Hi all,
I am new to this forum and have a dilemma. I would like to attend ATP in D.C. and am interested in the KEY LOAN financing. My credit is not that great due to being late because of job lay offs and such. I was wondering if anyone knows what kind of criteria they use in approvals and if there are any other finacing options out there for someone in my situation. Also, I am nervous about investing 40-50k into flight trng with the current status of the industry. I am a private pilot with 120 hours TT and no MULTI. I was an FE in the USAF and logged over 800 hours on the C-5 aircraft. And I also hold an Aircraft Dispatchers license. If I went to ATP I would end up with a little over 300 hours TT, 200 MULTI and I once heard that some of my FE hours could be used as SIC time adding to my TT ( I don't know how true this is ) I have heard up to half of the FE hours. So that would be around 400 added to the above 300 for TT of just over 700 hrs. Just wondering what my options are, I have always wanted to be a pilot ever since I knew what an airplane was. If anyone has any advice I would appreciate it. Thanks
I am new to this forum and have a dilemma. I would like to attend ATP in D.C. and am interested in the KEY LOAN financing. My credit is not that great due to being late because of job lay offs and such. I was wondering if anyone knows what kind of criteria they use in approvals and if there are any other finacing options out there for someone in my situation. Also, I am nervous about investing 40-50k into flight trng with the current status of the industry. I am a private pilot with 120 hours TT and no MULTI. I was an FE in the USAF and logged over 800 hours on the C-5 aircraft. And I also hold an Aircraft Dispatchers license. If I went to ATP I would end up with a little over 300 hours TT, 200 MULTI and I once heard that some of my FE hours could be used as SIC time adding to my TT ( I don't know how true this is ) I have heard up to half of the FE hours. So that would be around 400 added to the above 300 for TT of just over 700 hrs. Just wondering what my options are, I have always wanted to be a pilot ever since I knew what an airplane was. If anyone has any advice I would appreciate it. Thanks
