Taken from a Canadian forum with ALPA battling for bonds to be prohibited.
Young inexperienced pilots should read this to have a clear understanding of what a bond is and what it entails.
I am seeing the UK going down the same road that Canada did, all these low houred pilots paying to work for an airline (not a bond) and in ten years time starting salaries going down and terms and conditions going down.
I myself have entered into a bond, but one that was fair, and that had my interests and the employer interests at heart. I was approached by a certain company that wanted me to pay to work for them, if you all did as I did and laugh at them, then proper legitimate bonds would be in place.
http://www.fls-ntf.gc.ca/doc/sub_fb_61.pdf