Type Ratings and Line Training can be funded in various ways:
Bonded
Some airlines fund for the ratings for the pilots. This is usually through a bond for a number of years and that employee will usually be required to pay back if he or she leaves before the term of the bond is complete. Alternatively, airlines take the cost of training from the employee’s wages for a set term.
Self Funded
There are some airlines that require the pilot to pay for a type rating in full before commencing training. These are expensive and can cost up to £35,000. Although, in these instances, the pilot isn’t bonded and is free to leave the airline at any point. It’s integral that you fully understand your contract and find out what is or is not included in your training package. You should clarify what happens in the unlikely event that you are not successful during the training.
Pay to Fly
It is possible to complete a type rating and line training without having employment. Some companies will charge you a type rating and place you with a partner airline to operate as a first officer. Usually you work for that airline, with no salary for up to 500 hours (technically you are paying to work for them). At the end of your contract, there is no guarantee of a job, which can be a waste of money if you can’t land a job with the company or elsewhere.
