Emerald Bond Now £12k over 3 years!

[Rockman]

Just heard that the Emerald bond for new FO's is 12k over 3 years and it doesn't start to drop until the end of year 1!!
Is this how they think people will give company loyalty?

[xyz_pilot]

Whats good.

Fair chance if you want to leave that BALPA can get this sort of bond canceled in court.

(so join BALPA)

[Wee Weasley Welshman]

This level of bond is both laughable and very probably unenforceable under UK law - you have to show that it is reasonable - hard to do when many modern jey operators have a lower bond.

Good experience though and a first job is a first job after all.

WWW

[robione]

They cant keep there pilots,blokes are in and out like nobodys business.A mate of mine just got in 700hrs,all single except for time doing multi and only just passed his IR,STRAIGHT IN THE DOOR.Things are moving.

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Holder of JAR/CPL/ME class rating,FZN ATPL,s were getting there

[Captain Mainwaring]

This bonding arrangement has been borrowed from Channex with whom Emerald are supposed to have a gentlemens' agreement not to take each others crew.
The CEO will persue you for the bond if you leave and don't settle it ( bearing in mind they keep your last months net pay towards the outstanding bond (clause written into the bond))
More than one pilot who has left owing has found that if things don't work out at the new job that Emerald will not take them back and a bad telephone reference isn't worth the paper it's written on !
Finally, it's a nice little earner if a pilot leaves after one year owing £5,000 (now £12,000)That puts a few cherries in the Chairman's cocktail in the Bahamas.
No landing fees at Liverpool and only 5
hours type training doesn't add up to £12,000. However, Emerald makes a healthy profit and always have done, this can be very handy in a business where everything looks rosy until the P45 appears in the pidgeonhole and 'For Sale' in Flight International.

[This message has been edited by Captain Mainwaring (edited 28 February 2001).]