I don't quite know what Mush is on about to be honest. It's not like that in the UK. Not even close! Infact Mush can you either edit your post to be correct or delete it, it might confuse people.
Firstly, chartership requires a MEng (or BEng with further academic study) with extensive engineering experience as an engineer, you get it through graduating and being employed as an engineer. From that point you will typically be called a senior engineer but it depends on your employer. Many people chose not to become chartered for various reasons such as how it has been dumbed down over the last 3 years (IChemE specific although may be true for other institutions). Many people just don't see the point as it provides little in today's current engineering 'climate'. You certainly don't need to be chartered or even be any form of member of the relevant engineering institution to work as an engineer.
You will walk into a job after graduation if you are any good, assuming the aero sector is anything like the chemical sector. I have a job offer 18 months before graduation. A MEng will help your prospects and at my current employer it pays an extra £1.5k from the start. Some offer no extra, some more.
If you approach your prospective universities and ask them what their employment rate is for your course it will give you a good idea. A large proportion of people on my course will have a job long before graduation, ready to start after a nice long summer after the 4th year.