freeflyingfun,
I couldn't be bothered to read all of the above, as it appears to be written by people who don't know the
exact details of the agreement you have been asked to sign? No disrespect intended people, but why slag this guy/gal off? He/she only asked a simple question????
IF you are talking about Loganair, rest assured the agreement is essentially no different to most offered by other airlines (unless the FCM has changed it VERY recently and not made it public knowledge). The detail may be slightly different, but they are all much of a muchness nowadays. Personally I would rather sort out my own loans if required - not allow some airline to do it for me, whilst taking a cut out of it for themselves?
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MY opinion of Loganair as far as this agreement goes - they are an honourable employer who will stick to their agreement.
freeflyingfun - check your PM's