Training Bonds in Airline Insolvency – Real-World Experience?
General question (not specific to any current situation) — for those who’ve been through previous airline downturns or insolvencies:
In practice, what tends to happen to pilot training bonds?
Are they ever actively pursued or even sold on by administrators, or do they usually fall away given the complexity?
Also, for pilots who happened to leave during those periods, was there any noticeable difference in how bonds were treated (e.g. more likely to be enforced pre-collapse vs not pursued after)?
Interested in real-world experiences rather than legal theory