Pursuing a career as a pilot is a dream for many, but the cost of flight training can be a significant hurdle. However, there are various smart strategies that aspiring pilots can take to finance their flight training and achieve their aviation goals.
Below, we explore the Top 5 useful strategies to pay for your flight training and help you achieve your aviation dreams more quickly.
Top 5 ways to pay for your flight training
One of the most sought-after methods of funding flight training is through an airline-sponsored program. Many major airlines offer such training programs for aspiring pilots. These programs typically involve a contractual commitment for graduates to work for the airline for a specified period after obtaining their pilot’s license. While this route may require a serious degree of dedication and patience, it can significantly reduce your training costs and provide a clear career path.
For example, airBaltic offers an Ab-Initio pilot training program, which allows individuals to obtain their ‘Frozen’ EASA ATPL (European Aviation Transport Pilot License) within approximately 24 months. This program is designed for those without prior aviation education or experience.
Students of the airBaltic Pilot Academy pay €25,000 for their training up to the private pilot license (PPL) level. After successfully passing the airBaltic pilot assessment and becoming an employee of the company, airBaltic covers the remaining costs of their studies. The total cost of the program, including all training phases, amounts to €89,000 per student.
Flight school loan
Taking out a loan to cover your flight training expenses is a common approach. Various financial institutions offer specialized loans for aviation education. Before committing to a loan, it’s crucial to research interest rates, repayment terms and eligibility criteria. Be sure to calculate the total cost of the loan over time…