Jetsgo Training "Bond" & credit rating

[level510]

Just a question are you SOL if your credit rating sucks?

[brokenwing]

Does'nt every pilots credit rating suck? ...

Sorry had to say it.

Im not sure how the bank would look at ya' if they knew the loan was for a gaurunteed job. Maybe call up a bank familier with it and giv'er. All they can say is no. Trust me....once you get used to it, it does'nt hurt anymore.

best of luck.
BW

[Doc]

If I could get my paws on 30K, I'd be parked on their doorstep! Methinks JetsGo will be around for a while. So will WestJet. But it's a big enoug playground for both....and they really need each other to keep them honest. But, we really need Air Canada as well. Too bad their FA's all look like my mom....did I say that out loud?

[Rebel]

Canjet to get new 737 500's?

The word out here in Halifax is that they have just had delivery of their first 737-500, leased for a song. Former Sabena a/c.

The background is in motion..

Hmm

[twinpratts]

If I was going to need 30K for them... I'd look at a secure lind of credit, (ie. secured against my house). It could mean a low intrest rate, and no need to pay principal initially. I hear this is important, especially since you only get intrest payments in the first 6 mos (so I'm told).
However, a word to the wise... with so much growth projected at J-go, in a short period of time... It could be risky! (especially since they don't have to show anyone their financial records...)
Hope this helps.

[Panama Jack]

Too bad their FA's all look like my mom....did I say that out loud?

All of them? Wow, some mom's must be pretty young and hot!

[just another pilot]

No MILFs at AC...that I ever saw anyway.

[ahramin]

AHEM

they are not FAs anymore, they are cabin safety crews.

What i would give for a good old fashioned STEWARDESS.

I think we are missing one thing in this $30K discussion on JetsGo though:

Wouldn't you pay $30K to be able to go back and get in on the ground floor at WestJet? Granted, JetsGo may go tits up and almost certainly will never make it the way WestJet is, but the opportunity to get on with an airline that you may be able to retire very well with is there.

ahramin

[...]

Cabin Safety Cews!!!!!?????? When did that happen?!?!

[ahramin]

Flew WestJet out of YYJ in January as was introduced to "Today's cabin safety crew" in addition to the cowboys flying "this big bad bird".

NOTE: Have nothing against cowboy pilots personally (guess you could say i am one) and these guys flew a much smoother approach and landing than the flight down. Just never seen an airplane taxi that fast before!!
------------------------------------
Real pilots don't do go-arounds

ahramin.

[jimmyjazz]

Yea my last flight on wjet we taxied in toronto at what felt like 30 or 40 knots sharp left turn on to runway and takeoff power while everyone is plastered on the right side of the plane, Ill still keep flying west jet though because I refuse to pay money to have someone be rude to me.
unless I met her on Jarvis street

[The Bandit]

I was talking with a guy from MOT today, he says the training bond issue is going out the door with them brining on the addition of different jets to thier fleet. If thats the case great, if not, noting wrong giving the company $$ to showing your comitment. Having to put up returnable cash to secure a position not a whore but a person who needs a job.
my 2 cents

[loopy]

That's the first I've heard of it, Bandit. I was talking to a senior guy inside and he thought the practice was sticking around.

[pimper]

Its sticking around!

[Valhalla]

noting wrong giving the company $$ to showing your comitment. Having to put up returnable cash to secure a position not a whore but a person who needs a job.
my 2 cents

There is something VERY wrong with giving the company money to show your commitment. It sets a dangerous precident. What if every other airline adopted this policy? Better hope your rich parents can buy you a job!

This isn't Michel Leblanc's first attempt at creating a successful airline. It isn't his second either... There are definetly no guarantees this venture will be sucessful and $30,000 is a lot of money to gamble.

[Right Seat Captain]

Question:

Are there any companies, non-aviation related that ask for a large sum of cash to train you?

[RB211]

I was talking with a guy from MOT today, he says the training bond issue is going out the door with them brining on the addition of different jets to thier fleet. If thats the case great, if not, noting wrong giving the company $$ to showing your comitment. Having to put up returnable cash to secure a position not a whore but a person who needs a job.
my 2 cents

One of the reasons giving $$ to the company is a poor, potentailly dangerous practise, is the reason the bond may go.

