American Airlines Cadet Academy Partners With American Airlines FCU for New Loan Options
The American Airlines Cadet Academy and American Airlines Federal Credit Union have partnered to offer new financial options for incoming cadets. Since launching in 2018, nearly 600 cadets have joined the American Airlines Cadet Academy.
On Tuesday (April 26, 2022), American Airlines announced a new partnership between the American Airlines Cadet Academy and American Airlines Federal Credit Union to provide a new suite of financial options to incoming cadets. As part of the collaboration, loans will be available in low fixed and variable rate options and are designed to cover all expenses, including housing and stipends. The credit union partnership makes the cadet academy the only program of its kind with two financial partnerships dedicated to supporting cadets entering the program.
In today’s announcment, American Airlines Credit Union’s Senior Vice President – Member Experience, Lori Hall, said,
“We're extremely excited to partner with American Airlines in providing tuition financing along with personalized care and service to this specialized group of students. Our comprehensive financial wellness program is tailored to assist the next generation of pilots in balancing their technical skills with the financial education needed to succeed in their future careers.”
Also commenting on the new student loan options, American’s Managing Director – Aviation Recruiting and Programs, Christina Flores, said,
“We continue to increase our pilot hiring efforts this year and beyond, including additional investment in our Cadet Academy program. Our work to grow and diversify the pilot profession is well underway. A critical part of that effort is our commitment to find more innovative ways to reach young, aspiring aviators and support them, financially and through mentorship, on their path to a career in aviation.”
Launched in 2018, the American Airlines Cadet Academy provides aspiring pilots with training, financing and mentorship opportunities needed to become professional aviators at Envoy, PSA or Piedmont (American’s wholly-owned regional carriers) and eventually as mainline pilots for American Airlines. Since launching, around 600 cadets have entered the program, and of those, 60 have already graduated and are now professional pilots. To learn more or apply to the American Airlines Cadet Academy please click here.
American Airlines’ purpose is to “care for people on life’s journey.” Shares in the American Airlines Group, Inc., trade on NASDAQ under the ticker symbol AAL and the company’s stock is included in the S&P 500.
Source: American Airlines