This is a summary from "The Australian"
REGIONAL Express has become the latest airline to offer incentives to attract prospective young pilots, as competition for technical crew ramps up. Rex this week announced a cadet scheme that would provide low-interest loans to pay at least half of the estimated cost of training for a commercial pilot's licence. The scheme, believed to be the first of its type specifically tailored to regional airlines, will also offer scholarships to high achievers that could pay the other 50 per cent.
Rex alone is bringing in 20 new Saab A340 aircraft and expects its total fleet, including charter operator Pel-Air and regional offshoot Air Link, to increase to almost 90 aircraft over the next two years. The airline wanted to put a commercial pilot's licence within reach of those who would otherwise be unable to afford it.
Under the Rex scheme, the loan is repayable for up to seven years on a schedule that links repayment to salary and reduces the burden in the first years of flying. Those who accept the loan will be given a below-market interest rate as long as they stay with the airline for five years. Cadets who receive a scholarship will have to commit to staying with the carrier for six years. Those who leave the airline before their commitment expires will have to pay back the scholarship or the balance of their loan at market rates. It expects the average worth of a scholarship to be about $30,000, with some getting the full $40,000.
Do we have a couple of JP.netters in Australia who would be interested?
This is a summary from "The Australian"
REGIONAL Express has become the latest airline to offer incentives to attract prospective young pilots, as competition for technical crew ramps up. Rex this week announced a cadet scheme that would provide low-interest loans to pay at least half of the estimated cost of training for a commercial pilot's licence. The scheme, believed to be the first of its type specifically tailored to regional airlines, will also offer scholarships to high achievers that could pay the other 50 per cent.
Rex alone is bringing in 20 new Saab A340 aircraft and expects its total fleet, including charter operator Pel-Air and regional offshoot Air Link, to increase to almost 90 aircraft over the next two years. The airline wanted to put a commercial pilot's licence within reach of those who would otherwise be unable to afford it.
Under the Rex scheme, the loan is repayable for up to seven years on a schedule that links repayment to salary and reduces the burden in the first years of flying. Those who accept the loan will be given a below-market interest rate as long as they stay with the airline for five years. Cadets who receive a scholarship will have to commit to staying with the carrier for six years. Those who leave the airline before their commitment expires will have to pay back the scholarship or the balance of their loan at market rates. It expects the average worth of a scholarship to be about $30,000, with some getting the full $40,000.
Do we have a couple of JP.netters in Australia who would be interested?
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