Etihad Bond/Loan!

[kissmecaptain]

I hear Etihad are in a panic about Gulf Air guys joining with a bond?

Why are they bothered, Emirates isn't...

And Qatar will just pay your bond off and re-bond you when you arrive? (I'm told) So why don't Etihad so this?


I hear Etihad are now trying to do a deal with a bank in Abu Dhabi, so when guys turn up, they can take a loan to pay their bond off?

Don't (Etihad) they realise that Bahrain law clearly states that if a company trains you, you only have to work for them for one year...

[ironbutt57]

Are you another "sea lawyer"? ( I heard from a friend of mine whose lawyer told him etc...etc...) Or do you have a reference for your statement??? Easy to download the labor law and read it..havent seen that mentioned anywhere...not that I am in favor of bonds (just signed one myself) or defending the practice, but be sure your statement is accurate pls:ok:

[kissmecaptain]

Be my guest....

Please give Al Jabal Law Office a call/make an appointment on.

Tel:+973 17530400

He has dealt with a number of Gulf Air pilots over the last few years, and Gulf Air has not tried to sue any of his clients.

Maybe Etihad should give him a call!!!

[ironbutt57]

Not for me if I have to leave I'll settle it with GF...good luck in your endeavours...but the arranged loan by a new employer is a great idea...wonder if it will ever happen:ok:

[noflare]

:confused:

Why on earth should EY pay off bonds!...you took them on when you joined so surely you should clear them before you leave.
If you didnt agree with bonds then why did you sign them in the first place!

I think you will find that EY do want you to clear bonds from previous employers.

[ironbutt57]

ARRANGED LOAN.....LOAN....LOAN...READ THE POST!!! Of course nobody would expect the new employer to pay the bond off, and yes other places do indeed have this facility...

[noflare]

:eek:
Sorry didnt see that, anyway who else arranges loans to pay off bonds other than QR?......please enlighten oh great one!

[kissmecaptain]

The bond is grossly over inflated, what choice do you have in signing it when you bring your family half way across the world and have resigned from your previous job.

I'd say the gf bond is double what any other airline/training organisation would charge.. (has any one seen an account into which Gulf Air pays your bond off?) NO

As explained by Jabal (Bahrain Lawyer) Bahrain law seeks to protect workers from unscrupulous employers who fix large training amounts on their workers. "if a company in Bahrain trains you, you only have a commitment to them for one year"

Maybe the inflated bond by Gulf Air is the real reason why Etihad don't want to pay the guys bonds off?
They would rather the pilots foot the bill themselves....

[ironbutt57]

Have heard that rumour about QR, however the guys from here that went that I knew didn't have bonds, so no hard facts available on that subject, and yes the story goes that EY does indeed want a letter stating all outstanding issues with your previous employer have been cleared up, but again thats "as the story goes":confused:

[Che Guevara]

The bond is grossly over inflated, what choice do you have in signing it when you bring your family half way across the world and have resigned from your previous job.

Sorry but that's BS. You were told at your interview that if you were not type rated, then you would sign a bond. If you did not want to sign an 'inflated' bond, then why did you? Were you forced to sign a bond? I don't think so. You wanted the job, you wanted the type rating or whatever, and yes, you signed the bond, sorry but it is your responsibility to check what you sign is it not?
I personally do not like bonds, however they have become a fact of life in our business and as a responsible adult you have the choice of whether to sign or not. You also have the responsibility of settling your account if you decide to break the bond or contract.
The letter that Etihad wants is simply to see if you are going to play the same game with them, I would think.

[boeingdriverx]

And guess what?

if you join etihad today and you have to repay a loan for your GF bond in Abu Dhabi, you will end up with less money in Abu Dhabi than if you have stayed with GF...

Very ironic, isn't it?

BD

[ironbutt57]

Yeah at least in the immediate future this is true, however guess the ones headed there are looking at the bigger picture I would imagine:cool:

[noflare]

Well at least the EY bond is a half sensible figure for those non type rated who join.
If I remember correctly it is 3 months salary over 3 years..

[kissmecaptain]

Etihad to pay the Bond.

Just heard that senior management in Etihad now want to pay the bonds of Pilots joining now.

Apparently they had a lot of trouble with Malaysian Pilots who had joined recently and not paid their bonds, they don't want a repeat.

They have also realised that asking Pilots to take a loan to pay their bond on arrival in Abu Dhabi is unworkable.

One manager said that "paying bonds off, is a small price to pay to keep aircraft flying"

Now that Gulf Air are about to raise the package, Etihad need to give this incentive to attract Pilots.

[kissmecaptain]

Well said boeingdriverx.

Why go to Etihad and take a pay cut. You have gotta be mad!

[MAKAVELI320]

CHE GUEVARA i agree with u 100% we knew about the bond and signed it no one was forced to :ugh: KISSMECAPTAIN gf bond is double what any other airline/training organisation would charge! maybe u r right! and very few were givin jet type rate 4 guys with 500hrs in prop, gulfair did that :D

[320 star]

bigger picture!!
The Airline estimates to start making $$ in 2010, forget even breaking even




and with JH, you should beleave it:ok:

[Dixons Cider]

As explained by Jabal (Bahrain Lawyer) Bahrain law seeks to protect workers from unscrupulous employers who fix large training amounts on their workers. "if a company in Bahrain trains you, you only have a commitment to them for one year"


This statement seems to be bandied about alot. It's correct that this is as per the Bahrain Labour Law, however the critical element that is over looked is that this clause is clearly stated as being applicable to Bahrain nationals only.
A legal opinion is that as the labour law is applicable to ALL employees in Bahrain, therefore it follows that this clause should be no different - however, this has to be established in a court of law. ie someone has to either defend themselves or take on the employer over this issue, and establish a legal precedent.

As far as I'm aware, this hasn't happened yet.

[Che Guevara]

Well at least the EY bond is a half sensible figure for those non type rated who join.
If I remember correctly it is 3 months salary over 3 years..

You gotta love this...'a sensible figure for a bond'! Gents, Gulf Air is not a 'training organiztion' where you shop around for a deal..not yet anyway. Incidentally, while your'e shopping around, have a look at what Singapore Airlines has on offer re. bonds...seriously, have a look at their web site; makes Gulf Air look like 'bargain basement'. :eek:

Chao

[jackbauer]

The EK bond is $36,000 and you sign even if you are already type rated!! The GF bond reflects the going rate these days.

[Firbolgs]

Che are you suggesting companies should not bond?:eek:
We need to stop our low life colleagues running off before that will ever happen.

No one likes it but unfortunately its the way the system works. We all enter these agreements with our eyes open, its very simple, if you dont like the sound/cost/terms etc then dont sign it!..look elsewhere.