| Answer: Traditionally, flying schools admitted students from affluent families. However, the trend is changing now. Education loans have enabled the dreams of aspiring pilots from middle-class families to take wings.
Various flying schools have tied up with banks as the cost of pilot training is exorbitant and many interested candidates are from middle-income families. These flying schools also have a tie-up with airlines to provide them with students.
United Aviation, a pilot training school, has tied up with SpiceJet wherein it provides pilots to the airline.
American School of Aviation has an official tie-up with Kingfisher Airlines.
Aerostar Aviation, a Delhi-based flying school has tied up with Flight Safety Academy of USA to help bridge India's pilot shortage.
Around 45 per cent of the educational loans furnished by Centurion Bank of Punjab (now merged with HDFC Bank) in a month are for pilot training.
Many other nationalised banks grant educational loans to pursue commercial pilot training courses, the details of which can be obtained directly from such banks.
For example, State Bank of Bikaner and Jaipur offers a commercial pilot loan.
Corporation Bank also offers and Educational Loans for Commercial Pilot Training both within and outside India.
Other banks which offer student loans are State Bank of India, Canara Bank, Syndicate Bank and Punjab National Bank and various Private Banks.
Hope that helps
CareerAge Counselor
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