All ATP's..is it worth it??

[socal_pilot]

I've got my SE commercial and was looking into the ATPS progam. I like the fact that you get almost 200 hours of multi time plus all your instructor ratings. but is it worth the 45K?? thanks

 

[SPilot]

200h * $200 = $40.000

Sounds like a fair enough deal to me. $200 is approximately the market rate for wet lease of old crappy multi engine airplanes. (including fuel surcharge).

If you get an instructor and some licenses included in that
price, you will at least get your money worth.

You'll have 495 hours with 200 multi and be over-qualified for lousy paying instructor jobs. But dont rely on getting any immediate income after lumping out $45K.

Remember also that multi engine time is highly sought by MEIs, and so if you could find some dude who owns an airplane and is willing to lease it to you cheap in return for whatever he needs...you'd probably find instructors willing to fly with you for free, if you take the time and effort to ask around.

 

[Metro752]

It isn't 200 hours of actual multi time, its around 140-150 hours of real flying multi, and the rest is multi experience in a sim. If I am incorrect, someone please correct me.

 

[SPilot]

It isn't 200 hours of actual multi time, its around 140-150 hours of real flying multi, and the rest is multi experience in a sim.

In that case I'd say it is pricey.

 

[PDH]

It isn't 200 hours of actual multi time, its around 140-150 hours of real flying multi, and the rest is multi experience in a sim. If I am incorrect, someone please correct me.

You are correct. Also, 37 hrs of that 140 Multi PIC is safety pilot. The 200 hours that you hear about includes the sim time (about 50-60 hrs.)

 

[Amish RakeFight]

Although you'll receive approx. 150 hrs. of multi during the program, there's a lot more to be had as an MEI.

If your goal is the regionals ASAP, ATP's program is worth it. After obtaining those ratings you could MEI for them and be qualified for reduced hiring minimums with some of the regionals they have agreements with. The price is right for what you get and they won't shaft you like many other places. The program is somewhat tailored to an airline training curriculm too. You'll learn procedures fashioned from the airlines.

 

[Crizz]

Holy bejeebus thats alot of money.

It may not look like it now, but when you start getting those $500-$600-$700 per month loan payment stubs for the next 15 years you'll be wishing you had just scraped and scrounged for your time like the rest of us.

Paying for all your time is NOT, and never has been, a good idea.