Have You Signed A Bond?

pika · Post by **pika** » Mon Mar 12, 2007 5:56 pm

If so, what was the aircraft type, the bond amount and length?

Pie Lot · Post by **Pie Lot** » Mon Mar 12, 2007 6:21 pm

PC12 F/O bond $2500. 1yr

BE10 Right Seat PPC. $2500 1yr

PC12 Captain Bond. $12,500 1yr

Adam Oke · Post by **Adam Oke** » Mon Mar 12, 2007 6:29 pm

So how do Bonds work exactly.

Just a pilot to employer contract stating that you will be with them for "x" amount of years, and if you leave early you pay how ever much you signed for?

gr8gazu · Post by **gr8gazu** » Mon Mar 12, 2007 6:37 pm

56- PPC's
16- Type endorsements
0- Bonds

Snowgoose · Post by **Snowgoose** » Mon Mar 12, 2007 7:06 pm

PC12 Capt - 10k upfront 2yr

Golden Flyer · Post by **Golden Flyer** » Mon Mar 12, 2007 7:12 pm

Snowgoose wrote:PC12 Capt - 10k upfront 2yr

How did you feel after doing that Snowgoose?

Snowgoose · Post by **Snowgoose** » Mon Mar 12, 2007 7:32 pm

Trust me it wasn't an easy decision. I didn't sleep for a week trying to come to terms with it.

Especially when I sat for 2 years in the right seat waiting. It was the industry at the time. I turned down a 3 year non pro-rated bond and a 4 year pro-rated one. All for the same airplane.

Then I had to buy it out 6 months later.

Would I sign another bond. Unless the job paid really well and I was extremely sure about the company. Otherwise it will be a cold day downstairs.

altiplano · Post by **altiplano** » Mon Mar 12, 2007 7:36 pm

I can't believe those #'s!

$12500, $10000 up front for a PC12!

Wow - I thought a $6K promise prorated over a year on a BE20 was a lot!

Snowgoose · Post by **Snowgoose** » Mon Mar 12, 2007 7:42 pm

PC12 requires a sim.

The sim is in Florida or Arizona.

You need flights and hotel and expenses

You need inflight training and an inflight ride when you get back.

BE20 only needs a groundschool and inflight training and ride.

That's the difference.

Snowgoose · Post by **Snowgoose** » Mon Mar 12, 2007 7:44 pm

The company I signed the bond with first had a gentleman's agreement for 1 year. Then they had a bond for one year. Then they had a bond for 2 years.

This was over the span of about 4 years.

Lloyd Christmas · Post by **Lloyd Christmas** » Mon Mar 12, 2007 7:54 pm

Right Seat Jetstream - $9000 initially, and prorated over 18 months.

B18rules · Post by **B18rules** » Mon Mar 12, 2007 7:54 pm

were they burnt a few times on their handshake deal

Snowgoose · Post by **Snowgoose** » Mon Mar 12, 2007 8:07 pm

Probably

It was the late nineties. The last time that Jazz's fore runners were hiring anyone with a pulse.

Plus not too many people operated PC-12's back then so where could they go I suppose. I'm speculating as I wasn't there and don't know anyone who was.

As well every company that operates out of that airport still asks for bonds. Except AC, Jazz and Westjet. But it seems that you pay for training in your first couple years of wages with those folks.

Phillip Banks · Post by **Phillip Banks** » Mon Mar 12, 2007 8:53 pm

gr8gazu wrote:56- PPC's
16- Type endorsements
0- Bonds

wow thats amazing...what are you flying now? Have times changed or what?

YVR Dude · Post by **YVR Dude** » Mon Mar 12, 2007 10:24 pm

Canada 3000 had a bond for 2 years..

$48,000

Boeing 757-200

Paid it out in 7 months...oh wait, didn't need to pay it out as, well...you know!

