PPRuNe Forums - View Single Post - Ryanair £15K bond?
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Old 23rd October 2001 | 15:56
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Airbrake
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Getting the pilots to pay for their own trg will be a double-edged sword. Firstly, many pilots will not be able to find £15K cash and so any loan taken out will mean that the real cost of the rating will be significantly more. However, when an airline 'Bonds' a pilot in the traditional sense it also acts to stabilise the work force over the term of the bond due to the cost of leaving. This will not apply to Ryannair now and they will have to insure that the 'pull' factor of any other operator does not cause them to lose pilots in the future.
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