If it takes $30,000 to get the job, is the best qualified candidate being hired? With all the new a/c, upgrades will come fast and furious. Who do you want in the left seat? The richest pilot or the most qualified/experienced? TC, apparently, is very concerned.

[Dockjock]

I'd sure pay $30K to go back in time and get hired by WJ in its second year of operation. The big difference is that along with WJ's crappy salary you get profit sharing and stock options to make up the difference. At Jetsgo you just get the crappy salary while the owner keeps all the profit.

[pimper]

Get your facts straight guys before posting. The reason the 30 grand is still there is because qualified pilots are still applying in droves. Upgrades are still fast and furious IF YOU ARE QUALIFIED. Ask the FO's that have been bi-passed. And there is a profit sharing deal in place at JetsGo.

[corn-shoot]

Too bad their FA's all look like my mom....did I say that out loud?

Doc, I never had any issue with your mother. In fact, if you have a major underbite and thick red hair all over your body, you're probably mine. Give me your address so I know where to send the child support cheques!

To others, the guy asked about a credit rating not whether or not training bonds were good. SHUT YER YAPPERS about it already!

[loopy]

I didn'y realize there was profit sharing at the Grinning Gremlin (aka Jetsgo).

[Vickers vanguard]

First of all, as -700 put it, once you're done with the course, it won't be easy to get a descent paying job as an aprentice and this is where the college's reputation and the college's contacts can make the difference.
Most AME schools that have a TC approved course will give you a number of months of credit towards your licence, this credit is based on the number of hours of technical training the course contains. The rule is one month credit per 100 hours of school. Most colleges have programs that would give you 18-19 months credit. However, a couple of these schools and most of these are either in N.B or nova scotia, have approved programs with only 14 or 16 months if I'm not mistaken. The reason for that, is simply the lenght of their programs, which explain the 1 year or so duration. Therefore, if you decide to go to one of those schools, you'll end -up having to work a little bit longer(4-5 months) before you qualify for the licence. One last important detail, before 2001, anybody who has graduated from a TC approved school,had to write both the CAR's exam and the technical exams( four technical). Today, the rule has been changed and the people who attend a TC approved course, will only have to write one exam which is the CAR'S exam. Make sure to check what type of approval the school has before joining .
Finally, as for the choice of colleges, I can recomend the following but unfortunately none of these are in N.B.
-700 already mentioned two of them, SAIT(southern alberta inst of tech) is an excellent school, both in maintenance and avionics. The problem with SAIT is the cost! boy it is expensive! expect around $5000 per semester without any supply. Canadore college is the best in Ontario, and one of the best in the country too.the avionics department is awsome, the labs are very well equiped and the instructors' experiences are of very high standards. I'm not familiar with the maintenance department however. Tuition is pretty realistic with around $1300 per semester. BCIT is another highly regarded school, but personally, I don't like the fact that the Avionics course is broken between two departments.It is a well known college but You'll have to ask people on this forum who might have had some experience with this college.
So, go for the 2 years program unless you really want to go back on the job market. remember, bigger does not mean better! usually classroom with more than 20 people are a poor learning environment. What make the difference between these colleges are the people who teach there, I know it from experience. Good luck and feel free to ask more questions.

[w squared]

Methinks that that last post might have gotten a wee bit discombobulated in the post-hack shuffle...

[Benwa]

Good thing... I really didn't feel like reading that post.

[North Shore]

Interesting to get the chance to travel back in time 2 months...Pimper was mentioning profit-sharing - I'd suspect that with the $20. fares announced this week, most of this quarter's profit share is going into the gas tank, and thence out the tailpipe...

Also, is anyone else getting a little concerned about the capacity in Canada's airline industry? JG expanding, WJ (although they have announced a slow-down) expanding, JAZZ planning on recalling this spring/summer, AC planning a recall, too. Lots of seats chasing roughly the same amount of bums. Something has got to give, somewhere...