Scottish training company ACS Aviation has launched a new financing initiative for aspiring pilots with financial institution, Lendwise.
Lendwise will speed up the processing of applications and will offer competitive rates. In addition, future ACS pilots will have access to a dedicated team that understands the reality of future pilots and a centralised point of contact at Lendwise.
Craig McDonald, Director at ACS Aviation said, “Financing is a major barrier to becoming a pilot. [The] ACS partnership with Lendwise will help aspiring pilots finance their studies and make their dreams come true.
“Despite the impact of the COVID-19 crisis on the aviation industry, ACS Aviation foresees significant demand for new commercial pilots over the next ten years. Because it takes approximately two years to become a qualified airline pilot, this funding program will ensure that we can meet the demand for pilots when the industry recovers. We are pleased to be able to make it easier for aspiring pilots to train with us.”
Rishi Zaveri, CEO of Lendwise, added, “We are delighted to partner with ACS Aviation to help aspiring pilots fulfil their ambition by enabling their educational route to becoming pilots with our fair and flexible student loans. As the airline industry undergoes a pilot shortage post COVID, Lendwise is glad to working with all stakeholders to address the supply-side of the equation.”