OUR N E W   W E B   S I T E   "WORLD AIR FORCE NEWS"
 
  
 
 

WORLD AIR WAR HISTORY


 
  HOME > Exercise & Airshow News >

Prince William Will Owe Nearly $610,000 For Early Retirement

Prince William Will Owe Nearly $610,000 For Early Retirement

But RAF Will Reportedly Waive The Fee 'In The Interest Of The Nation'

Prince William plans to hang up his flight helmet following his current tour of duty at RAF Vally in Anglesey, North Wales.

Because of the contract he signed when he entered training to be a helicopter pilot, he would normally owe the government the equivalent of $609,360 for the early retirement.

owever, the RAF has reportedly decided that they will forgive the bill "in the interests of the nation," according to a report in the UK newspaper The Mirror.

According to a senior RAF source, the service feels that "the education of the future King in military matters is hugely important to the nation. Prince William's training has been money well-spent whatever the length of service."

A source in the Ministry of Defence said that it was a fairly rare situation for a pilot to not fulfill the contract, but the repayment is decided on a case-by-case basis. If Prince William were planning to begin a career in commercial aviation, it would be a different story. But since he will be transferring back to "other public duties," it was permissible to waive the fee.

Prince William may continue to wear an RAF uniform for three years, but not be on active flying duty. The training is valued at little over $1.2 million.


Source: U.K. Ministry of Defense / mod.uk News - 29 April 2013

Photo: The Prince William in June 2012. He may give up job flying Sea King helicopters at RAF base in Wales. (Photo by SAC Faye Storer AP)


(4/29/2013)


 
  CONTINENTAL NEWS:

American Air Force News
African Air Force News
Asian Air Force News
European Air Force News
Middle Eastern AF News
Ocean Air Force News


• Turkish Army to conduct military drills amid regional tensions

(4/7/2014)
The Turkish army is preparing to launch a naval and land exercise on Monday. The major exercise comes amid tensions with Syria and a changing map in Ukraine, both in close proximit...>>

• Russia concludes massive military exercises

(1/5/2014)
Russian military has concluded one its largest war games in recent history in the nation’s far eastern and central region, describing the results as more than satisfactory....>>

• Unscheduled military drills in Russian Far East

(1/4/2014)
More than 80,000 personnel, about 1,000 tanks and armoured vehicles, 130 long-range, fighter, bombing and army planes and helicopters, as well as 70 naval ships and vessels, take p...>>

• ‘Russia stages large-scale military drills’

(1/4/2014)
Russia has staged large-scale military exercises in the country’s Eastern military district aimed at enhancing the defense capabilities of its armed forces, Defense Ministry says....>>

• India, China flex muscles on disputed border

(7/20/2013)
India is expanding its fighting capability against China. 50,000 additional troops will be deployed on the Chinese border....>>

• 50th Paris Air Show: Much excitement, few contracts

(6/28/2013)
Russia deployed unprecedented efforts to impress the airlines at the 50th Paris Air Show. The crucial innovations will not be unveiled, however, until Moscow’s MAKS show this Augus...>>

• Su-35 wows at Le Bourget Paris Air Show

(6/24/2013)
After Russia showcased its most advanced fighter in France, the Western media agreed that the newest Russian Su-35S fighter proved that Sukhoi-made fighters are among the best in t...>>

 



       info@xairforces.net Webmaster: REFLX DESIGN - © 2011 xairforces / Aviation Society,