737man, another nom de plume for Guv?
As Ozdude says the guv is a bore who adds little or nothing to this bulletin board. His contributions to almost any thread means it will normally die in a bitter flame war as he insults peole and then attempts to put the blame on others. I for one wouldnt be sad to see the back of the Guvnor.
Anyway, back to the point. This contract sucks and preys on those desperate enough to get work after spending at least $100,000 on commercial training. Airlines rely on people spending vast sums of their own money to get the basic training required before airlines have to spend only $20,000 on the type rating that pilots require before an airline can make any money from them. Anyway, how much loyalty will this sort of policy engender?