Everyone who has been offered this contract signed up to this scheme long before northern rock went bust, and when times were good, loans were unsecured, and this was the best ticket in town. Do you think people would have signed up for this program knowing this would be the outcome?!? Well, the sad thing is they would and they are, but those of us in the pool did not, and are pretty sick at the state of things compared to where they were when we started and what we signed up for.
You say there is no rational reason to accept this contract, but the only rational reason I can think is that you just spend two and a half years of your life working your butt off for this opportunity, and during that time, T's and C's have eroded to this level. And this is now your ONLY choice! There are no other jobs, no instructor positions, no entry level turbo prop jobs... this is it. And the jobs we left to make this happen have also suffered the effects of the economy and are no longer there for us to go back to... so your choice is simple, go bankrupt at tesco or go bankrupt flying the plane you spent years working towards and a life time dreaming about.
Having said that, I do not think I would sign up for this. Not good at all
