Bonding on Bizjets
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Bonding on Bizjets
I was wondering what sort of training bond agreements exist out there for Business Aircaft. I am on a 1 year bond myself for a fairly small machine. What about the bigger guys, CL60, GIV, GIV, F900, GX? Does bigger aircraft mean longer training bond?
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some info
It depends on the operator, and if you have been with them a while.
However my straw pole suggests that if the type course is 2 weeks then the bond is 2 years, if the course is 3 weeks then 3 years.
Three years is a very long time in GA, most companies will not be in existance.
There should be no bonding for recurrents, but I do know a German private owner who believes that you should be bonded every year.....(no comment.)
Also they probably have been given the course, if a new aircraft purchased....so beware if they insist it cost them money....
Bumz
However my straw pole suggests that if the type course is 2 weeks then the bond is 2 years, if the course is 3 weeks then 3 years.
Three years is a very long time in GA, most companies will not be in existance.
There should be no bonding for recurrents, but I do know a German private owner who believes that you should be bonded every year.....(no comment.)
Also they probably have been given the course, if a new aircraft purchased....so beware if they insist it cost them money....
Bumz
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Thanks. Your point is valid. Three years is a long time in G.A.. I myself would not consider signing a training bond for any more than two years in the future for a corporate/private operator unless the gig was too good to turn down.
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2 years seems to be a standard amount of time. Be careful, however, how the bonding is formulated in your contract. The simplest is to agree on a sum for the whole initial course, write it down in the contract, and agreeing to a pro-rata payback if you should leave early.
In my case, they did the mistake of just saying that I was liable on a pro-rata base for the cost of initial training over 24 month, without mentioning the sum, and then got an excellent deal from Flight Safety, as part of a larger contract for several other aircraft crews. As a result, I know exactly how much they paid for everything, and they would be quite surprised at how little money I owe them if I decide to leave 1 year before end of the bond. Of course, this can also work the other way, with the company making outrageous claims about how much money they spent on you to get you trained...
What is NOT acceptable is the company trying to renew or extend your bond if they change aircraft type on you: you did not choose to change type, and should not made to pay for it...
As for bonding for recurrent, I had never heard of that one, but I guess it takes all kinds...
In my case, they did the mistake of just saying that I was liable on a pro-rata base for the cost of initial training over 24 month, without mentioning the sum, and then got an excellent deal from Flight Safety, as part of a larger contract for several other aircraft crews. As a result, I know exactly how much they paid for everything, and they would be quite surprised at how little money I owe them if I decide to leave 1 year before end of the bond. Of course, this can also work the other way, with the company making outrageous claims about how much money they spent on you to get you trained...
What is NOT acceptable is the company trying to renew or extend your bond if they change aircraft type on you: you did not choose to change type, and should not made to pay for it...
As for bonding for recurrent, I had never heard of that one, but I guess it takes all kinds...
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Up to 3 years bond for initial type rating when new with the company sounds OK for me.
Amount should be, however, agreed before start of the training. It also should be devided by the lenght of the bond in months or weeks and so on...
It should also only apply to the first type with the company. Further training to different equipment due to whatever reason is not really up to the pilot, so she/he should not be punished.
If companies have problems with high turnover rate, maybe they could/should start looking for other ways to motivate and positively engourage people to stay, or what you guys think?
Although, I have heard about companies where upgrading guys with years with a same employer are made to shift equipment and a brand new bond is signed, again...
Cheers!
Amount should be, however, agreed before start of the training. It also should be devided by the lenght of the bond in months or weeks and so on...
It should also only apply to the first type with the company. Further training to different equipment due to whatever reason is not really up to the pilot, so she/he should not be punished.
If companies have problems with high turnover rate, maybe they could/should start looking for other ways to motivate and positively engourage people to stay, or what you guys think?
Although, I have heard about companies where upgrading guys with years with a same employer are made to shift equipment and a brand new bond is signed, again...
Cheers!
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I agree, Aslak. If the company is worth its salt, they shouldn't have to rely on indentured servitude.
On the other hand, if the resume of the individual shows a tendency to jump around it would be ok to "guarantee" your training investment.TC
On the other hand, if the resume of the individual shows a tendency to jump around it would be ok to "guarantee" your training investment.TC
