This unfolding situation should be part of the flashy advertising blurb that airlines/flight schools spew out when launching these schemes. It is profoundly wrong that people aren’t fully aware of what they are risking by getting into bed with often shady airlines and their fast track shiny jet schemes.
Like many, I hate the way they exploit young impressionable people with their glossy illustration of airline life whilst trousering vast amounts of money at little risk to themselves. Ridiculous sums of money charged for type ratings that help subsidise their wafer thin balance sheets.
I wouldn’t even buy a new car from anyone in senior airline management. I certainly wouldn’t trust them or any of their associated “training providers” with £130k of my money.
For the avoidance of doubt, a contract will always be in their favour and worthless when they run out of money. Remember CABAIR?