Blue Jay: You are incorrect in pretty much everything you said. Porter does have a bond, in fact a very large one. I believe it's $20,000 over to years for the type rating and then there as a multi thousand dollar uniform bond on top of that. The current Porter FO's are down to 10 days off a month now, so I wouldn't agree with the good schedule comment either. All of the airlines that porter competes with for employees offer more days off to start. They've recently had to lower their hiring requirements to 1500hrs because they can't find anyone to accept their current working conditions and pay.
All of that said, It's still a good job with a quick upgrade time. I just wanted to correct some inaccuracies in your post to ensure people had a clear picture of what it was really about.