After hearing different things from third hand sources. Can someone clear up the issue of bonds.
When your new found employer puts you through a type rating with a bond to secure you. What form do these bonds take.
Are they an arangement between you and the employer. With payments taken out of your wages over the period. Or as I have heard from sources at British European. Is it a bank loan with interest to boot. That is paid to the bank and you have to secure.
Is there a general rule or are the airlines different on this.
If I didn't want a bank around my neck again. Should I pay for the rating up front, or would that make me a target for any redundantcies the airline might make in the future.
