Coming from a union background, I am somewhat familiar with PRIA. I mostly agree with the previous posts so far. Here is what I know:
The bad news--
Yes, you need to report a failure in a 121 (or 142) training program. It is required under PRIA. Even though your former Training Director said this won't show up as derogatory, he is required by the PRIA (which is a federal law by the way) to report your training record, if asked.
Sure you could try to hide this (and there is a small possibility no one would find out), but most likely it would be uncovered in the background process.
The good news--
All the other posts have been very accurate. No one wants a training problem in their record, but you can overcome this. Be prepared to discuss this with your interview board. Tell them what you learned from the situation, how you would be more prepared this time, etc. You can turn this into a positive if you frame it correctly.
I know of several people with much worse events in their background that have gone on to become very successful pilots. There is no reason why you cannot share the same result.
Keep your chin up!
--flier
The bad news--
Yes, you need to report a failure in a 121 (or 142) training program. It is required under PRIA. Even though your former Training Director said this won't show up as derogatory, he is required by the PRIA (which is a federal law by the way) to report your training record, if asked.
Sure you could try to hide this (and there is a small possibility no one would find out), but most likely it would be uncovered in the background process.
The good news--
All the other posts have been very accurate. No one wants a training problem in their record, but you can overcome this. Be prepared to discuss this with your interview board. Tell them what you learned from the situation, how you would be more prepared this time, etc. You can turn this into a positive if you frame it correctly.
I know of several people with much worse events in their background that have gone on to become very successful pilots. There is no reason why you cannot share the same result.
Keep your chin up!
--flier