- Flight schools may offer in-house financing or scholarships to help aspiring pilots cover high training costs.
- Some airlines operate flight training academies and provide financial support or loans to students who will become future employees.
- Governments in different countries offer programs to fund flight training.
Nothing comes cheap when it comes to the aviation industry. Even aspiring pilots training to fly a commercial aircraft can expect to spend hefty sums of money for flight training. But with pilot shortages becoming increasingly prevalent across the globe, the sector has been striving to find ways of supporting flight crew hopefuls in covering the high training costs. Here, we will review five ways an aspiring pilot can obtain that support.
5 Flight school financing
Many who hope to become a pilot find choosing a flight school that offers in-house financing helpful. This arrangement entails the school extending assistance in paying off your training, whether by providing a loan that could be paid monthly or in installments throughout a specific timeframe.
Some external flight schools, such as L3Harris Flight Academy, offer aviation scholarships for outstanding academic performance in flight training. These scholarships may cover full or partial training costs and provide one-time or annual payments for cadet fees and college degree programs.
4 Airline financing
Some of the world’s most famous carriers, including Cathay Pacific, British Airways, Qatar Airways, and many others, operate their own flight training academies in search of the next generation of pilots to fill their ranks.
Some pilot training programs are only partly sponsored or provide support by offering a loan that can be repaid once you secure employment with an airline. For instance, at the airBaltic Pilot Academy, once students have earned a private pilot license and successfully passed the…