Bonds for UPGRADES? And what if the airline GOES UNDER?
What's the general policy on bonds for upgrades? Say, for instance, you've been an FO on a jet for 4-5 years with the same company and are offered LHS conversion. What price is the training and how long is the amortisation period? Also, for any legal beagles out there, what is the legal position on outstanding bonds (of any type) if you happen to be working for a company that goes into receivership. Someone reckoned that an aggressive receiver is likely to come after the bondee for the outstanding amount as he/she is technically a debtor of the liquidated airline. Not nice at all.