eeper23
Ahhh well, the less kiwis in Aus stealing the hours from Aussie pilots who actually had to pay for it, the better.
Funny how Aussies are the first to head off to pommyland to steal the hours of hardworking Brits when it suits them... hypocrites one and all.
JezzaNZ
The bond is secured against the aircraft so there's recourse to get the money back if things go sour.
Depends on the value of the aircraft, and the number of bonds... could well be that there isn't enough equity in the aircraft to pay the bonds back. And are the aircraft actually owned, or leased?