It all depends on the “fine print”
It is likely that the agreement has a clause that says something like: “If employment is terminated for any reason whatsoever this bond will immediately become payable”. This would be there so that a pilot could not get out of the bond by resigning and moving to another airline, but depending on the wording it could well also cover the current Nationwide situation.
Some questions that arise:
· Who is trying to claim the outstanding money? Liquidator ot Nationwide charter
· Did Nationwide undertake to provide employment for the duration of the bond repayment period in the agreement?
· Is the bond repaid by service or was it deducted from the employee’s pay on a monthly basis?