How to save 80.000 euro on your ATPL in 5 years



Borrowing a lot of money for your training is one thing. (and easy) But paying it all back is a different matterwhat many students don't know is that
there are many additional charges on top of the initial training outlay:

Type rating
Unfortunately many airlines stopped paying for the aircraft typerating and even for linetraining.
These cost 20.000 - 40.000 depending on type of aircraft.

Cost of travel, housing and living
For the duration of your studies you need to live somewhere, travel and eat.

Interest
The interest on say 100.000 euro loan at 6% interest is a whopping 6.000 euro per annum which is comparable
to a mortgage for an appartment, increasing total debt rapidly even during your studies. Don't think you can just walk-
up to an airline with 200 flying hours and say: "Hey, do you want to hire me?" No sir! You need to build hours,
take other jobs for a while. So these early years are still not payback time. We think you get the picture...
You will need to keep your sum owed as low as you can. We also advise you to keep working during your studies.

Insurances
Think of loss of licence insurance, life insurance, health insurance and banks require build up of capital ceded to
them in order to reduce their borrowing risk.  So an investment policy in order to build a lump sum as security for
your loan with them could well be mandatory. All together, these costs can attain 12.000


Now, what does this all mean for you, the student?

Below we compare the total sum paid over time to a regular training facility and bank in Holland with
the Executive Flight Academy program. The results are spectacular!

Your nett savings when training with Executive Flight Academy are a whopping 67.500 euro.
(117.500 with a regular school minus 50.000 for our deal) 

Your gross savings after interest within say 5 years after training completed are 81.313 euro!!
(127.994 minus 46.681) See the tables below...

Liquidity prognosis Executive Flight Academy


Liquidity prognosis regular (Dutch) training providers

© qrioz.com/airwork

Conclusion
Your total sum paid over the payback period will be roughly double the initial training cost quoted to you.
But this is not all, there are far more financial issues to consider like different fiscal arrangements enabling you to have
the taxman invest in your training. Even setting up a flight training Ltd. could benefit you.




Questions? Our Independent Training Consultants are here to help.