Traditional bonds are great. Unfortunately small companies like Logan kept getting their fingers burned by - you guessed - the above mentioned young low hours guys who move up to Scotland one day and the next day are sending CV's to jet operators trying to get back south now they have a few hours on a TP. They then do the dishonourable thing and skip their bond. Which would cost the airline a fortune to chase. This is what has ruined it for people coming through now. To be fair to Logan they could get away with not paying you back the TR cost at all these days.
Smith your last post is very valid and is a question which is asked a lot up here. No-one likes staff turnover and it is the real bain of the TP airlines life. Perhaps a longer term outlook would serve them better. If you look at all the Logan 'old timers' they are all locals who love the stability and security of the job they are in. Not to mention batting round Scotland VFR on cracking days!!!!