How Much is your Training Bond ??

[flightsafety737]

Hello Pilots,
My precious company bond us USD 88.000 for 5 years contract for A320 rating...How much is yours ?? :rolleyes:

Jetcrew

[Megaton]

Zero bond for an A320 rating. Previous company stiffed us for £13k over 3 years.

[Zurg]

B744, 3 year bond. $60k to pay if you leave in the first year after check out to the line, then $40k for the second year, $20k for the third. (Doesn't reduce by the day/month).

Type conversion within the company as old fleet replaced.

[parabellum]

Let us be sure we are all talking about the same thing here. A 'Bond' as I understand it, is an amount of money, spread over a period of time determined by the company as the cost of an endorsement and in return for your signature the company will endorse you on a type. Provided that you complete the return of service, the 'time' element, then no money changes hands, money changing hands only happens when a person who has signed a bond decides to leave before the bond time element is completed, this repayment is often pro rata, based on time served.

Ham Phisted says, "Previous company stiffed us for £13k over 3 years." That sounds more like the individual agreeing to pay a company for an endorsement, a simple buying and selling contract rather than a bond.

My last 'Bond' - $150,000.000 over 5.5 years for the B747-400.

[Viking101]

Well my bond with my company was for a period of 5 years, and £23 000.

Its amazing how we keep paying to get a job. :ugh:

The only problem is that its our own fault of doing it, since we all want a job and the employer is not slow in understanding how to make the best of it. :D

:(

[powerstall]

Had a $60k bond for 3 years, ATR 72.... :ugh:

[parabellum]

Viking - did you sign a bond or did you pay GBP23,000.00 for a type rating with a repayment period of 5 years?

[jacjetlag]

Bond Shmond.....sounds like indentured servitude. Just buy a type rating first and leave when you wish, it's much cheaper. Any company that makes you pay for training sucks by definition.

[parabellum]

There is no real difference between buying a rating from a company you work for or a private training establishment, is there? They both suck. A company that trains you on a type and then says "if you work 3/5 years with us there will be nothing to pay" has to be a better deal for the individual and is sensible commercial practice I would have thought - and the company I agreed to a bond with certainly didn't 'suck' they are one of, if not the most successful airline in the world.

[bear11]

I suppose you should blame some of your colleagues who have taken a rating and line training and :mad: off after they got 500 hours on type, or decided they should be flying an A380 after 18 months on the ATR. The word "free" doesn't exist when airlines are spending serious money on typing and line training you, and being businesslike they expect a return on their investment.

Some bond for the type rating, some others bond for line training if you have the type on your licence. It depends on where you work, but some countries will not allow an airline to bond pilots for any more than the actual cost of rating and line training. In some countries, bonds aren't worth the paper they are written on, so the training cost is taken out of your salary over the first 3 years or so.

So, it's a good question to ask, but the context is important.

[FlyingApe]

No bond for me, I have to repay us$20,000 over the course of my employment - whether I stay or go! The advantage over just buying a rating, is it's a specific rating for a specific job, with line traning etc and a half decent wage to follow. c.us$65,000 plus duty pay

I recon this is about 50% of the cost of the regional jet type rating I now have.

Now with 750 hrs on type, and an ATPL under the belt, the silly thing is, there is no incentive to stay with the company!

I have to pay anyway, so might as well pay from the position of a higher salaried job.

One thing is for sure - I won't be paying for a rating ever again :=