Profibus,As you can see the topic raises quite a bit of rhetoric..The simple answer is that since WW2 there hasn't been a surplus of pilots in Europe,and it costs too much to follow ones dream.In 1970 the chief pilot Japan airlines queried an AirCanada guy"where do you get your pilots?the AC gent replied "we advertise on Friday ond on momday we open the doors" thereby depicting the fact that Canadians get their own licences on the offchance of a job..Europr has had to follow the other route of Airlines 'growing' their own.BEA,BOAC.Luft etc..thats why the british have their own training schemes like the Euor and Japan carriers in Arizona..Ergo the Carriers in Canada can hold out for the most experienced flight time individuals available.
At one time Air Canada took on some 200hr wonders from training colleges,and via the second officers,and Viscount F/O seat were assimilated into the ranks.Today the call is on trying to get a cross section of experienced guys/girls and looking at young people for company longevity.
The Top carriers don't employ training bonds as such-they don't pay muchfor the first 2 years..The middle/charter carriers hold new pilots ransom with a 'training' bond for same forst 2 years,although they do pay considerable better on starting.BUT the bond is in place to eleviate people jumping ship as soon as they were endorsed.(inthe startup of the UK training schools late 50/60's the British carriers had to implement the five years stay ,after early defections)..At the moment Canadian carriers can hold out for 3-4000 hr candidates,especially with Historical evidence of Airline Failures..