Slightly off topic I know, but I'm just curious about the mechanics of the 3 year non-reducing bond.
At present, the pilots effectively have a personal loan agreement with Barclays for the £13500, and each month the company pays the repayment plus interest into your account on pay day, to be transferred 3 days later to Barclays. If you leave before your bond is up, you repay Barclays whatever the sum remaining happens to be. Fairly simple.
However, if the bond is now non-reducing, does this mean it is repayable to Flybe? Have Barclays been dropped? If not, then I can't see how you can be making monthly loan repayments and then be asked to repay £13500 at any point within 3 years should you move on.
