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Finance & Funding

Finance & Funding

L3 Airline Academy is committed to bringing talent to the flight deck and enabling people to pursue their airline pilot career aspirations.

 

We appreciate that raising the required funds for airline pilot training can be a hurdle. With this in mind we have developed funding solutions with simple instalment schedules that will help you to achieve your desired career progression through the training route that suits you best.

 

Funding Required

The total funding required for the Integrated ATPL route is £96,800 and comprises two elements; the Training Security Bond required to secure your Training Sponsorship and the Foundation Fee, which covers the early phase of flight training.

 

  • Security Bond – £69,000 (13 instalments)
  • Foundation Training Fee – £27,800 (paid before the commencement of Leg 3 training)
  • Self-catered accommodation is included within the above funding

 

What's included?

  • Any additional training or testing is covered by our L3 CTS Performance Protection
  • All training, equipment, uniform and airfield fees
  • Self-catered accommodation for basic and intermediate phases of training
  • Air travel to either New Zealand or the U.S.
  • License issue

 

 

Other Factors

 

When budgeting for your training, please consider the following additional costs:

  • L3 CTS selection fee
  • Initial Class 1 Medical and renewal fees
  • Loss of medical, life and personal property insurances
  • Travel insurances required by the UK, NZ or USA immigration services
  • English language testing (where applicable)
  • Food and living expenses
  • Local personal daily transport to and from Crew Training Centers worldwide
  • Tablet required for training

 

Sourcing funding

Take a look at your exsiting banking provider or other local banks and building societies for products that might be available to you. You could also speak to an Independant Financial Advisor who may be able to point you in the right direction.

Training Security Bond Solution

Airline Placement Limited (APL), a wholly owned subsidiary company of L3 CTS will provide a training sponsorship for the basic and intermediate phases (excluding the initial foundation element of the basic phase).

 

Training Sponsorship represents a significant investment and to mitigate the risk to APL (the sponsor), you will be required to deposit a Training Security Bond of £69,000, which will be held by APL.

 

We provide a unique opportunity for your Training Security Bond to be repaid to you over a period of 7 to 9 years once fully employed by an Airline Partner.

 

Please note: This is not payment for training.

Performance Protection

L3 CTS Performance Protection provides you with peace of mind throughout training - it's our commitment to you that by passing our selection process, we believe you've got the right stuff to make it as a commercial pilot, and we'll go the extra mile to get you there.

 

Performance Protection includes – and covers the cost of:

  • ALL additional training (if required)
  • ATPL ground examinations and flight skills tests (and any retesting), including aircraft and UK CAA fees
  • UK CAA regulatory fees (initial and any retests) for ground examinations and flight skills tests (CPL and IR)
  • REFUND of any monies deposited by you to secure your Training Sponsorship should we cease your training due to your skills falling below the minimum competence required for professional pilot license issue, less a deductible of £5,000

BSc Hons Professional Pilot Practice

If you elect to complete the BSc (Hons) Professional Aviation Pilot Practice alongside your training.

Further Training

If our graduate placement team secures your airline pilot placement with an Airline Partner, you may be required to contribute towards Type Rating and base/line training costs. Full terms and conditions will be made available at the time of placement offer.

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