AIRDO has announced the details of its loan support for training expenses under its pilot in-house training program called the “Lakseløp Project.”
The loan, provided by Sumitomo Mitsui Banking Corporation, ranges from a minimum of 500,000 yen to a maximum of 12 million yen, with a borrowing period from one to twelve years. The repayment begins three years after the start of domestic training, with the principal being deferred until a designated repayment date within the third year. Thereafter, loans can also have their principal deferred until the same repayment date. The borrowing rate is the short-term prime rate plus 0.525% per annum, under a variable interest rate. Repayments will be deducted from wages. No collateral or guarantor is generally required.
The “Lakseløp Project” is carried out in collaboration with Hokkaido, All Nippon Airways (ANA), Sumitomo Mitsui Banking Corporation, Tokio Marine & Nichido Fire Insurance, Hokkaido University, Otaru University of Commerce, Kitami Institute of Technology, and Obihiro University of Agriculture and Veterinary Medicine in Hokkaido.
After taking ANA’s “Flight Crew Assessment Test (FCAT),” those who pass gain eligibility to enter AIRDO’s selection process. Upon being hired, candidates undergo approximately two years of licensing training overseas and one year domestically. The training expenses are shared between the candidates and AIRDO.
