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Old 24th Nov 2006, 16:55
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Dreamer320
 
Join Date: Aug 2006
Location: Europe
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EU law on bonds?

An EU flag-carrier bonds CPL/IR entrants for €90,000 and 10 years, this includes a general hypotec which gives the company rights over anything you own.

In addition, there is a clause which states that you MAY at some point in your career be required to start re-paying €45,000 (cost of A320 type-rating [according to airline]), to be deducted from one's salary at the company's dicretion.

I am led to believe that there is no EU law that prohibits bonds of this type and magnitude, and it simply boils down to each country's local regulations. Is that true?
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