Actually MTC......NO!
I passed on the i(diot)Cadet program twice. I can be poor in Canada with my friends and family much easier than going half way around the globe to CHINA to be poor and alone. Anyone with any (real) experience is not taking this sub-standard contract. The real jobs are just around the corner and anyone with any time in the industry would tell you that. Cathay is taking advantage of the recession to "hand-cuff" wanna-be pilots to them until hopefully the next recession when you won't be able to move. Hence the 6-year taxable bond.
I don't want a pissing contest, but for me the deal is no good. I wish you the best in the future, and please read all the cadet postings, so you have no regrets about your choice.