Mmmm ...

This HAS in the past been covered on this forum in some detail .... try using the search function!

Having said that ... I would imagine that if the subject of a training contract was not mentioned as a condition of your employment offer being accepted AND you were effectively ambushed with one after accepting employment then the company has left itself in a rather sticky situation.

If you now reject the requirement to bond yourself and they then try to take some action against you they surely would be leaving themselves open to legal action.

This may depend on State employment law in the state you work in ... Federal law may also be applicable ... you should get professional advice.

Good luck. :hmm:

In practice, enforcing such a contract is extremely difficult, so companies don't spend much effort to collect from someone they know doesn't have the money. Usually what happens is, if you leave before the contract terms are met, they will withhold your final paycheck, citing the contract, and dare you to try and collect it.

I was bonded on a contract by a school in Florida (that does JAA CPL(H) courses...ahem). Fair enough but I was bonded for 5 months past the end date of my via on the chance that I might get a green card in time. I didn't.

They promised me my job back but when it came to it, I didn't get it back. I'd love to know the legalities of this!!

Thanks...
 

...for moving my post to an appropriate topic. Believe it or not, this one didn't appear on my search for "training contracts" as I was not aware to look for the term "training bond". Maybe we need a search Thesaurus function? Anyway, thanks for the help as always.

type rating bond
 

Hello
Does anyone could give me information about type rating bond ?
How does it work?Conditions etc.?

type rating bond
 

Which type rating? With which company? Training agency? Some more information please.

:( "type rating bond" think carefully when you sign it)
Generally: Let's suppose you've found a nice company, and they offer you a "777 type rating bond" :E . Of course you agree even if your salary is 3 peanuts). 1 year later you managed to find some other companies with salary of 6-8 peanuts:E, and you meet all the requirements, but... But now you'll start reading the contract. It says : ...(blah-blah-blah)... you HAVE TO work within this company 3(or even more) years! If you leave before that, you MUST pay the money for type rating(. and if you are not a millionaire, you'll keep on working for 3 peanuts))).

P.S. but on the other side: if you really wish to fly that helicopter and become experienced on it, you WILL sign it. You can call "type rating bond" investment to your own future, because once you end that "3 peanuts contract" you'll be free to choose the better companies with more peanuts,better roaster,accomodation etc...
Anyway think twice:hmm:

i would just some example (preferably helicopter) to understand how the company weight my job.
I would understand the ratio between: type rating value / lenght of the bond

What has happened over the years is that contracts are becoming leaner and leaner with less profit available. Contractors are looking for ever more 'clever' ways of ramping up the bottom line by charging for extraneous items, not limited to:
training new pilots, additional qualifications for employees, and so on.

Examples where prices have gone ballistic:

Bonding and Training. Example

New employees of the SAR contract with Bristow are now paying £30k for the privilege of joining them onto a new type with IR.
EasyJet who are shareholders of the training school @ Oxford are charging extortionate fees for their budding pilots to go through their courses there and bonding them to it when or IF they go onto flying @ Easyjet.
Almost all employers now use bonding tactics to get away with not having to pay for enrolling their new employees.

Accountants rule....................................

Not sure anyone is 'paying' £30k to Bristow to get onto SAR. My company bonds you £30k for three years for a S92 TR but no money changes hands unless you leave before that time.

so the TR cost is (e.g) 70-80k but they bond you only for 30k, and they consider that 3years of work refund this bond?and during this period your pay is normal, right?
How many hrs of flight could be 3years of contract ?

Bristow getting people to pay £30K for type ratings TC? What a load of dreck.

:ugh:

Recent over Bristow 30k bonding period 3 years. Bristow pays the bill!

CHC in the UK bond new-hire pilots for £50k and 5yrs on a 139. They say 5 yrs but if you read the contract it says £50k over 5 yrs but at the end of yr 5 you still owe £10k so that to me is 6 yrs. ??

CHC Helicopter Services will Bond new hires too, but the reason is to prevent new-hires just going along and getting the type rating then leaving a few weeks/months later. Good business sense to me, but why not give the new type ratings to present staff with seniority??

Bonds must have changed recently in the UK. Last I heard:

Bristow £30k over 3 years
CHC £30k over 3 years
Bond £50k over 5 years

And that is regardless of type.

LZ

So, on day 1 you owe £50000.
End yr 1 £40000
End yr 2 £30000
End yr 3 £20000
End yr 4 £10000
End yr 5 £0

Simples.

I had two of those spineless bastids not too long ago...it hurts a small company.:=

GG it would hurt any company.

Hot_Lz, the CHC one is correct, £50k (139 rating) over 5 yrs

Nescafe, at the end of yr 5 you owe 10k. :-

Period from start date……….Repayment amount
less than 1yrs service……….£50k
completion of yr2……………...£40k
completion of yr3……………...£30k
completion of yr4……………...£20k
completion of yr5……………...£10k
completion of yr6……………….Nil

So maybe Im reading it wrong but surely owing £10k at the end of yr5 means im bonded for another yr?

Nescafe's version is a 5 year bond. Your's is a 6 year bond.

And some company bonds even 'pay off' on an monthly basis, not annually.

Cost of EC225 TR?
 

Just curious what other people have been bonded for EC225 Type ratings.

Mine was just under €20k but I have a feeling that was a mistake (in my favour)

Course was in ABZ

Anyone get charged the same for 225?