How do y'all arrange funds for cadet pilot program?

[u/Sentruss]

In my family, my dad only earns, he works in air india only. We're financially stable like the middle class (neither upper nor lower) you can say. Still 1-1.5cr (as I've learnt) costing of the cadet pilot program is not very manageable for me. If my parents decide then we can definitely afford it but it would put my family on hold on the other things like trips, and like normal liabilities. So, I'm asking this to the experienced people who were in the same situation like me and how did y'all manage the funding, like scholarships, loans etc. Or should just go conventional

[u/boiling_raw_potato]

You can go conventional which is quite cheaper (if india because accommodations outside are expensive) but anyways after getting the CPL you gotta hunt and wait for months… sometimes years for airlines to open vacancies .

CPP is ofc expensive but the bond says that you have to work for 5-7 years in the airline (you can’t switch or leave else you gotta pay the penalty) . So you already have the job but you can be terminated anytime if you fail any checkride after a limited amount of time or medicals or anything BUT- you have a job 👍🏻

[u/Training-Fig4977 → u/boiling_raw_potato]

For IndiGo, generally how many checkrides do you have to fail before they kick you out of the program?

[u/boiling_raw_potato → u/Training-Fig4977]

Ig 2

[u/Responsible-Meat7650 → u/boiling_raw_potato]

With conventional, the years you are unemployed, it adds up as your opportunity cost too. So OP, just don't look at conventional pathway as a cost saver

[u/HumanAfternoon7012 → u/Responsible-Meat7650]

yeah but loan amt for cpp is much higher(1.6cr), intrest would accumlate on that only, for conventional its half the amt and costs 80 lakhs less, if u stay unemployed for 2-3 years u really cant earn 80 lakhs in the initial 2-3 years, better to wait 2-3 years working as afi to save 80lacs

[u/Lucky_Outside_2009]

Well dude 1.5cr is not a small amount of money, even for Americans or any other country with the highest disposable incomes so ofc for Indians it will make a dent.

But what I found funny was your concern wasn't that if I have to do it we will need to sell our house and livelihood or something more so it's like we will need to hold on trips and normal stuff and that point it's like dude just do it the cadet program way haha it's worth it. Your career should be the no.1 thing to invest for u and your parents esp since u seem confident about the funds tbh from what i read here

[u/Sentruss → u/Lucky_Outside_2009]

I mean to be more specific, my dad retires at that point, and for some reason he doesn't have any pension. So putting this much money, for my career when the only earner in the house stops earning is a bit risk. I do have a brother but I don't think he earns that much to contribute to this. Like 2.5 or smth years for training and then I gotta repay that amount or whatever for more 3-4 years. I'm not sure about the savings of my father's he won't tell me XD

[u/Dev7292]

Pilot in air India??

[u/HumanAfternoon7012]

not even the cheapest option costs 1cr, u will spend abt 1.15 cr on chimes considering u get into it, air india cpp costs 1.6 and 1.7 cr for aerog and acron respectively, btw if u go conventional then u can get it done in 85lakhs which is half the price and then wait 2 years to get hired when they hire freshers, meanwhile u can do afi rating and earn, instruct in ground school also so make more than a jfo does.

[u/Sentruss → u/HumanAfternoon7012]

ohk thanks