Canada's standard airline ending!

bus_driver · Post by **bus_driver** » Mon Mar 12, 2007 10:46 pm

KA-100 F/O $4500 up front
Be-99 Capt $4500 Promisarry note
SA-227 Capt $10000 Promissary note

Thats $19000 in bonds
Honoured every penny.
Its a contract, I agreed to sign it, wasnt forced, it is a condition of employment
I expect them to honour it and they expect me to honour it.
9 years and 7000 hours later, money well invested, although I got every cent back, with interest.

The Other Kind · Post by **The Other Kind** » Mon Mar 12, 2007 10:56 pm

Its a contract, I agreed to sign it, wasnt forced, it is a condition of employment
I expect them to honour it and they expect me to honour it.
9 years and 7000 hours later, money well invested, although I got every cent back, with interest.

Judging from some of the f$%knuts posting in this thread, people like you are a dying breed.

Very sad.

The Other Kind · Post by **The Other Kind** » Mon Mar 12, 2007 11:08 pm

I sincerely apologize to those who posted in this thread. My comments were directed to some of those posting in a similar thread on this board.

I stand by my comment just the same.

bus_driver · Post by **bus_driver** » Mon Mar 12, 2007 11:16 pm

Well unfortunately, my predecessors have cast the mold .. employers have been forced to institute bonds, ESPECIALLY when the industry is booming.
What makes it the employers responsibility to pay for the specialized training of every employee, especially when the employee will readily leave for a greener pasture,with that training in hand, at the drop of a hat.
I had to pay for a license and rating, and PAY my dues, so a training bond aint no thang .. just another rung in the ladder.
IF every pilot had honour and integrity, then we wouldnt be in this postition .. but like I said, the mold has been cast, and honestly, honourable pilots like ME dont have anything to bitch about, since the company paid back the bond, with interest, and the money was held in escrow, so no Jetsgone risk.

DHQ · Post by **DHQ** » Tue Mar 13, 2007 12:17 am

$10k, pro rated for one year.

Caravan Capt.

No money up front or anything, I thought that was fair.

fanspeed · Post by **fanspeed** » Tue Mar 13, 2007 7:14 am

I have never put any money up front, although over the years on several types have agreed to pay back approx 85k if I left before contract end...................never have paid a penny and I don't plan to. I usually think before I sign...............

happily.retired · Post by **happily.retired** » Tue Mar 13, 2007 7:32 am

Where do people find this kind of money at the beginning of their careers?

Having to re-pay if you walk is not so bad but $$$ up-front is severely prohibitive for people who've just finished paying thousands just to get through school. Seems to me the companies are setting themselves up to only hire the people with serious coin who might actually be less motivated to keep the job than someone who can't put up a bond but can't afford to job hop either. Forgive me for saying it but the silver spoons aren't always the most reliable. Just seems counterintuitive to me.

Does anyone know of any other industry that requires anything similar?

Justwannafly · Post by **Justwannafly** » Tue Mar 13, 2007 8:01 am

DHQ wrote:$10k, pro rated for one year.

Caravan Capt.

No money up front or anything, I thought that was fair.

Yea those kinds I think are fair...that way your not accualy loosing any $$ unless you leave & the company isn't loosing any $ on your training becuase if you do leave you will pay them the remainder

mbav8r · Post by **mbav8r** » Tue Mar 13, 2007 8:25 am

[quote="happily.retired"].
Does anyone know of any other industry that requires anything similar?[/quote]

Well correct me if I'm wrong, but I beleive if you join the air force you have to commit 7 years. Yes I realize it's the same industry but just the same, I'm not sure how or if you you can get out of your commitment to them without being discharged. Which to me sounds like a bond. If you get the training and find out you don't like it or want to fly an airbus you're stuck. As far as other industries go, I paid 1500 for some training and the use of a truck to get my class 1 licence and was going to drive for the guy. He had trained people in the past for free and they left a short time after so he started charging for it. I have to say the pay was crap for that industry compared to others and I didn't feel one bit of guilt leaving after 6 months being that I paid for my training.

Crazymax · Post by **Crazymax** » Tue Mar 13, 2007 8:28 am

7 years after wings is the commitment for pilots. You can't really get out, they won't release you. There is no way someone can pay for the training we get in the Forces.

It's not a bond, it's a contract.

Max