P2F is the product of an obscene lack of regulation within the pilot recruitment industry whereby any Nicholas, David or Angela who has the money can fly a 200+ passenger aircraft for a short while whilst building valuable flying time. Often jokingly referred to as a "training" contract, it in reality relieves the airline of the headache associated with permanently employing experienced pilots. Pilots who might otherwise have a genuine need to be paid a salary or be based close to family.
Nick: “Hello friend, I'm not bad. Got fucked off with the whole job thing after trying for 4 years so just enrolled onto a P2F course”
Dave: “Going well?”
Nick: “Nah, all I know is I paid a bunch of rich captains my money and here I am flying 5 hours per week earning shit-all”
Dave: “You mean to say that a bunch of Captains (are) Taking (your) Cash whilst shafting you?”
Nick: “Yes Dave, there are 20 of us and we each fly 5 hours per week!”
Dave: "Why couldnt they take on 10 of you allowing you to fly more? How are you paying your debt whilst earning nothing for a period 3 times as long as you planned for?"
Nick: "I don't know Dave but it's stressing me out, can't think of anything else when I'm coming home to land"